New York (CNN) – Can an old dog learn new tricks?  That is the question facing tech giant Microsoft.

Once a must-have growth stock, Microsoft shares have been stuck in the mid $20 range.  While Apple has surged 391% in the past five years and Google has risen 28%, Microsoft shares are down 8%.

I caught up with Steve Ballmer at the launch of Office 365, the cloud version of its popular software package and a product the company hopes will dispel the image that they are trapped in the past.

He acknowledged the company suffers from a perception problem.  “It is hard to understand.  Half of the world’s inboxes are on Hotmail.  We have maybe 50, 100% more customers than Gmail.  We are not newbies.

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When Apple boss Steve Jobs took the wraps off iCloud, the company's new cloud services, he gave us a glimpse at the future of computing.

What is iCloud? It's a system for storing various bits of your data online, and pushing all that data to all your devices so that they are always in sync. For example, let's say you create a document on your Mac. Without needing to hit "Save", iCloud will automatically save a copy of it online, and push it out so you can edit that same document on your iPhone or iPad.

Apple calls iCloud a breakthrough. Jobs says it's the culmination of a decade-long effort to kill the desktop file system.

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