Wearable computing is all the rage right now, and Microsoft wants a piece of the action. Apparently, the company is developing its own touch-enabled watch device, though they've declined to comment one way or another.

Of course, Microsoft isn't the only company reportedly looking to cash in on the trend. Apple has tinkered with designs for such a device, and the Kickstarter-backed Pebble watch "syncs wirelessly with smartphones and vibrates to alert wearers to incoming phone calls, Twitter posts and emails," writes SmartMoney. The Google Glass headset, which is being banned in casinos and movie theatres left and right, also enables users to video chat, call up subway directions and more. 

For the time being, we'll have to wait and see what Microsoft is planning, though one component supplier who declined to be named said the company's placed orders for 1.5 inch component displays to be used in its prototypes. 

[via SmartMoney]