Information from Microsoft’s Web site.
The Office 2008 for Mac 12.1.2 Update contains several changes that improve stability and performance. In addition, this update includes fixes for vulnerabilities that an attacker can use to overwrite the contents of a computer’s memory by using malicious code.
You can learn more at http://support.microsoft.com/kb/956344.
Note: This update is huge: over 100 MB. If you’re updating on a laptop, make sure you have a good Internet connection and your power cable attached.
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