Investor’s Business Daily has a follow-up on last week’s leak of a CableLabs report to The Wall Street Journal and trade publication ScreenPlays. As we wrote last week, the report postulates that Cable will have to significantly upgrade its networks to match the speed and capacity of fiber-to-the-premises (FTTP) deployments from the likes of Verizon. We thought the WSJ article made a much bigger deal about the report than was warranted. As IBD reports, that sentiment is widespread:

A report leaked last week that said cable companies might need another round of billion-dollar network upgrades has angered cable firms and forced the authors to backpedal. But it hasn’'t hurt cable stocks, and analysts seem unworried.

The report by CableLabs, a research consortium run by cable TV companies, said cable firms — under a “very speculative scenario” — might be forced to sharply spend more to keep up with the rapid growth of broadband video.....

The report also reportedly said cable firms should have enough bandwidth to deliver fast Internet access, more high-definition TV and phone call services “past 2010.” Cable TV companies — which fund Denver-based CableLabs — were mad the study was leaked. After the reports surfaced, CableLabs issued a statement stating: “The report shows that no major investment is needed for cable to compete with FTTP networks.”