  newviewEx .. Ex .. ExactlyPremium
join:2001-10-01
Parsonsburg, MD
kudos:1 | Comcast lie? Sounds like business as usual. | |
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 |  ChiyoSave Me Konata-ChanPremium
join:2003-02-20
Charlotte, NC
kudos:1 | Re: Comcast lie? lies and slander! Comcomcast is the most honest, trusting, friendly company...
So if they loose the next round of price increases won't be "local upgrades" it will be "court costs penalty reimbursement fee" | |
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|  MrMoodyFree range slavePremium
join:2002-09-03
Smithfield, NC | You can lie to anyone you want and get away with it, except investors.
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The public is a poor business manager. | |
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| | | | Re: Comcast lie? But this is going to send the stock price further in the tank....they're fighting their own money!
Theres alternative ways to deal w/Brian Roberts and cohorts without causing your own investment to plummet!
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Let's pluck 'im and see if he's ripe!"
- Larry (MEN IN BLACK, 1934) | |
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| | |  ropeguruPremium
join:2001-01-25
Mechanicsville, VA | Re: Comcast lie? said by S_engineer:But this is going to send the stock price further in the tank....they're fighting their own money! Theres alternative ways to deal w/Brian Roberts and cohorts without causing your own investment to plummet! If I were an investor I would be willing to take that chance. Should they just sit back and let these crooks lie to get rich? These investors are probably thinking long term and not short term. If they are lying now for quick stock sales in order to profit, how much worse is ti going to be later when these crooks turn out to be another Riggas family.
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FWD#: 223611 | |
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 DogfatherPremium
join:2007-12-26
Laguna Hills, CA
1 edit | Profit and loss is public record I'm anything but a Comcrap fan but damn, they're publicly traded and profit and loss is there for the world to see and they're giving tons of notice about future outlook. The fact that people don't do their research before buying a stock is their own fault, not Comcast's.
And their "big revisions" were changing their revenue growth estimate from 12% to 11%. Wow...how deceitful. Churn and bad debt are affecting other cable operators too and others like TW took their lumps as well. It's called a sluggish economy helped along by Verizon giving away HDTVs to everyone signing up for FiOS video.
But like all class actions, this will just cost Comcast (and their customers) a bunch of money, those suing will get some stupid coupons or soemthing and the greedy bloodsucking waste of skin lawyers get filthy rich. | |
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|  NOCManMacChatterPremium
join:2004-09-30
Colorado Springs, CO | Re: Profit and loss is public record This is not a class action lawsuit. The investors involved invested millions and the statments that they claim were misleading were provided to the SEC and through comcast investor confrence calls.
The CEO and other high ranking officials have publicly stated over the last year that telcoTV will not impact them and they've made similar statements in earnings calls and such.
This is not a case of "These forward looking statements blablabla". It's a case of deception at the highest levels of the company to hide the truth while a few individuals attempt to profit and hope that what they're hiding does not come out and bite them in the butt. | |
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| | DogfatherPremium
join:2007-12-26
Laguna Hills, CA
2 edits | Re: Profit and loss is public record »www.broadcastingcable.com/articl···257.html
quote:
Two class-action suits were slapped on Comcast this week accusing the company of issuing statements about performance that resulted in its stock being “artificially inflated†and “overvalued.â€
Comcast is taking more customers from telcos than telcos are taking customers from Comcast. Any downturn from Comcast is a reflection of a general downturn in the economy and all of the operators are seeing it.
This is just a few lawyers looking to class-action their way into riches at the expense of Comcast and its customers. | |
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|  Romney2012Defeat Obama 2012-Chg we can believe inPremium
join:2002-03-03
USA
kudos:4 | said by Dogfather:I'm anything but a Comcrap fan but damn, they're publicly traded and profit and loss is there for the world to see and they're giving tons of notice about future outlook. The fact that people don't do their research before buying a stock is their own fault, not Comcast's. And their "big revisions" were changing their revenue growth estimate from 12% to 11%. Wow...how deceitful. Churn and bad debt are affecting other cable operators too and others like TW took their lumps as well. It's called a sluggish economy helped along by Verizon giving away HDTVs to everyone signing up for FiOS video. But like all class actions, this will just cost Comcast (and their customers) a bunch of money, those suing will get some stupid coupons or soemthing and the greedy bloodsucking waste of skin lawyers get filthy rich. Yes, the only ones that make money on these kinds of lawsuits are the sleazy law firms that file them.
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Internet News
My BLOG
My Web Page | |
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| | | | Re: Profit and loss is public record Hate to say it but these are "institutional investors" not the average Joe. They will get their money just by filing eventually. Companies can't afford to piss off those investors that talk in circles Brian Roberts can't even get into. Institutional investors are huge and have old money and lots of influence, and the best of the best in lawyerworld. They'll have 100 grunts from Harvard figuring it out and a few showman to sell it to the jury.
I've seen people burn institutional investors and watched as their credit rates went up, banks wouldn't loan any more money, and country club's all the sudden say, "We don't think we like your sort." Comcast might be big but these rich people with lines to God could care less. Usually it is done without a lawsuit so Comcast pissed someone off real bad.
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Saving the world keeps me busy. However, I find Earth very primitive from my home planet of Krypton.
-Supergirl | |
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thumbs down from:
Romney2012 
| Getting what they deserve... Bad customer service, oversold network, undisclosed bandwidth limitations......This is only the beginning of the downfall of Comcast. | |
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|  RobIn Deo speramus, God Bless the USAPremium
join:2001-08-25
Kendall, FL
kudos:2 | Re: Getting what they deserve... said by Anonymister :
Bad customer service, oversold network, undisclosed bandwidth limitations......This is only the beginning of the downfall of Comcast.
