Steve Ballmer, the chief executive of Microsoft, could play a part in rival Apple's keynote presentation at the annual Worldwide Developers Conference, according to a new rumor.

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Apple's market capitalization hit $222 billion on Wednesday, leaving it ahead of rival Microsoft as the largest technology company in the world when the closing bell rang on Wall Street.

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As part of its corporate infrastructure shakeup revealed this week, Microsoft will consolidate its Mac Business Unit -- the team that produces software for Mac OS X -- into the company's Business Division.

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Microsoft has issued a third release of its private beta program for Office 2011 for Mac, which is expected to reach production by the end of the year.

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In the face of success from Apple and Google in the portable device market, Microsoft is expected to announce "major organizational changes" in the company's Entertainment and Devices Division, responsible for Windows Phone, Zune and Xbox.

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Microsoft's forthcoming Office for Mac 2011 promises greater feature parity with its Windows version, including improved support for Exchange and reincorporated support for Visual Basic for Applications, a feature that was dropped in Office 2008. It also shares more in common with the the look of Office 2010 for Windows, which is also currently in beta.

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Microsoft's share of web browser use has dropped to an historic low below 60% for the first time since Internet Explorer 4 passed the beleaguered Netscape back in 1999.

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It's been just over two years since Microsoft released Office 2008 for Mac. Now the company is preparing to launch its 2011 edition in significantly less time than it took to update Office 2004, this time delivering an application interface sporting a sharper and more professional look. Here's an early introductory look at what's coming.

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Following Apple co-founder Steve Jobs' comments this week predicting Adobe Flash will fall to open standards like HTML5, the general manager of Microsoft's Internet Explorer browser agreed and said HTML5 is "the future of the Web."

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Microsoft has finally confirmed that it has been working on a tablet concept known as "Courier," but the company has also announced that it has "no plans to build such a device at this time."

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While Apple's patent lawsuit against HTC remains ongoing, the Taiwanese handset maker has reached a licensing agreement with Microsoft to avoid another lawsuit over its Android-powered handsets.

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Fortune magazine on Thursday released its annual list of the Fortune 500 U.S. companies with the highest gross revenue in 2010, and Apple moved up 15 spots to take the 56th overall position.

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Project Pink, an internal effort built upon Microsoft's Danger acquisition, was officially revealed today at a "social event" which presented two new phones branded Kin and targeted at young phone users.

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Screenshots of Microsoft's 2011 version of its productivity suite for Mac have appeared, highlighting a more serious user interface appearance and the Vista Ribbon.

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Even though Windows Mobile handsets are named in Apple's lawsuit against smartphone maker HTC, one Microsoft executive recently stated that the suit might help to sort out intellectual property ownership issues.

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Although it's no secret that members of Microsoft's leadership frown upon employees who choose an Apple iPhone over one running the company's own Windows Mobile operating system, approximately 1 in 10 still veer towards the forbidden fruit and sometimes go to great lengths to conceal them on the job.

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Worldwide smartphone shipments stormed back last quarter with 37.2 percent in growth, and Apple's iPhone led the way with a 97.9 percent year-over-year surge in shipments. But the real coming battle in the mobile market, according to one analyst, lies between Microsoft and Google.

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Similar to how Apple's iPod touch came from the development of the iPhone, Microsoft reportedly plans to base the follow-up to its Zune HD media player on the Windows Phone 7 Series mobile operating system.

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Before Apple publicly sued HTC, the iPhone maker privately had "blunt conversations" with other smartphone companies, amounting to legal threats that have proven disruptive to the roadmaps of would-be iPhone killers, according to a new report.

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Microsoft chief Steve Ballmer recently had positive words about Apple's success with the iPhone and its App Store, adding fuel to rumors of a potential alignment between Apple and Microsoft to bring Bing search to the iPhone.

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