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I have a Cable Internet (Assigned IP etc) to connect to internet and I want to connect another computer to same line of cable as well. Both in Same room. Any suggestion, affordable solution please?

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A common approach is to get a wifi or ethernet router.

Connect this device to the cable internet device, then connect your computer to the wifi/ethernet router.

Take a look at http://compnetworking.about.com/cs/homenetworking/a/homenetguide.htm

  • Ethernet Router! gotcha...gotta go to buy one. :) – Jasmine Appelblad May 11 '10 at 18:47
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    I'd recommend a combined ethernet/wifi router. – bryan May 11 '10 at 18:50
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I recommend buying a Linksys WRT120N, this one is less than 50US$. There are other brands that are even less expensive, but I prefer Linksys.

There is one port for the connection to the cable modem, and there are 4 ports for computers (alternatively you can connect other computers via wireless)

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