Despite the turmoil in the worldwide financial markets, Microsoft's CEO Steve Ballmer believes the company has what it takes to weather the storm.
Speaking at the Churchill Club last week, Ballmer was questioned on internet advertising and said "Thank goodness! We have a chance to grow" in a market that Microsoft does not dominate.
"As I travel and talk to people in the industry, I would say given the current circumstances, people still see a certain buoyancy in the market," he said.
When questioned on Live Search Ballmer believes Microsoft has improved the relevance of its results in an "amazing fashion."
"I think the opportunity is great," Ballmer said. "Frankly speaking, if anyone is going to provide real competition ... I think Microsoft might be unique in providing that competition."
Microsoft is due to unveil its long term strategy on cloud computing and its Windows Live services at its Professional Developers Conference in LA next month. The company will also unveil the next version of Windows, Windows 7. Neowin will be live at PDC covering every aspect.