$7k worth of Comcast stock at 1972 IPO would now be $6.2M [Comcast Roundup] - Technical.ly Philly

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Sep. 6, 2013 8:30 am

$7k worth of Comcast stock at 1972 IPO would now be $6.2M [Comcast Roundup]

"But the explosive appreciation in stock value, 18.1 percent a year with reinvested dividends and stock splits, is a good proxy for the relentless drive for revenue and profits at the Philadelphia company whose gleaming skyscraper dominates the city's skyline."

  • Why Comcast Could Surge 67% [Barron’s] “The traditional cable business is declining, but Comcast has managed to slow the loss of subscribers while signing up more people for its online and phone services, stealing market from the telecom companies even at a time when overall demand for traditional landlines is falling.”
  • Tennis Channel loses bid for new hearing in Comcast dispute [Los Angeles Times]
  • Sorry, Comcast and Verizon customers: RCN delivers faster Netflix [Ars Technica]
  • Comcast vision paying off [Philadelphia Inquirer] “$7,000 in ’72 IPO would now be $6.2M. […] But the explosive appreciation in stock value, 18.1 percent a year with reinvested dividends and stock splits, is a good proxy for the relentless drive for revenue and profits at the Philadelphia company whose gleaming skyscraper dominates the city’s skyline. Today, after years of aggregating cable systems, it’s one of the most influential companies in the TV and entertainment industries and poised to leverage its TV business onto the Internet.”
  • Comcast’s new X1 platform was built completely in the region [Technical.ly Philly] “The X1 team started out as group of 100 developers, which Kotay transferred from Center City to Radnor three years ago, when the company began working on the underlying technology and vision for X1.”
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Juliana Reyes

Juliana Reyes has been covering the Philadelphia tech scene since 2012. She's co-president of the Asian American Journalists Association Philadelphia chapter and a two-time Philadelphia News Award winner for "Community Reporting of the Year." The Bryn Mawr College grad lives in West Philly, likes her food spicy and wears jumpsuits often.

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