Feeds

Microsoft ditches Comcast shares

Money isn't everything, Mortimer

Gartner critical capabilities for enterprise endpoint backup

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. ®

Gartner critical capabilities for enterprise endpoint backup

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Fast And Furious 6 cammer thrown in slammer for nearly three years
Man jailed for dodgy cinema recording of Hollywood movie
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
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?