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 .NET Framework 
Microsoft .NET is software that connects information, people, systems, and devices. It spans clients, servers, and developer tools, and consists of:

The .NET Framework 1.1, used for building and running all kinds of software, including Web-based applications, smart client applications, and XML Web services—components that facilitate integration by sharing data and functionality over a network through standard, platform-independent protocols such as XML (Extensible Markup Language), SOAP, and HTTP.
Developer tools, such as Microsoft Visual Studio® .NET 2003 which provides an integrated development environment (IDE) for maximizing developer productivity with the .NET Framework.
A set of servers, including Microsoft Windows® Server 2003, Microsoft SQL Server™, and Microsoft BizTalk® Server, that integrates, runs, operates, and manages Web services and Web-based applications.
Client software, such as Windows XP, Windows CE, and Microsoft Office XP, that helps developers deliver a deep and compelling user experience across a family of devices and existing products.