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Xerox, Microsoft to Launch New Company

SAN FRANCISCO (Reuters) - Copier giant Xerox Corp. (NYSE:XRX - news) and software behemoth Microsoft Corp. (NasdaqNM:MSFT - news) plan to host a press conference on Thursday to unveil a new firm that will be focused on media management over the Internet.

A spokesman said that the firms will host a news conference at Xerox's Palo Alto Research Center, which will be attended by Microsoft president and chief executive Steve Ballmer and Xerox president and chief executive Rick Thoman.

The companies said in a statement that their announcements would ``impact the future of Internet use and e-commerce.'' A spokesman said they plan to launch a new firm centered on media management. He declined to be more specific and no other details were immediately available.

Last year, Microsoft and Xerox announced an alliance to make it easier for businesses to share digital information.


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