Microsoft pulls out stake in Comcast
updated 03:40 pm EST, Tue January 20, 2009
MS Pulls Comcast Stake
Microsoft through a Securities and Exchange Commission filing today said it has sold its shares in Comcast. The move pulls about 150.9 million shares out of the cable provider and practically cuts Microsoft's influence in the firm. Reasons aren't given to the SEC for the quick exit, though the news comes just as Microsoft has curbed real estate expansion in an attempt to reduce costs without shedding employees.
The original share stake was made in a bid to establish Microsoft as a major force in two-way TV, including the use of Microsoft's software for some DVR features on the cable TV network. Since then, however, the shift has been towards general Internet-based TV through services such as Microsoft's Mediaroom as well as direct downloads through online stores on the Xbox 360 and Zune software. [via CNET]












wow
01/20, 04:57pm reply
What does it say about your product when MS doesn't even want a piece of it???
testudo
Fresh-Faced Recruit
Joined: Aug 2001
Maybe because
01/20, 05:19pm reply
Comcast is making a big deal about Exchange mail for its business offering?
Don't want to get slapped with another monopoly suit.
Flying Meat
Fresh-Faced Recruit
Joined: Jan 2007
re:wow
01/20, 05:23pm reply
:cough: playsforsure :cough:
FastAMX79
Fresh-Faced Recruit
Joined: Sep 2000