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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here -- Ignore unavailable to you. Want to Upgrade?

To: MikeM54321 who wrote (4494)	7/7/1999 5:20:00 PM
From: MikeM54321	Read Replies (1) \| Respond to of 12823

Re: Cable (MSO) Players Today Thread, Here's an interesting article that is a good summary of the current state of the MSO market. Lot's of name dropping so I thought I would post for reference. Ironically, the spending by the MSOs are good for last mile investors, but obviously bad (short term) for bottom line of the MSOs. MikeM(From Florida) ________________________ Cable Operators Seen In Line with Q2 Views Analyst says ramp-ups will slow down growth Jul 6, 1999 SAN FRANCISCO - Cable operators should generally be in line with most analysts' estimates in the second quarter, an analyst said. "I expect very few surprises," said Ted Henderson, an analyst at Janco Partners. The rollout and deployment of new video telephony and high-speed data services "is going to move along a little bit slower than what people are expecting," Henderson said. But the number of subscribers to digital, enhanced analog and pay-per-view services should continue to increase quickly, as operators prepare for video-on-demand services, which "are just around the corner," he added. Industry-wide, the cost of launch of new services will probably slow cash flow growth to "low single-digit" percentages, said Henderson. But the companies have guided analysts to appropriate adjustments in their forecasts, he added. Pure-play cable operators include: Comcast (CMCSK) Cablevision (CVC) Cox Communications (COX MediaOne (UMG) Century Communications (CTYA) TCA Cable (TCAT) Adelphia Communications (ADLAC) Jones Intercable (JOINA) Liberty Media (LMG.A) is a pure-play provider of programming content for cable. The industry is consolidating rapidly. AT&T has agreed to buy MediaOne, after having just acquired TCI last year. Cox is set to buy TCA Cable. Century is in a pact to acquire Adelphia. Comcast owns a majority of Jones Intercable, and may one day opt to buy the shares it doesn't already own. And this activity doesn't even include Paul Allen's privately held Charter Communications, which has been gobbling up medium-sized operators by the handful. Cash flow is a key yardstick for cable stocks, as frequent swaps and acquisitions tend to skew the bottom line. But no consensus forecasts were available from First Call. Earnings estimates from analysts who responded to First Call's survey are below. COMPANY JuneQ 1999 Est ---------------------- Comcast -1 cent Cablevision -$1.19 Cox -5 cents MediaOne -37 cents Century -31 cents Adelphia -$1.43 Jones Intercable -50 cents Liberty Media no consensus

To: MikeM54321 who wrote (4494)	11/2/1999 6:08:00 AM
From: MikeM54321	Respond to of 12823

Re: Cox Communication's Q3 CC Notes Thread, Just thought I would jot down a few notes of interest to Last Mile investors. The most important info is at the very bottom in bold. I linked this post to my previous comments on Cox. MikeM(From Florida) ************************ Cox rolling out calling services in Orange County Oct 21--Cable operator Cox Communications of Orange County, Calif., says it is launching local and long-distance telephone services geared toward businesses along its fiber-optic network in the area. Specifically, calling services will be made available from Newport Beach to San Clemente. Cox says it will undercut rates charged by the local incumbent by as much as 10 percent to 15 percent. _________________________ Cox approves Motorola termination system Oct 26--Motorola today said its CableLabs, DOCSIS-qualified, cable modem termination system has been approved by cable firm Cox Communications for deployment along Cox's networks nationwide. Cox will install Motorola's cable router at its cable modem headends __________________________ Cox Communications Announces Third Quarter Financial Results for 1999 ATLANTA--Oct. 27, 1999--Cox Communications, Inc today reported financial results for the three months ended September 30, 1999. ``The chief highlights of our third quarter were the strongest sales yet of our advanced communications services, continued financial growth, and the completion of the TCA Cable TV acquisition and our public debt and equity offerings,' said Jim Robbins, President and Chief Executive Officer. ``We have been successful in the initial deployment of our digital video, high-speed Internet and digital telephone services in our major markets and have now begun expanding them into our mid-sized markets. In all of these Cox markets, we are experiencing exciting customer acceptance of our full-service slate of broadband services. ``Also during the third quarter, we completed the TCA acquisition, growing by approximately 880,000 customers,' Robbins continued. ``We are delighted to be in these new markets and are already introducing Cox's strong commitment to communications technology, customer care and community service to our customers and potential customers in these areas. Additionally, we were very pleased with our recent debt and equity offerings, through which we secured over $3 billion toward the financing of this and our other pending acquisitions. ``In October, we closed another of our previously announced acquisitions, growing by another 260,000 customers through the purchase of Media General's properties in Northern Virginia,' Robbins said. ``In addition, we completed the reorganization of our partnership with Time Warner Cable, through which we have assumed controlling interest in the Fort Walton Beach, Florida cable system. We also are moving toward completion of the acquisitions of Multimedia Cablevision from Gannett Co. and the cable systems from AT&T, and expect to close both transactions early in 2000. As a result of these acquisitions, we will increase our customer base to more than 6 million and solidify our position as one of the nation's leading communications providers.' Data revenues for the third quarter of 1999 increased to $15.1 million from $5.9 million in 1998 due to growth in Cox's residential data service, Cox@Home. As of September 30, 1999, Cox@Home had 3,463,127 data ready homes passed and 140,474 customers. Telephony revenues for the third quarter of 1999 increased to $25.0 million from $9.6 million in 1998 due to growth in both residential and commercial telephony offerings. As of September 30, 1999, Cox's residential telephone offering had 1,027,424 telephony ready homes passed and 80,952 customers.