Microsoft faces uncertain financial future as it looks to the cloud

The Ray Ozzie Era at Microsoft has begun.
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The man who assumed Bill Gates’ role of chief software architect unveiled a new blueprint for the company here this week, detailing plans to build upon Microsoft’s PC software legacy in an attempt to ensure the company’s place in the online world.
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Just as Gates led Microsoft through the personal-computer revolution, Ozzie is trying to lead the company into a new period of “cloud computing” — in which programs are accessed on computers and devices as online services from remote data centers.

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