They may not have look entirely pleasing to customers - but they are very very pleasing to their investors. | |
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| |  hopeflickerCapitalism breeds greedPremium
join:2003-04-03
Long Beach, CA
kudos:1 | Re: Getting what they deserve... said by Rob:said by Anonymister :
Bad customer service, oversold network, undisclosed bandwidth limitations......This is only the beginning of the downfall of Comcast.
They may not have look entirely pleasing to customers - but they are very very pleasing to their investors. And that's all that matters, unfortunately. 
In this case, customer is NOT #1, it's your investors.
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People pray to God because they're told to. | |
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| | | RobIn Deo speramus, God Bless the USAPremium
join:2001-08-25
Kendall, FL
kudos:2 | Re: Getting what they deserve... said by hopeflicker:said by Rob:said by Anonymister :
Bad customer service, oversold network, undisclosed bandwidth limitations......This is only the beginning of the downfall of Comcast.
They may not have look entirely pleasing to customers - but they are very very pleasing to their investors. And that's all that matters, unfortunately. In this case, customer is NOT #1, it's your investors. Yep. I don't agree with it, but I can't blame them. One of the cons of going public. | |
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| | | | | | Re: Getting what they deserve... This is pretty much business as usual for the bottom feeders that are called lawyers. There are law firms out there that go out and buy single shares of every publicly traded company they can get their hands on. Then when any excuse comes up, they file a class-action lawsuit on behalf of the investors. If they're sucessful, each investor will likely get a pittance, depending on their total investement. However, the law firm will rake in 1/3rd of the settlement. | |
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| | | | | RobIn Deo speramus, God Bless the USAPremium
join:2001-08-25
Kendall, FL
kudos:2
2 edits | Re: Getting what they deserve... Dup post! | |
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| | | | | RobIn Deo speramus, God Bless the USAPremium
join:2001-08-25
Kendall, FL
kudos:2 | said by jholdren:This is pretty much business as usual for the bottom feeders that are called lawyers. There are law firms out there that go out and buy single shares of every publicly traded company they can get their hands on. Then when any excuse comes up, they file a class-action lawsuit on behalf of the investors. If they're sucessful, each investor will likely get a pittance, depending on their total investement. However, the law firm will rake in 1/3rd of the settlement. YEP! I have personal experience of this when the President of my work bought shares of our own stock and a lawyer of a "shareholder" contacted us saying they were going to sue. We had 60 days to resolve the issue, so we did resolve it and sent the lawyer proof.
Well, he sent us a bill for $1500 because he had to "notify" us of the error. We did some checks on this lawyer, and he has done this more than once (he's notorious for this). We agreed on $500 and gave him the $500.
Bastard. | |
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| | | | | | hopeflickerCapitalism breeds greedPremium
join:2003-04-03
Long Beach, CA
kudos:1 | Re: Getting what they deserve... I've said it once, and I'll say it again. Captiolism isn't always such a good thing. It breeds bad things such as greed and illicits improper ethics.
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People pray to God because they're told to. | |
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| | | | | | | | | Re: Getting what they deserve... thats ok...what goes around comes around. Some mutt without insurance will ram his car and he/she will have to eat the expense....metaphorically speaking of course.
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Let's pluck 'im and see if he's ripe!"
- Larry (MEN IN BLACK, 1934) | |
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| | | | | | | | | As if such behavior doesn't occur in government, socialist, non-profit or regulatory systems? People make bad choices regardless of what economic or governmental systems exist. | |
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| | | | | | | bjbrock
join:2002-10-28
Mcalester, OK | that are good or bad.
Perhaps you would prefer communism. Believe me, there is plenty of greed and lies there as well. Even religion breeds greed. Look at the Pastors that have run away with church fund over the years.
Nothing is good or bad until people get involved.
Give me capitaism over any other "ism". | |
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| | | | | | | | I agree. Just about all public companies whose stock tanks usually attracts investor lawsuits, regardless of economic conditions or changes in the industry. This post by BBR isn't really meaningful news. If the investors actually win their case, then it's truly newsworthy. | |
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 PolarBear03The bear formerly known as aaron8301Premium
join:2005-01-03 | All I have to say is [Nelson Muntz] HA HA! [/Nelson Muntz] | |
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| | Who is Ourselves? I found the last statement in the link interesting:
Addressing the lawsuits, a Comcast spokesman said, “The suits have no merit and we will defend ourselves vigorously.”
But earlier in the article it appears the suits are filed against individual officers of the company. Do the shareholders now have to pay to defend these guys? I watched Dogma again last night. If these suits have any merit, then maybe a visit from Bartleby and Loki is in order. Unfortunately, in movies people usually get what's coming to them, in real life it seldom happens.
Even if it is proven that they fudged the numbers, the money lost by the many small shareholders will not return to it's rightful place. First rule of investing: avoid proven liars. Don't loan your money to people who can't even admit it when caught red-handed breaking the rules (filtering network traffic). | |
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| | it's not just comcast it's the economy, stupid. follow the money and then watch the money. only people playing with very large sums of money know what the state of money is before things go bad, otherwise there would be no such thing as crashes and enron, etc. these crooks know what's coming and they're diversifying and cashing out. the tech sector is next. msft, aapl, i'd sell that crap while you can before you can wipe your butt with it. this baby's going down for little nappy and all you arseclowns with play money are in for a bumpy ride. hahahah!!! euros and gold anyone? | |
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