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Default Formula Being treated as Text

I have Excel 2003 SP1.

Version 11.6355.6408



I have a cell with the formula:

=COUNTIF(A1,"x")

When I copy this cell to another cell, sometimes the destination just
takes the formula and treats it as text. It seems to copy and calc
sometimes and then not others. I tried a brand new worksheet and have
the same intermittant behavior.

I try going into options and Re-Calcing the sheet, that doesn't work.
The cell just contains the text: =COUNTIF(A1,"x") instead of evaluating
the formula. When it does copy and calc properly, then it seems when I
edit the "x" to something else, it goes back to displaying the text of
the formula.

I have my Excel options set to Tools--Options--Calculations -
Automatic.

Like I said, even when I force a recalc, the cell just displays the
text.

Is there some other setting in options that might be controlling this.
I can't seem to reproduce the behavior on a different PC running the
same version of Excel, this leads me to believe it's a configuration
issue or something.

Thanks

 
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