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Report Studio -- attempting to run the report in any type of Excel format fails

A report runs without issue in HTML format but attempting to run the report in any type of Excel format fails.  A temporary solution is to restart the Cognos services.

Error Message:

CM-REQ-4034 An error occurred while reading or formatting data in a property value.

This can be caused if no cm folder exists in the <c8install>\temp directory.   You would have to manually create a folder called 'cm' under the Cognos 8 temp directory.  Using windows explorer navigate to the c8/temp directory.  Create a new folder under this temp directory called cm.