Comcast Profit Falls in Spite of Customer Additions

[IGBT]

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NEW YORK ? Comcast Corp. (CMCSA) Thursday said fourth-quarter profit fell 69 percent on a drop in investment gains and a higher tax rate, even as it added high speed data and digital phone customers.

The big decline resulted from a drop in investment and other income and an increase in the effective tax rate, the company said. Investment and other income fell to $58 million in the 2005 quarter, from $553 million in the 2004 quarter.

 

[Queasy]

And they will be losing more profit when I happily leave them in the next week and a half...

 

[IGBT]

Originally posted by: Queasy
And they will be losing more profit when I happily leave them in the next week and a half...

..I suspect they are positioning themselves for yet another rate hike or two before the analog drop dead date.

 

[mzkhadir]

they were giving away too many discounts

 

[DVK916]

Originally posted by: IGBT

Originally posted by: Queasy
And they will be losing more profit when I happily leave them in the next week and a half...

..I suspect they are positioning themselves for yet another rate hike or two before the analog drop dead date.

The Analog drop will be a good thing for them, it will make it impossible for satalite providers to compete with them on a bandwith basis.

 

[ntdz]

Originally posted by: mzkhadir
they were giving away too many discounts

I think in the long run it'll pay off with the extra customer additions.

 

[JS80]

It's because everything I call to cancel they lower my cable bill.

 

[Queasy]

Originally posted by: DVK916

Originally posted by: IGBT

Originally posted by: Queasy
And they will be losing more profit when I happily leave them in the next week and a half...

..I suspect they are positioning themselves for yet another rate hike or two before the analog drop dead date.

The Analog drop will be a good thing for them, it will make it impossible for satalite providers to compete with them on a bandwith basis.

I dunno. DirecTV has already put up a pair of new satellites and will send up another pair in 2007. Once the most recent pair enters service, they will be broadcasting 500 local HD channels. The second pair will allow for another 1000 local HD channels and 150 national HD channels.

 

[acemcmac]

If my satalite experience in France is indicative of what satalite in the US is like, I'll NEVER use it. OTOH, comcast has the worst customer service of any company I have ever dealt with so I'd rather rely on DIVX for my entertainment.

 

[ironcrotch]

Comcast recently announced a rate hike, coming 2006, probably already happend, raising everyones cable bill by 7%.

 

[Queasy]

Originally posted by: acemcmac
If my satalite experience in France is indicative of what satalite in the US is like, I'll NEVER use it. OTOH, comcast has the worst customer service of any company I have ever dealt with so I'd rather rely on DIVX for my entertainment.

Actually, I've enjoyed DirecTV tremendously. The rates are reasonable and the only time I've experienced an outage is during storms that are so bad that my power will go out too. Plus DirecTivo just rocks.

I picked up Comcast 4 months ago to try out their internet service and have had nothing but problems. I've had my modem replaced twice, I've had the line to my house rerun, I've been on the phone with tech support repeatedly and I still experience drops, slower than advertised connections, stalls, etc. I'm going back to Bellsouth DSL. It may only be 1.5mbps down but it is stable as hell.