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HP, Microsoft in $250 million cloud computing pact

Tech heavyweights Hewlett-Packard and Microsoft on Jan. 13 announced an ambitious partnership under which they will jointly invest $250 million over three years to develop and market systems geared toward cloud computing, Information Week reports. “The cloud is the driving force behind this deal at this time,” said Microsoft CEO Steve Ballmer, on a conference call with reporters. “This is entirely cloud motivated,” said Ballmer.