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To: Steve Lee who wrote (50169)7/2/2002 1:26:25 PM
From: cfimx  Read Replies (1) of 64865
 
This is from a very recent COMCAST presentation. This is where Brian Roberts talks about High Speed Internet. Read carefully and you will see the word MARGIN in there, meaning PROFIT. I ask you. how do you make margin, how do you make profit, when your COSTS are 3 times your revenue? btw, the conversion he is talking about is when Athome went dark.

Comcast:

Let us shift to high speed Internet. This is an even better story. We are only
at the 10% line, in digital we are at 30%. We get $40, now $45 a month, digital
is 10 to 15. We had quite a year and we are off to quite a start in Comcast
high speed Internet. First of all we averaged in the first quarter about 8000 a
week after we got started with the transition, which slowed us down. The 92,000
net add numbers are basically the same as we did last year but the second half
of the quarter and so far the beginning of the second quarter we believe has
continued to show tremendous demand for Comcast high speed Internet. At the
same time just to make it clear we added 4900 in January per week and 8000 for
the rest of the quarter. So it was somewhat held back by that conversion. We
believe that this product is just continuing to get better and better all the
time. In fact our revenue per customer has gone from 35 to 40 in year over
year, a significant margin improvement where it went from 10 to 15% margins to
25%. We believe we are just on the way because again that first quarter was
this transition from Excite At Home and Excite At Home obviously going bankrupt
was unexpected and allowed for a flurry of activity. We had to move a million
people over and do it with a minimum of disruption. I am pleased to say we
believe we are now offering a better
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