The Satellite News Financial Ticker
| 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 [email protected].