Tom has done an amazing job of bringing this company to where it is today, ... We will continue to work closely with Tom as a board member and count on his continued wisdom as we grow the franchise. |
We achieved profitability for the first time this quarter, and we now are poised to drive broadband growth more aggressively than ever, |
We are as optimistic as ever about the accelerated adoption of broadband services by consumers, underlined by our strong year-end broadband subscriber growth, ... While content services remain a compelling element of our opportunity, it is critical that the cost structure of our media business correlate with the changing online media world. As we mature as a business and drive towards profitability, we continue to refine our core business. |
We are observing unprecedented levels of interest in and awareness of broadband services, and we are moving aggressively to capitalize on these trends. Our network build-out and our cable partners' plant upgrades have made excellent progress, as more than half of our North American cable footprint is now upgraded and marketable. |
We booked $21 million of advertising against that down payment in the first 12 days of selling, ... All of a sudden, the speculation that we overpaid went away. |
We have changed the focus of this company from the profit story to a growth story, |
We lack billing relationships. We lack credit-card relationships with our consumers, |
We were committed to continuing a high level of investment in marketing this quarter to the extent that we could maintain earnings per share and generate positive cash flow, and that is precisely what we did, |
We're changing the definition of content, ... A lot of people want broadband to offer more applications (rather than more entertainment). |
year of the broadband. |