Microsoft plans to announce this week its first product from its long-incubating NetGen unit, according to a story in Newsweek. The new Microsoft threedegrees instant-messaging-based application, formerly code-named "Genesis," is aimed at the 13- to 24-year-old crowd. Besides facilitating small-group instant-messaging communication, threedegrees also allows participants to share music, photos and customized animations, Web reports say.
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