EE Times has an article of how Microsoft's Computer Graphic's research has dominated SIGGRAPH 2004. Its contributions accounted for nearly 15 percent of the conference's papers, more than any other single organization. At the conference, Hugues Hoppe of Microsoft Research has received the prestigious Computer Graphics Achievement Award for his achievements in surface reconstruction, progressive meshes, geometry texturing and geometry images. The author claims: "The leading name in computing graphics these days isn't Pixar or Nvidia or 3Dlabs. It's Microsoft Corp. With the help of sophisticated algorithms and computing techniques, the company is finding new ways to manipulate pixels and re-create reality."
The full article can be found here