Bill Gates, The Cable Guy

Will his technology for digital TV become the standard?

When Microsoft Corp. invested $1 billion in Comcast Corp. last month, it looked like the best thing to happen to the cable industry in years. For its cash, Microsoft got an agreement for up to 11.5% of Comcast, the fourth-largest cable company. But the vote of confidence from the mighty William H. Gates III immediately drove up the value of cable stocks by several billion dollars.

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