Microsoft floats in cloud computing

In a speech at University of Washington,  Microsoft CEO, Steve Ballmer, has given the strongest indication yet that MS is investing heavily in cloud computing.

Cloud computing is being heralded as the next-generation shift that combines the Internet and computing so that software, content and data can be stored in remote servers run by other companies and accessed from computers, phones and TVs through the Internet. Many consumers are already using cloud applications such as iTunes, Web e-mail such as Hotmail, Flickr and Facebook.

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