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  "docId": "019dd923-622b-71dc-a6dc-022165a95b3b",
  "docSlug": "b11f53a9759d",
  "documentTitle": "ADT Corporation (ADT)",
  "authorId": "11_Corvex",
  "authorName": "Keith Meister",
  "documentKindSlug": "conference-presentation",
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  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2012-10-24 00:00:00",
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  "pageNumber": 47,
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  "nDataPoints": 1,
  "notes": "This is an investor presentation slide from Corvex Management regarding ADT.",
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  "slideHref": "/slides/019dd923-622b-71dc-a6dc-022165a95b3b/47",
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      "kind": "callout",
      "text": "We believe cable threat is manageable, which is not necessarily a contrarian view",
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      "text": "We believe cable threat is manageable, which is not necessarily a contrarian view. Discussion of cable entering home security numerous times over the past 10-15 years, without results to date. Comcast is only cable company with a real home security product today (passes ~40% of homes in the U.S.). Other cablecos behind Comcast; 'science project' stage for some. Home security companies have watched Comcast's test markets and other test markets historically and not detected any impact. Home automation and advanced service offerings could change the opportunity for cable, but more likely to grow the overall market and threaten 'mom & pops' than negatively impact ADT.",
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      "kind": "title",
      "text": "Cable Entry / Threat",
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      "name": "David Goliath",
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      "bestFor": "Startups, disruptive innovation, competitive displacement",
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      "evidence": "Slides 42-49 address bear arguments and cable's relevance as a competitor.",
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