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Cable company views digital cable as 'launch pad' for broadband services
After a roller coaster ride on Wall. Street, Charter Communications Inc. is ending its first full year. as a publicly traded company with a stock price near it 52-week high.
Charter's stock closed at $22.625 a share Dec. 27, its second-highest close since Jan. 3--and 19 percent above its $19 a share price when it went public Nov. 9, 1999.
Its highest close was $26.3125. on Dec. 3, 1999. After that, the stock started a mostly downward trend, trading as low as $10 May 24. Then Charter's fortunes reversed, and the stock began slowly but steadily rising, going as high as $22.6875 …