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  Microsoft set to debut Xbox Live upgrade-sources
Time: 19:54 EST/00:54 GMT | News Source: Reuters | Posted By: Todd Richardson

Microsoft Corp. is aiming to raise the stakes in the $30 billion global video game industry and strengthen its foothold in living rooms with major changes to its Xbox Live online gaming service, industry sources said Monday. As game makers prepare for the Electronic Entertainment Expo in Los Angeles, the year's largest video game show, Microsoft is readying a new version of Xbox Live with advanced community features such as voice chat and locater services that operate independently of games in progress, said sources with knowledge of the software company's plans.

While a Microsoft spokesman declined to comment on the upcoming upgrade, he did say the company was planning "groundbreaking announcements" at E3.

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