Feeds

Microsoft ditches Comcast shares

Money isn't everything, Mortimer

Choosing a cloud hosting partner with confidence

Microsoft recently sold its 7.26 per cent stake in Comcast, in what is being seen as another burst of financial housekeeping ahead of tomorrow’s second quarter earnings report.

A US Securities and Exchange Commission filing, dated 16 January, disclosed that Microsoft no longer holds any Class A shares in the Philadelphia-based cable giant.

Before the sale the software vendor had a stake in Comcast of about 150.9m shares.

Microsoft first showed an interest in Comcast way back in 1997, when it invested $1bn in the company to help plump up the outfit’s deployment of high-speed data and video services over its then blossoming network.

The Wall Street Journal suggested the stake could have been worth between $2bn and $3.4bn when Microsoft offloaded.

It’s not clear from the filing when Redmond sold the shares or at what price, but the company’s decision to back away from Comcast could be viewed by many as yet another effort to cut costs.

Microsoft has around $9bn in cash according to its balance sheet. Having another few billion bucks to play with as it enters into a bout of restructuring isn't going to hurt though.

Comcast, which has seen shares tumble in recent months, learned yesterday that it was once again in trouble with the US Federal Communications Commission over possible net neutrality violations in its latest "protocol-neutral" internet traffic management regime. ®

Internet Security Threat Report 2014

More from The Register

next story
Bono apologises for iTunes album dump
Megalomania, generosity and FEAR of irrelevance drove group to Apple deal
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.