Gates: New Windows 8 system is 'very exciting'

NEW YORK (AP) -- Microsoft founder Bill Gates called the new Windows 8 operating system scheduled for release next month a very exciting new product and a very big deal for the world's largest software maker. Gates said that he is already using Windows 8 and I'm very pleased with it.

Windows 8 is Microsoft's biggest overhaul of Windows in more than a decade and the company's attempt to stay relevant and exciting in a world where mobile gadgets have started to overshadow personal computers.

Microsoft will release Windows 8 on Oct. 26 along with a new version of Internet Explorer. Windows 8 will replace Windows 7 on practically all personal computers sold to consumers. It features major changes in the way consumers interact with their machines, and versions of it will also run on tablet computers and smartphones.

Although Microsoft has grown into much more than a maker of computer operating systems providing computer services to corporations and Xbox gaming machines to game enthusiasts Windows still accounts for a significant chunk of the company's annual revenue.

In 2011, Microsoft's Windows & Windows Live division generated 27 percent, or $19 billion, of the company's $69.9 billion in annual revenue.