The Satellite News Financial Ticker

By | January 26, 2004 | Feature

Week of Jan. 16 – 22, 2004
Percentage Change
Symbol
Jan. 22 Price
One Week
One Month
Three Month
Year to Date
Operators
APT SATELLITE HLDGS ATS
2.79
(0.7)
18.2
24.0
17.2
ASIASAT TELECOM SAT
20.24
1.8
8.5
18.4
6.6
BRITISH SKY BROADCASTING BSY
56.12
0.6
12.5
27.5
10.2
ECHOSTAR COMM -CL A DISH
35.94
1.0
8.6
(8.7)
5.7
HUGHES ELEC (GM -CL H) GMH
17.31
2.7
8.3
11.1
4.6
LORAL SPACE & COMM LOR
1.05
141.4
208.8
156.1
233.3
NEWS CORP NWS
38.45
2.9
11.3
10.6
6.5
NEW SKIES SATELLITES NSK
7.02
(3.8)
4.8
19.2
(2.0)
PANAMSAT SPOT
21.80
6.5
5.5
11.3
1.1
PASIFIK SATELIT NUSANTARA PSNRY
0.20
2.6
290.0
5.4
290.0
PEGASUS COMMUNICATIONS PGTV
47.94
29.2
137.3
255.1
70.7
SES GLOBAL SESF.LU
7.98
2.2
5.6
4.3
(0.3)
SIRIUS SATELLITE RADIO SIRI
3.28
1.5
48.4
28.1
3.8
XM SATELLITE RADIO XMSR
26.79
0.3
17.5
36.4
1.9
Operators’ Average
100.00
13.4
56.1
42.8
46.4
Manufacturers
ANDREW ANDW
16.99
(0.2)
48.1
24.7
46.6
BALL BLL
58.81
1.9
(0.1)
8.1
(1.3)
BOEING BA
42.89
(0.5)
3.4
17.2
1.8
COM DEV INTL *CDV
3.25
9.8
22.6
22.6
12.8
EMS TECHNOLOGIES ELMG
24.12
(5.3)
25.6
29.2
17.4
GARMIN GRMN
56.44
(1.7)
2.6
26.0
3.6
GILAT SAT NETWORKS GILTF
6.80
19.7
34.9
52.8
39.1
GLOBECOM GCOM
5.78
11.8
12.2
39.3
21.7
HARRIS HRS
48.73
20.2
29.0
36.3
28.4
HONEYWELL HON
35.86
(0.9)
12.7
23.4
7.3
KVH KVHI
19.53
7.1
(33.5)
(27.9)
(29.2)
LOCKHEED MARTIN LMT
50.98
(1.0)
1.5
10.8
(0.8)
LUCENT TECHNOLOGIES LU
4.04
(0.8)
39.3
64.9
42.2
MOTOROLA MOT
16.70
2.1
26.3
24.4
19.3
NERA NERAY
2.35
(1.2)
16.4
5.3
13.3
ORBITAL SCIENCES ORB
13.26
(0.4)
6.8
35.9
10.3
QUALCOMM QCOM
57.11
(5.0)
11.9
26.0
5.9
RAYTHEON RTN
31.81
2.6
6.6
13.4
5.9
ROCKWELL COLLINS COL
32.29
(0.2)
10.4
20.2
7.5
SCIENTIFIC-ATLANTA SFA
33.41
1.0
25.4
(9.2)
22.4
SKY FRAMES SKYU
0.00
(99.7)
(99.8)
(99.0)
TITAN TTN
21.76
(0.1)
3.6
(0.2)
TRIMBLE NAVIGATION TRMB
41.24
0.9
21.3
70.8
10.7
VIASAT VSAT
23.48
(4.1)
24.0
19.8
22.7
Manufacturers’ Average
100.00
2.3
10.3
18.2
8.7
Nasdaq Composite Index
Nasdaq comp
2,119.01
0.4
8.6
9.2
5.8
SP 500 sp50
1,143.94
1.2
5.1
9.4
2.9
SN Stock Price Average
100.00
6.4
27.2
27.3
22.6

 

Wall Street Analysis

By Paul Dykewicz

Concerns that a discount pricing war could erode profits in the U.S. multichannel video sector were put to rest late last week when DirecTV announced price hikes that topped those from the previous week announced by rival EchoStar Communications [Nasdaq: DISH].

Since cable TV operators are notorious for boosting prices every year, the decision by both satellite TV service providers to raise their rates should enhance the profitability prospects for cable and satellite companies. Part of the price hikes will cover increased programming costs, but both companies should also benefit with additional revenues.

The price hike for DirecTV averages 4.5 percent across its various programming packages, according to a research report released Jan. 23 by Vijay Jayant, a satellite and cable analyst at Lehman Brothers. Those price increases are “significantly higher” than the 1.7 percent average price hike on EchoStar’s programming packages, he added.

Also notable is a new DirecTV promotional package that offers discounts on its least expensive option to entice new subscribers. DirecTV is the higher priced satellite TV service across the board; its new promotion is aimed at the low-end customers that generally go to EchoStar. DirecTV is offering its Total Choice programming for $29.99 per month for the first six months of service, before the price rises to the standard rate of $39.99 per month. Customers must agree to buy one year of programming and also purchase DirecTV equipment. The promotion competes directly with EchoStar’s bargain-basement $29.99 a month America’s Top 60 programming package. The increased aggressiveness by DirecTV follows closely on the heels of the acquisition of its parent Hughes Electronics [NYSE: HS] by News Corp [NYSE: NWS]. Watch for DirecTV to be more aggressive in the coming months in the areas of programming options, equipment, and service enhancements.

Paul Dykewicz is the senior editor and senior analyst of SATELLITE NEWS. He can be reached by e-mail pdykewicz@pbimedia.com at or by phone at 301/354-1769.

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