No Return To Go-Go 1990s Seen
NEW YORK– Business conditions for the satellite industry are improving slowly, but the go-go times of the late 1990s will not return in the foreseeable future. This was the consensus of industry leaders meeting here this week at the annual SkyForum conference.
Joseph Wright, PanAmSat‘s [NYSE: SPOT] straight-talking CEO, did not sugarcoat his view that satellite operators must change the way they do business. The days when a satellite organization could launch a spacecraft and charge customers high prices to earn a comfortable return have vanished. Now, satellite operators need to be run as cost-conscious businesses, he said.
For more coverage of SkyForum, see the Nov. 3 issue of SATELLITE NEWS. For info on subscribing to PBI Media’s satellite publications, check out our Web site at http://www.satellitetoday.com .