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Windows Media Encoder takes source information in either live or stored form and turns it into ASF content that can be streamed by a Windows Media server. Live information sources are anything you can input into your audio or video card, including a CD player, microphone, VCR, or video camera. Stored information sources include movie, picture, or sound files. Once the media has been converted to ASF, you can deliver it to a Windows Media server for streaming. An ASF stream can also be saved as an .asf file.