Several reports are currently making the rounds, reporting that Microsoft has collaborated with eight other companies to create a new product to compete with Apple.

"The announcement that came out of Japan this week was simply about the Japanese launch of Windows Media Player 11," said a Microsoft representative who asked not to be named. "Due to translation issues the announcement was misconstrued to sound like Microsoft was developing a rival to the iPod; that's just not the case."

Click here to Read the Full Article