Comcast acquisition puts spotlight on Philadelphia. (Technology-Update).Philadelphia-based Comcast Comcast Corporation, (NASDAQ: CMCSA) is the largest[1] cable television (CATV) company and the second largest Internet service provider in the United States. Corporation's planned acquisition of AT&T's broadband broadband Term describing the radiation from a source that produces a broad, continuous spectrum of frequencies (contrasted with a laser, which produces a single frequency or very narrow range of frequencies). division - a move that will create the nation's largest cable company - highlights Greater Philadelphia's attractiveness as a business region and will greatly enhance its ability to attract more major companies, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Bill Stallkamp, managing director of Bellwether Bellwether A leading indicator of trends. Notes: A bellwether stock is a stock that is used to gauge the performance of the market in general. General Motors was an example of a bellwether stock, hence the saying "What's good for GM is good for America. Technology Partnership. "Just as anchor tenants play a key role in the success of shopping malls, the presence of major national companies is a leading factor in a region's ability to support, attract and retain top businesses," said Stallkamp. "Greater Philadelphia Philadelphia, ancient cities Philadelphia, name of several ancient cities. One was in Lydia, W Asia Minor (now W Turkey). At the foot of Mt. Tmolus and near the location of modern Alaşehir, it was founded in the 2d cent. B.C. has all the attributes of a leading business center - a skilled workforce, a world-class educational infrastructure, a high quality of life, a low cost of doing business and a diverse economy. Now it is the headquarters of one of the largest and most exciting companies in the country." According to published reports, the $72 million deal will give the new company, AT&T Comcast Corp., more than 22 million subscribers, nearly twice as many as Time Warner Cable This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. , its closest competitor. Greater Philadelphia, comprised of the City of Philadelphia and its suburbs extending from Wilmington, Del to Princeton, NJ, has emerged as a formidable technology region. It has one of the highest concentrations of academic institutions in the country, including a number of world-class colleges and universities. It is the headquarters of some of the world's leading technology companies, in a variety of fields including life sciences, information technology, software development, and e-business. It is a highly ranked center of research and development and home to numerous successful venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] . In addition, Greater Philadelphia boasts an outstanding quality of life, characterized char·ac·ter·ize tr.v. character·ized, character·iz·ing, character·iz·es 1. To describe the qualities or peculiarities of: characterized the warden as ruthless. 2. by its historical and cultural attractions, its vibrant Center City and its unique suburbs. At the same time, it has one of the lowest costs of living and doing business of any area its size. "Regions become known because of the advantages they offer to businesses and because of the nationallyknown businesses that make the region their home," continued Stallkamp. "Greater Philadelphia has long been the home to many leading companies, and Comcast's high level of visibility will give it a greater level of recognition for that fact - something that is certain to attract the interest of other companies as they consider their location decision."f |
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