Word: comcasts
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Facing pressure from shareholders and the strong pull of the inevitable, AT&T CEO Michael Armstrong said Wednesday that he would indeed be getting back to the table with Comcast to discuss the father-son Philadelphia cable empire's $58 billion ($44 billion plus $14 billion in debt assumption) bid to merge with AT&T's soon-to-be-spun-off cable division, ATT&T Broadband...
...Aside from the potential of a shiny new bauble in Comcast's hostile $44.5 billion bid for AT&T Broadband, Wall Street has very little reason not to continue cashing in its chips this week. Friday's hefty selloff occurred in a complete optimism vacuum - why buy when unemployment is up, when the dollar won't quit, and when there's naught but dire second-quarter profit warnings in the air? And the bargain-hunters, as a crowd, are a long way from feeling bold enough to rush...
...order our movies, our music, our TV shows, over an Internet that courses through our homes like running water. And in that infrastructure race among media companies to own as many pipes as possible, there are cable people - AOL Time Warner (owner of this reporter), AT&T, Comcast - there are DSL people (the Baby Bells), and there are satellite people, who want to beam everything down to you from...
...Score: Who's Rich Now?" we listed people who sold stock before the April dotcom market debacle [BUSINESS, May 1]. We incorrectly listed Julian A. Brodsky, a director of Internet Capital Group, as selling $327 million worth of indirectly held company shares. In fact, the shares were owned by Comcast ICG, a subsidiary of Comcast Corp., of which Brodsky is vice chairman, and all the proceeds of the sale went to Comcast, not to Brodsky himself...
Nevertheless, Armstrong handed out some consolation prizes to keep his rivals from hatching new plots. AT&T made Comcast happy by selling the company 2 million cable subscribers at the relatively low cost of about $4,550 per subscriber. That was in addition to the $1.5 billion breakup fee Comcast collected to walk away from the deal. (Comcast's strengthened position may come in handy later as Exhibit A when AT&T has to prove to regulators that it has not rebuilt the old Ma Bell monopoly.) AT&T sold to Microsoft--a company whose Internet strategy is looking increasingly...