Attention start-ups: Don't go looking to Microsoft for the next round of cash.
The software giant, which a few years ago was willing to invest billions in companies that could spur adoption of new software efforts, has changed its ways. The company, which has said it has no immediate plans to return its cash to shareholders, has become even more reticent to make strategic investments.
"That whole investment strategy is transitioning," said Dan'l Lewin, corporate vice president of business development for Microsoft's .Net efforts.
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