Cable360AM — News briefing for Friday, Jan. 4 »
Investors who dropped Comcast stock in the second half of 2007 made a mistake, according to Jean-Marie Eveillard, manager of the First Eagle Global Fund. Eveillard told Bloomberg that Comcast “is not going to disappear” and that despite competition from the telcos and regulatory threats from FCC chairman Kevin Martin, Comcast is worth $30 a share, which is far above yesterday’s closing price of $17.34. “We pay no attention to what happens in the short term,” Eveillard said.
Comcast topper Brian Roberts will likely make similar statements during his keynote address at the Consumer Electronics Show in Las Vegas next week. [Bloomberg]
Cox launched its on-demand HD service in Northern Virginia. Starz and Showtime subscribers who have HD sets and an HD receiver from Cox will have access to more than 20 high-definition movies at any given time at no extra charge.
Hewlett-Packard will be installing MediaSmart wireless Internet receivers in its high-definition TV sets. The receivers will enable HP set owners to access content from multiple personal computers in the home.
In CableFAX Daily: A look at what the appointment of James Assey to the No. 2 post at NCTA means for cable.
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