Comcast Portfolio Generates Net Gains.(Brief Article)(Statistical Data Included)
Multichannel News, March, 2000 by FARRELL, MIKE
Gains in digital cable and a new focus on high-speed Internet services helped to drive revenue and cash flow at Comcast Corp. for the fourth quarter of 1999 and the year.
But one of the major drivers of new wealth for the company is coming from an unlikely source -- venture-capital investments.
Comcast for the first time released detailed information on those investments, including some from Comcast Interactive Capital Group (CIC), a venture-capital fund that invests primarily in Internet start-ups. The returns opened some analysts' eyes.
Comcast has major investments in closely related cable and communications companies such as Excite@Home Corp. ($918 million), AT&T Corp. ($2.03 billion), Sprint Corp. ($4.2 billion) and the former...
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