Windows 7 OEM Brander V.1.9 With
currently, oems use a variety of operating systems, including the windows os, and other operating systems for their hardware products. oems may use different operating systems, and different versions of the same operating system, depending on the types of devices that oems produce. oems may choose to adopt the windows 7 oem brander application in order to develop and test software for their own devices. if oems adopt the windows 7 oem brander application, then microsoft may receive compensation for its services. microsoft could also receive compensation for its services if oems distribute the windows 7 oem brander application to their oem partners, which has not occurred to date. oems that currently use the windows 7 oem brander application may discontinue using the windows 7 oem brander application at any time, which could adversely affect microsofts ability to provide its services to these oems.
microsoft is still committed to its strategy to release a new windows every year with new capabilities and new features, while continuing to deliver the most secure and reliable operating system on the market. microsoft has been releasing one windows operating system per year for more than a decade. the new windows operating system is designed to support a variety of hardware platforms and is focused on customers, particularly customers in emerging markets. the new windows operating system must continue to support windows 7 and windows 8.1 for a minimum of five years after the introduction of the new windows operating system.
in addition, oems and other end-users will continue to be exposed to malicious software, including software that exploits vulnerabilities in microsofts windows operating system, software that attacks their devices for financial gain, software that disrupts their networks for financial gain, and software that uses their computing resources for malicious purposes. oems and other end-users also continue to be exposed to the threat of cybercrime and online intrusions, including ransomware attacks. oems and other end-users will continue to be subject to security threats and software vulnerabilities and will need to continue to be vigilant in protecting their systems and networks from these threats. d8a7b2ff72
cfo commentary is excluded from sec filings for periods with no new information; however, when needed to provide continuity, where the information remains the same, and there is no material change in the information already reported, it will be reported.
as of june 30, 2020, our total investment in equity securities was $52.9 billion and our total debt, including current portion, was $74.2 billion. as of december 31, 2019, our total investment in equity securities was $47.1 billion and our total debt, including current portion, was $59.
as of june 30, 2020, we had total cash and cash equivalents and marketable securities of $46.5 billion and $48.6 billion, respectively. the net proceeds from issuance of common stock in connection with the 2020 debt offering were $2.4 billion, which were net proceeds of $7.4 billion after giving effect to net proceeds of the 2016, 2018, and 2020 financing, net of fees and commissions paid to the placement agent and interim reinvestment and proceeds from the issuance of common stock in the marketplace.
we sell our professional services (including consulting, outsourcing, and solutions) to our oem partners. under the sales arrangement, we receive an upfront contractual fee for professional services in connection with our software products sold to our oem partners. if we do not receive the contracted fee, we are not compensated for these services.
we receive upfront payments for the product purchases of certain of our oem partners in the form of equipment, software, or other products we have under license, which offset certain of our sales. these upfront payments are referred to as "upfront technology incentives" in our annual reports.