How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 478.53

-1.0%

Dec 12 9:30 AM EST

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To: Stormweaver who wrote (22294)	5/6/1999 9:17:00 PM
From: John F. Dowd	Read Replies (1) of 74651

James: This provides a good summary of MSFT's ventures into big pipes: SEATTLE, May 5 (Reuters) - Microsoft's $5 billion investment in AT&T Corp. culminates two years of aggressive spending aimed at speeding deployment of a new generation of high-speed video and data services. Here are the biggest deals: June 1997 - $1 billion for 11.5 percent equity stake in No. 3 U.S. cable provider Comcast Corp . August 1997 - $425 million to purchase WebTV Networks Inc., provider of hybrid Internet service delivered over television screens. June 1998 - $212.5 million for 10 percent stake in Road Runner, a joint venture of Time Warner Inc . and MediaOne Group Inc . aimed at delivering high-speed Internet access to the home. December 1998 - $200 million for a 1.5 percent stake in Quest Communications International Inc., No. 4 U.S. long-distance provider. January 1999 - $500 million in convertible preferred shares for a 5 percent stake in NTL Inc ., Britain's No. 3 cable provider. January 1999 - $300 million investment in initial public offering of United Pan-Europe Communications N.V. of the Netherlands, establishing joint projects to deliver Internet, telephone and other services in Europe. May 1999 - $5 billion for AT&T convertible trust preferred securities and warrants. In addition Microsoft agrees to purchase 29.9 percent of Britain's No. 2 cable operator Telewest Communications Plc in a stock swap JFD

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