Microsoft released information to the Denver Post yesterday about their plans to create a $50 iPod killer. The device is aimed to takeover the 31% stake Apple has on the portable music player market.

The Microsoft-branded devices will “look and feel” as good as the iPod for as little as $50, said Yusuf Mehdi, corporate vice president of MSN at Microsoft Corp., at the Goldman Sachs fifth annual Internet Conference in Las Vegas. The iPod sells for $249 to $499.

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