Microsoft dumps Comcast shares
 

In what could possibly be seen as extra price cutting (or possibly merely a throwing in of the towel), Microsoft has divested alone of more — if not all of its shares of Comcast.Microsoft acknowledged the Comcast stock sale in a January 16 Securities and Exchange Commission (SEC) filing. According to the report, Microsoft (as of some unspecified date) no longer own(s) much more than 5 percent of Comcast;s stock. At the end of 2007, Microsoft owned 7.26 percent of Comcast;s Class A common shares.A report in the Philadelphia Business Journal notes there;s been no love lost between Comcast and Microsoft in the interactive TV space. Microsoft invested $1 billion in Comcast back in 1997.Update: Microsoft;s official statement on the move, from a corporate spokesman:“This (sale of Comcast) was a routine part of Microsoft;s portfolio management and was unrelated to the cost-cutting moves since reported.”