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  Microsoft: Confident Amid Tech Turmoil
Time: 04:08 EST/09:08 GMT | News Source: Reuters | Posted By: Alex Harris

Microsoft Corp. said on Tuesday it was confident about the future, which was why it was raising an army of new recruits and investing tens of millions of dollars in an alliance with Hewlett-Packard. Microsoft Chief Executive Steve Ballmer used a European tour to launch a new initiative with H-P, aimed at bringing .NET services from Microsoft to businesses, and used the occasion to argue that the oft-criticized firm was a "responsible industry leader." Microsoft's .NET is a wide range of software, standards and services that aims to tie information between different programs and devices together over the Internet.

"It's a major investment and will give major new capacities to the market, to people who can move forward with .NET," Ballmer told journalists here. "A lot of people worry about the bad economies and markets and the blah, blah, blah. But we're still very confident," he said.

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