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  IBM, Microsoft Set Alliance to Offer Web Services
Time: 00:00 EST/05:00 GMT | News Source: Reuters | Posted By: Todd Richardson

IBM, Microsoft Corp. and other fierce technology sector competitors are expected on Thursday to announce an alliance to hammer out standards to make it easier and cheaper for companies to do business over the Web, sources familiar with the project said on Tuesday. The group, to be named the Web Services Interoperability Organization, will work on standards for Web services, the new market for software that makes it easier for different computer systems to share information. This will make it easier for companies to carry out purchasing, insurance checking and other activities online.

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