Latest News
The Satellite News Financial Ticker
|
Week of Jan. 31 – Feb. 6, 2003
|
Percentage Change
|
|||||
|
|
Symbol
|
Feb. 6 Price
|
One Week
|
One Month
|
Three Month
|
Year to Date
|
|
Operators
|
||||||
| APT SATELLITE HLDGS | ATS |
1.56
|
(8.0)
|
(10.3)
|
3.3
|
(9.3)
|
| ARCOMS | BTRK |
0.03
|
–
|
–
|
(50.0)
|
–
|
| ASIASAT TELECOM | SAT |
12.40
|
2.9
|
4.2
|
2.1
|
8.9
|
| BRITISH SKY BROADCASTING | BSY |
37.10
|
(1.9)
|
(13.7)
|
(6.9)
|
(7.4)
|
| ECHOSTAR COMM -CL A | DISH |
25.34
|
0.3
|
6.0
|
22.2
|
13.8
|
| GENERAL ELECTRIC | GE |
22.89
|
(0.6)
|
(9.9)
|
(13.6)
|
(6.0)
|
| GILAT COMMUNICATIONS | GICOF |
0.10
|
(64.3)
|
(37.5)
|
17.6
|
(33.3)
|
| GLOBALSTAR TELECOM | GSTRF |
0.07
|
(9.3)
|
36.0
|
(47.7)
|
30.8
|
| HUGHES ELEC (GM -CL H) | GMH |
9.90
|
(2.0)
|
(12.0)
|
(4.9)
|
(7.5)
|
| IRIDIUM WORLD COMM | IRIDF |
0.11
|
–
|
(4.5)
|
(45.5)
|
(4.5)
|
| LORAL SPACE & COMM | LOR |
0.36
|
(30.8)
|
(18.2)
|
(25.0)
|
(16.3)
|
| NEWS CORP | NWS |
25.60
|
(4.9)
|
(6.9)
|
(0.2)
|
(2.5)
|
| NEW SKIES SATELLITES | NSK |
4.10
|
7.9
|
0.2
|
6.5
|
(1.2)
|
| PANAMSAT | SPOT |
13.16
|
(10.1)
|
(14.0)
|
(33.4)
|
(10.1)
|
| PASIFIK SATELIT NUSANTARA | PSNRY |
0.16
|
–
|
6.7
|
6.7
|
6.7
|
| PEGASUS COMMUNICATIONS | PGTV |
13.66
|
9.1
|
8.7
|
1.2
|
4.3
|
| SES GLOBAL | SES.LU |
4.70
|
0.9
|
(16.4)
|
(7.1)
|
(26.6)
|
| SIRIUS SATELLITE RADIO | SIRI |
0.86
|
(16.5)
|
43.3
|
(23.2)
|
34.4
|
| XM SATELLITE RADIO | XMSR |
4.00
|
(5.7)
|
43.4
|
6.1
|
48.7
|
| Average | (7.0) |
0.3
|
(10.1)
|
1.2
|
|
|
|
Manufacturers
|
||||||
| ANDREW | ANDW |
9.16
|
(5.1)
|
(13.8)
|
0.1
|
(10.9)
|
| BALL | BLL |
52.90
|
0.3
|
(0.3)
|
14.3
|
3.3
|
| BOEING | BA |
30.55
|
(0.2)
|
(10.6)
|
(3.1)
|
(7.4)
|
| COM DEV INTL | CDV |
0.96
|
(3.0)
|
(15.0)
|
(8.6)
|
(3.0)
|
| GILAT SAT NETWORKS | GILTF |
0.39
|
–
|
2.6
|
(18.8)
|
–
|
| GLOBECOM | GCOM |
3.51
|
7.2
|
(8.8)
|
(16.4)
|
(6.4)
|
| HARRIS | HRS |
30.12
|
(0.1)
|
11.8
|
12.8
|
14.5
|
| HONEYWELL | HON |
24.00
|
2.4
|
(3.0)
|
(6.9)
|
–
|
| KVH | KVHI |
10.98
|
2.4
|
20.7
|
37.4
|
27.7
|
| LOCKHEED MARTIN | LMT |
50.15
|
(0.7)
|
(14.6)
|
(6.5)
|
(13.2)
|
| LUCENT TECHNOLOGIES | LU |
1.51
|
(19.7)
|
4.1
|
23.8
|
19.8
|
| MOTOROLA | MOT |
7.73
|
(6.9)
|
(15.7)
|
(21.5)
|
(10.6)
|
| NERA | NERAY |
1.12
|
(0.5)
|
(2.8)
|
3.8
|
3.0
|
| NII NORSAT INTL | NSATF |
0.90
|
(1.1)
|
(11.8)
|
(10.9)
|
(9.5)
|
| ORBITAL SCIENCES | ORB |
5.34
|
(1.1)
|
24.2
|
45.1
|
26.5
|
| QUALCOMM | QCOM |
36.58
|
(3.8)
|
2.5
|
2.7
|
0.5
|
| RAYTHEON | RTN |
29.71
|
(0.5)
|
(6.0)
|
1.5
|
(3.4)
|
| ROCKWELL COLLINS | COL |
20.38
