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Microsoft and probably also companies like Samsung, Apple and whatever have probably all already VR tech since years in the works. Billion Dollar companies don't miss stuff like that at least after they saw how Oculus got so much attention. Just look at the leaked Microsoft documents, when Sony started with it and when Oculus started as project on Kickstarter. Pretty much all close dates to each other.

It is possible that they will never release a device if they see that others fail with their products or that they buy something like Oculus because their own headset doesn't work that great but yeah, Microsoft and all other big tech companies will surely have own stuff in research since years.