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Microsoft Move to be the End of JPEG? 447

jcatcw writes "Microsoft Corp. will submit a new photo format to an international standards organization. The format, HD Photo (formerly known as Windows Media Photo), can accommodate lossless and lossy compression. Microsoft claims that adjustments can be made to color balance and exposure settings that won't discard or truncate data that occurs with other bit-map formats."

You have a massage (from the Swedish prime minister).