Comcast Xfinity is still competing with Verizon FiOS, but friendship seems the parent companies' future. Last week's Verizon-Comcast-TimeWarner wireless-spectrum and joint-marketing agreement still has Wall Street in awe. Bernstein Research's Craig Moffett amplifies his initial reaction (indeed, his anticipation) in a report to clients today:
"When I was talking to (Comcast ceo) Brian Roberts last Friday, he was... talking about this in similar 'frenemy' terms (like) Google and Facebook, for example. And saying it’s not unusual for companies to compete in one sphere (for example) between Verizon FiOS and Comcast in those regions where FiOS exists."