|
(0.4)
|
(13.0)
|
(9.5)
|
(12.4)
|
| SCIENTIFIC-ATLANTA | SFA |
12.02
|
3.2
|
(4.8)
|
(7.5)
|
1.3
|
| STM WIRELESS | STMI |
0.22
|
–
|
(24.1)
|
(42.1)
|
10.0
|
| TITAN | TTN |
11.10
|
(0.9)
|
5.4
|
(15.3)
|
6.7
|
| TRIMBLE NAVIGATION | TRMB |
16.04
|
(0.6)
|
19.8
|
26.1
|
28.4
|
| VIASAT | VSAT |
11.11
|
(1.8)
|
(7.2)
|
18.2
|
(3.7)
|
| Average | (1.3) |
(2.6)
|
0.8
|
2.7
|
|
|
| Nasdaq Composite Index | COMP |
1,301.73
|
(4.1)
|
(6.2)
|
(7.1)
|
(2.5)
|
| S & P 500 | SP50 |
838.15
|
(3.0)
|
(7.8)
|
(8.4)
|
(4.7)
|
| SN Stock Price Average | (3.9) |
(1.3)
|
(4.1)
|
2.0
|
|
|
Wall Street Analysis
By Tom Watts, SG Cowen Securities
One only had to watch Secretary of State Colin Powell’s presentation to the United Nations Security Council last Wednesday to see the value of satellite images. Investors soon may see that value, as well, and begin to put their money on the line.
A recent gush of government contracts has breathed new life into the imaging-satellite sector and may give certain companies the necessary momentum to reenter the financial markets in search of support.
Space Imaging’s $120 million contract from the National Imagery and Mapping Agency (NIMA) announced late last month, together with a similar contract from NIMA for Digital Globe, marked the most visible evidence of the sector’s resurgence.
ImageSat’s continued success in capturing contracts has pushed it into sustainability. Resource21 has found a robust market in civilian government applications and is competing for a major National Aeronautics and Space Administration (NASA) contract. The European RapidEye project is making solid progress.
Imaging companies previously had fallen out of favor and still need to show increased demand from the commercial marketplace. OrbImage is now preparing to emerge from bankruptcy protection in a restructured form as it prepares to launch a new satellite in the coming months.
We expect demand from defense, civilian and commercial applications to put imaging satellites back into investment consideration. The future of the imagery industry, especially in light of rising government demand, is brightening none too soon as the companies that provide those services seek to launch new, higher-resolution spacecraft. If the current trend of increasing demand stays on course, the outlook for the sector clearly seems bright.
Tom Watts is a managing director and satellite analyst at SG Cowen Securities. He can be reached by phone at 212/278-4260 or by e-mail at [email protected].
Get the latest Via Satellite news!
Subscribe Now