CABLE'S COOL AGAIN

HOW A VERY IMPORTANT INVESTOR REVALUED AN INDUSTRY

Well, the cable guy finally showed up. No, this is not about getting my house wired for 500 channels. It's about a heroic investor who plugs into the cable industry and single-handedly rescues one of the decade's most imperiled collections of stocks. Who is this new-age superhero? None other than Supergeek, a.k.a. the mild-mannered computer kingpin, Bill Gates, CEO of Microsoft. Last week, after Gates agreed to pump $1 billion into Comcast Corp., Wall Street revalued the entire industry upward by tens of billions of dollars. A buyers' panic rippled through the cable world, and the Standard & Poor's index of...

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