Microsoft Corp. is on track to release its new Windows 7 operating system in time for the holiday shopping season, an executive said May 11, confirming talk it is ahead of its own conservative schedule for replacing the unpopular Vista system, Reuters reports. The world’s largest software company has so far been vague on specifying the timing of its new operating system, wary of disappointing customers. But it has broadly targeted the end of this year or the beginning of next year. Last month, Microsoft said Windows 7 was on track for launch in fiscal 2010, which could mean as early as July this year. That inspired some hopes Microsoft would be able to take advantage of both the back-to-school and holiday shopping seasons, which usually bring a spike in computer purchases and accompanying software. But Microsoft is taking care not to rush. "Many are pushing us to release the product sooner rather than later, but our focus remains on a high-quality release," said the head of Microsoft’s Windows business, Steven Sinofsky…

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