comcast corp-class a (CMCSA) Key Developments
Comcast Launches Voice-Controlled Remote for Some of its Xfinity Customers
May 5 15
Comcast launched a voice-controlled TV remote for some of its Xfinity customers. Users can search for shows, channels, movies, their TV recordings and on demand programing with their voice. Customers can change the channel after they press a blue button on the remote. They can also set up a recording with their voice, search for movies based on popular quotes or ask "what's trending?" to see what TV shows are popular. Searching for shows or movies with a traditional remote can be difficult, and cable providers and streaming companies believe voice search will make it easier. Amazon.com Inc., for example, offers a voice search with its Fire TV streaming device. Roku, another streaming device seller, began offering voice search last month. The new remote works only with Comcast's X1 cable box. New customers will receive the voice-controlled remote when they sign up.
Comcast Corporation Expands Xfinity Home Business to Integrate Devices into Platform
May 5 15
Comcast Corporation announced that it will expand its Xfinity Home business by integrating new partner devices from August, Automatic, Cuff, Leeo, Lutron, Rachio, SkyBell and Whistle starting this summer, giving customers a single experience that connects and manages their home security and automation needs. Later this year, Comcast will release a Software Development Kit and a certification program that will make it easier for partners to work with Xfinity Home and provide customers more options to further personalize their smart homes. Comcast customers will soon be able to manage each new partner device through the Xfinity Home touchscreen or mobile app, the Xfinity Remote with voice control and the X1 Entertainment Operating System, giving users a unique and diverse range of control options.
Comcast Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
May 4 15
Comcast Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company announced revenue of $17,853 million compared to $17,408 million for the same period a year ago. Operating income was $3,890 million compared to $3,568 million for the same period a year ago. Income before income taxes was $3,402 million compared to $3,056 million for the same period a year ago. Net income attributable to the company was $2,059 million compared to $1,871 million for the same period a year ago. Diluted earnings per common share attributable to the company shareholders were $0.81 compared to $0.71 for the same period a year ago. Net cash provided by operating activities was $5,245 million compared to $4,486 million for the same period a year ago. Capital expenditures were $1,726 million compared to $1,448 million for the same period a year ago. Cash paid for intangible assets was $273 million compared to $217 million for the same period a year ago. Operating cash flow was $5,956 million against $5,538 million a year ago. Free cash flow increased 12.7% to $3.2 billion in the first quarter of 2015 compared to $2.8 billion in the first quarter of 2014, reflecting growth in consolidated operating cash flow and improvements in working capital, partially offset by higher capital expenditures.
Comcast Corporation Names Todd Meester as Enterprise Sales Director for Comcast Business in Twin Cities Region
Apr 29 15
Comcast announced Todd Meester as the new Enterprise Sales Director for Comcast Business in the Twin Cities Region. In his new role, Meester will lead the enterprise team in business-to-business sales to help meet the growing demand for reliable, affordable and scalable networked solutions for businesses of all sizes. Todd brings an extensive background in communications sales leadership to Comcast Business, specifically in the business-to-business space Meester comes to Comcast from ViaWest Inc. where he was regional vice president of sales and general manager of Midwest Markets.
Charter Reportedly Eyes Time Warner Cable
Apr 24 15
Charter Communications, Inc. (NasdaqGS:CHTR) is exploring a bid for Time Warner Cable Inc. (NYSE:TWC), according to people familiar with the matter. Charter could approach Time Warner Cable with a proposal soon, the people added. Time Warner Cable Chief Executive, Rob Marcus, declined to disclose what price Time Warner Cable would ask for in any approach from Charter. People close to Charter confirmed that they will have to come up with a better offer than what they presented to Time Warner Cable more than a year ago, given that Time Warner Cable’s operations have improved and both companies’ stock prices have climbed. Charter is unlikely to make a hostile bid, according to one of the people. Advisers for Charter have reached out to Time Warner to begin friendly talks on an acquisition after Comcast Corporation (NasdaqGS:CMCS.A) withdrew its bid for the company, people with knowledge of the matter said.