Sandy Brown

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Supreme Court Deals Blow to File Sharing

06/27/05 - 01:24 PM EDT

Sandy Brown

The decision was not a surprise, given that the Federal Communications Commission had previously ruled that cable lines were information services and not phone lines, which are subject to rival access.

Shares of Comcast(CMCSA - Cramer's Take - Stockpickr) rose 29 cents to $31.29 and Cablevision(CVC - Cramer's Take - Stockpickr) fell 16 cents to $32.31 in midday trading Monday.

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