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Technology Stocks : Harmonic Lightwaves (HLIT)
HLIT 10.02-1.6%Nov 7 9:30 AM EST

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To: michael_pdx who wrote (3997)2/15/2001 5:11:04 PM
From: VidiVici  Read Replies (1) of 4134
 
Charter cash flow up, faster cable growth seen
By Derek Caney

Thursday February 15, 4:41 pm Eastern Time

NEW YORK, Feb 15 (Reuters) - No. 4 U.S. cable TV company Charter Communications Inc. (NasdaqNM:CHTR - news) on Thursday reported a nearly 30 percent rise in fourth-quarter cash flow, a widely watched indicator for media companies, saying it expects faster growth at its cable business this year.

.......

Charter said it also expects basic customer growth to exceed 2 percent in 2001, compared with 2.5 percent growth in 2000. It expects to end 2001 with 2 million digital cable customers, compared with 1.1 million a year earlier. Digital cable allows cable television signals to be compressed allowing more channels.

Charter also expects to nearly double its high-speed internet access customers to 500,000 by year-end.

.......

biz.yahoo.com
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