This article is about Comcast discounting their initial rate to have cable set up. The company is based in Philly said they are splitting their stock 3 for 2 on Feb 21st. The net income totaled to 390 million or 18 cents a share and the year before it was 133 million or 6 cents a share. Then stock in Comcast fell $1.37 to $42.92 a share. Comcast projects revenue from its cable, Internet and phone business to increase by at least 12 percent this year compared to 2006. He said that the bundle packaged that they offered which was $99 a month for Internet and TV drove the business and expects it to only get better in 2007. the number of digital subscribers rose by 613,000 up from a year ago ending the year at 12.7 million. Comcast now serves 11.5 million broadband Internet customers.
I think that Comcast is doing very well, and advertising wisely. They always have ads in the paper, and on TV for the deals that they have for comcast. In that sense they are doing well. Now most of their ads show up on TV and attracts to the viewers that may not have cable Internet or DSL cable Internet. I know that a lot of people are hesitant to get cable Internet because it turns out eventually to be really expensive. My family has comcast, and we have cable Internet, and pay for the cable and Internet together. When we first got it about 4 years ago it started out expensive but then after they got some deals out we switched over to the better one, and then pay a flat rate a month. I am not saying that it is still not expensive either way but at least that it is cheaper than before. I believe that them advertising helps the business more and even if they have deals like free people installing it in their homes attracts new customers. Comcast is the major network provider here in Jacksonville. I think that one day another service provider is going to come and give them some major competition or they may already have some.
this article can be found here