Comcast reported a 54 percent jump in fourth quarter profits due primarily to increased customer spending and added revenues from acquired companies. Comcast also announced a dividend of 6.25 cents per share for the quarter and said it plans to spend $6.9 billion on share buybacks before 2010.
"We are not spending any time on any of the large transformative acquisitions that have been speculated about, like Yahoo! or Sprint," said CEO Brian Roberts. No official word about small ones like Plaxo. [AP]