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The Satellite News Financial Ticker

By | August 30, 2004

      Week of August 20-26, 2004
      Percentage Change
      Symbol
      Aug. 26 Price
      One Week
      One Month
      Three Month
      Year to Date
      Operators
      APT SATELLITE HLDGS ATS
      1.41
      1.4
      (6.6)
      (20.8)
      (40.8)
      ASIASAT TELECOM SAT
      17.56
      (1.8)
      (0.7)
      13.3
      (7.5)
      BRITISH SKY BROADCASTING BSY
      35.53
      1.6
      (22.6)
      (21.3)
      (30.3)
      ECHOSTAR COMM -CL A DISH
      31.45
      1.9
      8.8
      (2.5)
      (7.5)
      THE DIRECTV GROUP DTV
      16.22
      (3.1)
      (3.3)
      (7.9)
      (2.0)
      LORAL SPACE & COMM LOR
      0.04
      30.0
      (51.3)
      (74.0)
      (87.6)
      NEWS CORP NWS
      31.00
      (3.6)
      (10.3)
      (15.0)
      (14.1)
      NEW SKIES SATELLITES NSK
      7.75
      0.3
      0.5
      (0.6)
      8.2
      PANAMSAT SPOT
      23.45
      0.9
      0.6
      8.8
      PASIFIK SATELIT NUSANTARA PSNRY
      0.22
      340.0
      PEGASUS COMMUNICATIONS PGTV
      21.98
      (3.0)
      (4.6)
      35.3
      (21.7)
      SES GLOBAL SESF.LU
      7.00
      0.9
      3.6
      (12.5)
      SIRIUS SATELLITE RADIO SIRI
      2.42
      12.0
      0.8
      (22.9)
      (23.4)
      XM SATELLITE RADIO XMSR
      27.66
      4.4
      11.2
      9.6
      5.2
      Operators’ Average
      100.00
      2.9
      (5.5)
      (7.3)
      8.2
      Manufacturers
      ANDREW ANDW
      11.35
      2.8
      (23.2)
      (40.9)
      (2.1)
      BALL BLL
      37.18
      (0.1)
      6.2
      12.8
      24.8
      BOEING BA
      52.07
      2.6
      10.6
      16.5
      23.6
      COM DEV INTL *CDV
      3.10
      8.4
      (2.2)
      31.9
      7.6
      EMS TECHNOLOGIES ELMG
      16.70
      (2.9)
      14.0
      (25.9)
      (18.7)
      GARMIN GRMN
      38.66
      2.0
      18.0
      12.6
      (29.0)
      GILAT SAT NETWORKS GILTF
      4.60
      11.4
      11.7
      (17.9)
      (5.9)
      GLOBECOM GCOM
      5.65
      (4.4)
      6.4
      (5.7)
      19.0
      HARRIS HRS
      47.35
      3.6
      4.1
      5.5
      24.8
      HONEYWELL HON
      36.35
      2.0
      0.2
      8.2
      8.7
      KVH KVHI
      7.66
      (0.3)
      (5.1)
      (39.8)
      (72.2)
      LOCKHEED MARTIN LMT
      53.25
      (1.1)
      0.1
      10.4
      3.6
      LUCENT TECHNOLOGIES LU
      3.20
      1.9
      (1.5)
      (1.8)
      12.7
      MOTOROLA MOT
      16.38
      4.9
      7.2
      (17.8)
      17.0
      ORBITAL SCIENCES ORB
      10.83
      10.3
      (10.6)
      (14.7)
      (9.9)
      QUALCOMM QCOM
      37.93
      5.3
      7.0
      13.4
      40.7
      RAYTHEON RTN
      34.30
      1.1
      5.9
      4.1
      14.2
      ROCKWELL COLLINS COL
      34.75
      2.8
      4.4
      17.2
      15.7
      SCIENTIFIC-ATLANTA SFA
      27.83
      (0.5)
      (5.8)
      (17.5)
      1.9
      SKY FRAMES SKYU
      0.10
      100.0
      TITAN TTN
      13.26
      6.2
      8.0
      (30.6)
      (39.2)
      TRIMBLE NAVIGATION TRMB
      27.03
      (1.2)
      24.6
      1.7
      8.9
      VIASAT VSAT
      20.18
      1.8
      14.9
      (14.5)
      5.4
      Manufacturers’ Average
      100.00
      2.5
      8.5
      (4.0)
      2.2
      Nasdaq Composite Index
      Nasdaq comp
      1,852.92
      1.2
      0.2
      (5.7)
      (7.5)
      SP 500 sp50
      1,105.09
      0.9
      1.7
      (0.7)
      (0.6)
      SN Stock Price Average
      100.00
      2.6
      3.2
      (5.3)
      4.5

      Wall Street Analysis

      By Paul Dykewicz

      The trend toward satellite TV service providers and telephone companies teaming to offer bundled “triple-threat” voice, video and data services took another step forward last week when Englewood, Colo.-based EchoStar Communications [DISH] announced a strategic relationship with Monroe, La.-based CenturyTel [CTL]. The alliance would let CenturyTel, a competitive local exchange carrier (CLEC), to offer its customers multi-channel digital TV as part of a packaged service in its 22-state marketing area. CenturyTel plans to begin offering the co-branded satellite TV service by year’s end, providing customers with a single bill for all the services.

      EchoStar already has a co-branded satellite TV service offered through SBC Communications [SBC], one of the country’s regional holding companies based in San Antonio, Texas.

      To further cement the relationship, CenturyTel, the eighth-largest local exchange carrier in the United States with 2.35 million access lines, will make a $25 million investment in EchoStar through a convertible note due August 2011.

      According to EchoStar Chairman and CEO Charlie Ergen, who spoke recently to analysts, a customer signed up through a partnership with a telephone company is about as valuable to his organization as one obtained directly from his dish dealers. It did not take long for him to follow up with a significant new alliance. The also deal was hailed as positive for EchoStar in a research note last Friday from Bob Peck, a satellite analyst at Bear Stearns.

      Because digital cable operators are able to offer bundled video, broadband and voice over IP (VoIP) services, telephone and satellite companies make natural partners to complement each other’s services and to compete head-to-head with cable. As CenturyTel Chairman and CEO Glen F. Post said last week, the agreement allows his company to compete with other service providers in its markets to drive additional revenue. The satellite TV product will be part of a bundle that may include local and long-distance telephone service, multiple feature offerings and dial-up or high-speed DSL Internet service. EchoStar’s stock price did not move much last week but the long-term implications of its partnerships with telephone companies are significant.

      Paul Dykewicz is senior editor and senior analyst of Satellite News. He can be reached at 301/354-1769 or at pdykewicz@accessintel.com.

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