Microsoft, losing the mobile race, see its future in the cloud

If mobile and cloud are the two key technology markets of the future, it's good that Microsoft seems to have a handle on at least one of them.When the company reported its quarterly financial results Thursday, something stuck out of its statistics: phone hardware revenue had dropped 58 percent year over year, something the company blamed on an "updated strategy." It's a nice little turn of phrase that belies Microsoft's shift in focus away from operating Nokia's devices business like the Fi