The Wall Street Journal is reporting that Microsoft is pushing plans forward to have a Smart Watch device on the market with a touch-enabled screen and other smart-related features. This device is aimed at competing with Apple, Samsung and Google along with others for the hearts and minds of consumers.

The WSJ went on to cite that Asian manufacturers have been shipping components to Microsoft for the purpose of getting a smart Watch device off the ground and into the hands of eager consumers around the world. Those components include a 1.5-inch watch display, but that's the only information regarding the watch that the WSJ could muster.

"Some investors and big technology companies are betting on a boom in wearable, computerized devices built around the growing power and slimming size of sensors that can detect body temperature, geographic location and voice commands of people on the go," says the WSJ.

"Some of the new wearable gadgets, like Nike Inc.'s NKE -0.85% FuelBand, measure physical activity, while others are intended to supplement functions of a smartphone, such as receiving text messages, taking photos or checking the weather. Apple has also experimented with designs for a wristwatch-style device, The Wall Street Journal reported earlier this year," the WSJ continues.

The first relatively successful Smart Watch was the Pebble; this device is capable of synchronizing with your smartphone and other devices.

"We see growing demand for wearable gadgets as the size of the smartphone has become too big to carry around," said RBS analyst Wanli Wang. "A smart watch that is compatible with a smartphone and other electronics devices would be attractive to consumers."

The big question is, would the Microsoft Smart Watch have Windows at the helm, or some other unknown basic operating system?