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"Comcast shares tumble as executive calls broadband 'intensely competitive'"
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"Comcast's CEO Dave Watson told investors that the company expects to lose more than 100,000 broadband subscribers in the fourth quarter, citing intense competition from wireless providers like Verizon and T-Mobile. The company has been experiencing a slump in cable broadband growth, with executives attributing the decline to the slowdown in home buying and selling, as well as increased competition. Despite this, Comcast's higher-end internet packages have remained stable. Watson noted that the company's third-quarter improvement was due to seasonality and marketing efforts surrounding the Summer Olympics."
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