Adelphia Cable

Adelphia Cable "Adelphia is the nation's leading cable company with more than 3 million residential users nationwide.Adelphia offers digital cable TV, high-speed Internet connection, long distance telephone service, home security in addition to cable entertainment I am doing it. "(Adelphia). The company's leadership is currently comprised of 18 officers. There are officials in each of the five areas Adelphia covers. One of the following: Human Resources, Finance, Customer Service, Marketing, Programming, Media Services, Chief Accountant and Information Technology.

Top ethics is not good. Enron, WorldCom, Tyco International, Adelphia Cable, and ImClone are mere lists that began to engage in illicit accounting practices and began depriving company assets and other misconduct. The number of American political leaders has been convicted whether they are increasing almost every day. Looking for the root cause of these problems, Zogby International college elderly survey found that 97% said their research said they prepared them to take ethical behavior in the future . However, 73% of respondents said that the professor stated to them that it was not easy to achieve the unified standard of right and wrong, but relying on individual values ​​and cultural norms.

In a series of disclosures from March 2002 to June 2002, Adelphia Communications Corporation announced that it hid $ 2.6 billion in debt. At that time, Adelphia was the sixth largest cable operator in the United States. The Rigas family, which owns a controlling interest in Adelphia, also owns several other companies ("Rigas Entities") also engaged in cable television. The Rigas entity is managed by Adelphia. In addition, Adelphia subsidiaries and Rigas entities borrowed funds under a mutual loan agreement, so that all parties are jointly and jointly and personally responsible for borrowing, regardless of who deducted funds I will. In other words, the obligation is not as a contingent liability, but as an obligation of the Adelphia subsidiary (therefore as part of Adelphia's consolidated obligation).

Obviously, TiVo has a huge chances opportunity. What if the Comcast, Adelphia, Cox, and other major cable companies just distribute TiVo to customers? This is not a home run for TiVo and cable companies - will this new service allow customers to get many new revenue sources to guide customers? In addition, integrated with the cable box, the TiVo product itself will also be better. You sell the entire company to Comcast, but not selling the company, selling great products ... and others may have excellent products (or even worse) This product is based on Comcast's technology It was better appreciated by the team). In addition, if you are already trading with Comcast, Adelphia, Cox etc., Comcast will not evaluate the earnings of the previous Comcast (because it disappears after Comcast is acquired), independent assessment will be greatly reduced. (Rarely sold out)