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  Microsoft sets out internet growth strategy
Time: 01:27 EST/06:27 GMT | News Source: Financial Times | Posted By: Todd Richardson

Microsoft on Thursday laid out an ambitious goal to create a new generation of internet-based services to boost its growth rate, potentially bringing in advertising, subscription and transaction revenues to supplement its more mature businesses.

Besides existing services such as internet search and the Xbox Live online games service, new areas of interest were likely to involve communications, web-based storage and tools to help workers collaborate better, executives said at the company's annual analyst meeting. They were also likely to extend beyond its MSN internet service to include new ways of generating income for the company's Windows and Office divisions, they added.

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