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Another Miss for a Microsoft Co-Founder

in News on September 23, 2009 at 12:01 am PT

Paul Allen’s spotty investing history just got a littler spottier, with a deal to sell set-top-box maker Digeo to cable-equipment provider Arris Group for $20 million. The Microsoft co-founder is the primary shareholder in Digeo, a closely held Kirkland, Wash., maker of digital video recorders that has struggled with sales of its products and laid off about half of its staff last year.