Comcast cable communications and the electronic retailing industries are experiencing increased competition and rapid technological changes. Comcasts future results and operations will be affected by their ability to react to changes in the competitive environment, as well as, their ability to implement new technologies. Comcast also believes that their competition and technological changes will not have a significant impact on their ability to obtain financing.
Comcast also has several factors that may affect future operations. Comcast has acquired and anticipates acquiring cable communications systems in new communities in which they do not have established relationships with the franchising authority, community leaders and cable subscribers. Further, a substantial number of their new employees are being and must continue to be integrated into their business practices and operations. Comcasts results of their operations may be significantly affected by their ability to efficiently manage changes. .
Comcasts Task Environment and their immediate business may be affected by, among other things: Changes in laws and regulations, changes in the competitive environment, chages in technology, industry consolidation and mergers, franchise related matters, market conditions that may adversely affect the availability of debt and equity financing for working capital, capital expenditures or other purposes, demand for the programming content they distribute or the willingness of other video program distributors to carry comcasts content and general economic conditions.
Comcast is principally involved in three lines of business:.
Cable - through the development, management and operations of broad band communications networks,.
Commerce - through QVC, Comcast's electronic retailing subsidares, and.
Content - through our consolidated Comcast Spectacor, Comcast Sports Net and E! Entertainment Television, and through other programming investments, including the Golf Channel, Speedvision, and Outdoor Life.