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Microsoft has made available for download a new minor update to Office for Mac 2011. There's still no updated word on when the next major version will be available.



From All About Microsoft:
The update, 14.4.3, includes a handful of fixes for Outlook for Mac. Specifically, it includes:

A fix for an issue that causes Outlook for Mac not to automatically detect and connect to the connection settings for the Exchange server. Instead Outlook for Mac prompts for manual settings when you use certain proxy auto-configurations.
A fix for an issue that causes Outlook for Mac to delete shared folders that are added by using the Open Other User's Folder feature when certain errors occur on the server.
A fix for an issue that causes Outlook for Mac to continuously try to connect to public folders that are disabled or removed from the Exchange server by the administrator.
  Microsoft updates Office for Mac 2011 with Outlook fixes