Startups

$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.”
Companies: Comcast / Verizon
Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Donate to the Journalism Fund

Your support powers our independent journalism. Unlike most business-media outlets, we don’t have a paywall. Instead, we count on your personal and organizational contributions.

Trending

You've heard the term 'valuation' on 'Shark Tank.' What does it actually mean?

Does the Spark Therapeutics writedown undermine Philly’s biotech swagger?

Like electricity in the 20th century, broadband access is now an economic necessity

Want to be an entrepreneur but don’t have a business idea? There’s another way: acquisition

Technically Media