Microsoft announces Cloud-based Office 365, downloadable preview available

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Microsoft announced its upcoming Office software during a press conference today, with CEO Steve Ballmer outlining the new cloud and collaboration-oriented features of Office 15, better known as Office 365.
While many users pondered whether Microsoft would follow Google into the cloud with Office 2010, it ultimately never happened. This time however, the cloud takes central stage with Office 365, which Ballmer deemed the company's "most ambitious release ever in our history."

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