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Garmin Prospects Rise
Morgan Stanley raised fiscal-year 2005 estimated revenue forecast for Garmin [GRMN] to $900 million from $830 million and EPS (earnings per share) to $2.18 from $2.04 due to stronger than […]
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Orbital Sciences Beats ‘Doldrums’
Orders for commercial satellites are in the “doldrums” but Dulles, Va.-based Orbital Sciences [ORB] still managed to post favorable results for third-quarter 2004, according to a research note from William […]
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Goumy Wins Arthur C. Clarke Award
Claude Goumy, former chief executive of Matra Marconi Space, was honored with the Arthur C. Clarke Lifetime Achievement Award for his contributions to the development and exploitation of space in […]
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FCC Chairman Pushes Ad Limits
A consent decree issued last week by the Federal Communications Commission (FCC) Enforcement Bureau led FCC Chairman Michael Powell to draw attention to the responsibility of satellite-TV and cable-TV operators […]
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Ford’s Slow Start Left Sirius Smelling XM’s Fumes
Ford Motor Co. [F] was suffering through hefty losses and restructuring woes when rival General Motors [GM] initially invested in Washington-based XM Satellite Radio [XMSR] and pledged to fund a […]
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BT Claims Satellite Technology Breakthrough
BT hopes a new technology development could help companies maximize their use of satellite capacity. It has developed a satellite modulation technology, which it states can triple the capacity of […]
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At Press Time: EchoStar Misses Subscriber Estimate
An important avenue of new subscriber sales for EchoStar Communications [DISH] did not quite meet Wall Street expectations Friday. The satellite television service’s partnership with telecommunications services provider SBC Communications […]
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FCC Investigates TV Trigger Of Satellite Rescue System
The Federal Communications Commission (FCC) reportedly is looking into an incident in which a Toshiba television triggered an international search and rescue signal Oct. 4. The federal agency is looking […]
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SEC Asks Boeing For More Accounting Information
The Boeing Company [BA] says it is complying with a request from the U.S. Securities and Exchange Commission (SEC) to provide information in connection with an inquiry about its accounting […]
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Garmin Unveils Remote Sensor For In-flight Weather Information
Olathe, Kan.-based Garmin International Inc., a unit of Garmin Ltd. [GRMN], introduced the a new remote sensor that receives broadcast weather data from the satellite weather service of XM Satellite […]
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ONO Strengthens Competitive Position
ONO, the Spanish cable operator and one of the main competitors to DTH operator Digital+, completed the purchase of Retecal, the cable operator based in the region of Castilla y […]
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Foxtel Launches New Service
Australian DTH operator Foxtel launched a new service aimed at two million deaf and hearing-impaired Australians. These consumers will now have access to a wide range of subscription programming for […]
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Eumetsat Marks Next-Gen Satellite Launch With Contest
Eumetsat will be offering 15- and 16-year-old winners of a forthcoming contest a trip to next year’s launch of Meteosat-9, the next generation of Eumetsat’s geostationary meteorological satellite. This second-generation […]
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Satellite Deal Of The Day
Corus Entertainment Inc. inked a deal to take on an ownership interest in Canadian Satellite Radio (CSR), Satellite Today learned. Corus would provide content to CSR, assuming the satellite radio […]
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Quarterly Financials
Stratos Global Corp. reported net earnings for the third quarter ended Sept. 30 of $9.2 million, up from the net earnings of $7.1 million earned in the third quarter of […]
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Intelsat Shareholders Approve Proposed Acquisition by Zeus Holdings
Pembroke, Bermuda-based Intelsat announced that its shareholders approved the purchase of the company by Zeus Holdings Ltd. during the company’s annual general meeting held in Paris this week. Zeus Holdings […]
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Telenor Makes Profit on Intelsat Shares
Norwegian telco Telenor has announced that it will make a book profit of around $62 million from the sale of its four percent share in Intelsat. The deal will see […]
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ITV Gets Interactive
Leading UK broadcaster ITV is officially launching its ITV Interactive ITVi 24/7 service this week. While there previously have been interactive services on ITV1 and ITV2, this launch will increase […]
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Satellite Deal Of The Day
Bedminster, N.J.-based Loral Skynet signed an agreement with Hawaii Pacific Teleport (HPT), a provider of teleport services between North America and Asia, to use Loral’s recently launched Telstar 18 satellite. […]
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Quarterly Financials
Orbital Sciences Corp. [ORB] reported third quarter 2004 revenues to be $171.7 million, up 33 percent from the $128.6 million earned during the same period one year ago. Operating income […]
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XM Tries For Home Run With $650 Million Pact To Air Major League Baseball
XM Satellite Radio [XMSR] is taking a swing at enticing new subscribers through the American pastime by signing an 11-year, $650 million contract to air every Major League Baseball game […]
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DirecTV/News Corp. Deal Challenged
Satellite Today has learned that Darlene Investments LLC, which owns 14 percent of DirecTV‘s [DTV] Latin American operations, has filed suit in Miami-Dade Circuit Court in Florida to block the […]
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Loral Skynet, Remote Work Central Team Up For Telecommuters
Bedminster, N.J.-based Loral Skynet and Remote Work Central, a provider of telecommuting and teleworking solutions, agreed to provide secure telecommuting and remote access connectivity services to small and medium enterprises […]
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China Launches Weather Satellite
Satellite Today has learned that China yesterday successfully launched a meteorological satellite that will be used to monitor natural disasters. The No. 2 Fengyun C satellite was launched into orbit […]
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Frost & Sullivan Honors Lockheed Martin With Reliability Award
Frost & Sullivan has given its 2004 Satellite Reliability Award to Lockheed Martin [LMT] for the lowest rate of anomalies resulting in insurance claims per percentage of satellites in service […]
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NASA To Launch DART Later This Month
NASA late yesterday said its DART, or Demonstration of Autonomous Rendezvous Technology, spacecraft will launch from Vandenberg Air Force Base in California on Oct. 26 at 2:13 p.m. EDT. DART […]
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Satellite Deal Of The Day
Hughes Network Systems Inc. has inked a deal with Ukrainian-based information technology and telecommunications company Datasat to extend Datasat’s existing satellite business network. Under the contract, Hughes will supply Datasat […]
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C-Com Launches New Mobile High-bandwidth Service
Ottawa, Canada-based C-COM Satellite Systems Inc. [CMI], has teamed with fellow Ottawa company RAMTelecom to deliver high-speed, satellite- based mobile Internet services using the LinkStar equipment of Carlsbad, Calif.-based Viasat […]
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Best Month Ever For Sirius Subscriber Additions
Sirius Satellite Radio [SIRI] said today that it has surpassed the 700,000-subscriber mark and had its best month ever for new subscribers in September, with the addition of 69,000 subs. […]
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SBCA Files Comments With FCC About Blocking Violent Programs From Children
Alexandria, Va.-based Satellite Broadcasting and Communications Association (SBCA) filed comments last Friday with the FCC about the commission’s Notice of Inquiry (NOI) on violent television programming and its impact on […]