Finally Microsoft Corp. has seen the value of the music market. Microsoft today announced its plan build its own portable music player that would put in direct competition line with the major rival Apple Computer. Apple Inc.'s iPod, has captured a major share of the market at the expense of competitors offering devices with Microsoft's music player.

Today the business week reported that Redmond, Wash., software maker was working on plans to develop its own device, rather than just rely on partners to take on Apple, which is becoming a dominant player in entertainment on the Web. The magazine reported that, Microsoft had put together a team to consider the business behind such as initiative.

However a spokeswoman for the company did not confirm the story, and told "Officially, nothing has been announced,". "I don't think anything has been officially decided."