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SEC Filings

S-1
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form S-1 on 07/28/1999
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OUR SUCCESS DEPENDS IN LARGE PART ON OUR ABILITY TO SUCCESSFULLY OFFER NEW
PRODUCTS AND SERVICES AND TO KEEP PACE WITH ADVANCES IN TECHNOLOGY. IF WE ARE
UNABLE TO DO THIS, CONSUMERS MAY STOP USING OUR SERVICES AND OUR REVENUES WOULD
CONSEQUENTLY DECLINE.
 
     We are in the early stages of introducing new products and services such as
digital television, interactive video programming and high-speed Internet
access, and we are exploring opportunities in Internet protocol telephony. Our
inability to introduce in a timely manner, effectively market and sell these new
products and services, could have a material adverse effect on our ability to
compete, and consequently have a material adverse effect on our business,
financial condition and results of operations. We cannot assure you that we will
have sufficient funds to offer the new products and services necessary to
compete effectively, that these new products and services will be technically
feasible or, that once we accomplish our system upgrades or commence new product
and service offerings, there will be adequate demand for new products and
services. Technology in the cable television and telecommunications industry is
changing very rapidly and we cannot assure you that the technology we use or
will use in offering our products and services will not be rendered obsolete by
new and superior technology. In addition, many of the new products and services
that we intend to offer may also be offered by well established competitors that
have substantially greater financial resources and market presence than us.
 
              RISKS RELATED TO REGULATORY AND LEGISLATIVE MATTERS
 
OUR BUSINESS IS SUBJECT TO EXTENSIVE GOVERNMENTAL LEGISLATION AND REGULATION.
THE APPLICABLE LEGISLATION AND REGULATIONS, AND CHANGES TO THEM, COULD ADVERSELY
AFFECT OUR BUSINESS.
 
     Regulation of the cable industry has increased the administrative and
operational expenses and limited the revenues of cable systems. Cable operators
are subject to, among other things:
 
     - limited rate regulation;
 
     - requirements that, under specified circumstances, a cable system carry a
       local broadcast station or obtain consent to carry a local or distant
       broadcast station;
 
     - rules for franchise renewals and transfers; and
 
     - other requirements covering a variety of operational areas such as equal
       employment opportunity, technical standards and customer service
       requirements.
 
     Additionally, many aspects of these regulations are currently the subject
of judicial proceedings and administrative or legislative proposals. There are
also ongoing efforts to amend or expand the state and local regulation of some
of our cable systems, which may compound the regulatory risks we already face.
We expect further efforts of this type, but cannot predict whether any of the
states or localities in which we now operate will expand regulation of our cable
systems in the future or how they will do so.
 
WE MAY BE REQUIRED TO PROVIDE ACCESS TO OUR NETWORKS TO OTHER INTERNET SERVICE
PROVIDERS. THIS COULD SIGNIFICANTLY INCREASE OUR COMPETITION AND ADVERSELY
AFFECT THE UPGRADE OF OUR SYSTEMS OR OUR ABILITY TO PROVIDE NEW PRODUCTS AND
SERVICES.
 
     There are proposals before the U.S. Congress and the Federal Communications
Commission to require all cable operators, including us, to make a portion of
their cable systems' bandwidth available to other Internet service providers,
such as telephone companies. Certain local franchising authorities are
considering or have already approved such "open access" requirements. A federal
district court in Portland, Oregon, recently upheld the legality of an open
access requirement. This decision is currently under appeal. Recently, a number
of companies, including telephone companies and Internet service providers, have
requested local authorities and the Federal Communications Commission to require
cable operators to provide access to cable's broadband infrastructure so that
these companies may deliver Internet services directly to
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