Saturday, April 26, 2003
Undervalued
The Philadelphia-based company, now the Portland area's dominant cable-TV provider after November's acquisition of AT&T Broadband, realized about 10 months ago that its high-speed Internet service was "undervalued" and began raising rates, said Dan Williams, a Comcast spokesman.
However, Comcast customers who buy both high-speed Internet service and cable TV will receive a monthly $10 "loyal customer" discount, according to letters mailed out last week. - OregonLive
So in order to "save" $10.00, you have to take on an additional $48.99 or more a month? Can you say information super-highway robbery? Comcast is the Ike Turner of utilities, pimp slapping its customers around in the name of loyalty. But they're the victim, their service is undervalued. Try telling your boss that you're undervalued and you are raising your salary, but he/she could save a few bucks off your monthly paycheck if he/she hires half your family. Comcast's stock is trading at $31.73 (as of 04.25.03), I'm sure they're feeling the burn. There's even an ad for their "service" within the article for those sympathetic souls wishing to boost the long suffering, undervalued corporate rapist's self esteem. I'm switching to DSL.
Labels: Portland
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