rStar [Nasdaq: RSTRC], a Sunrise, Fla.- based provider of satellite based communications technology and services in Latin America, has appointed Oren Most, CEO of Gilat Satellite Networks [Nasdaq: GILTF], to be its new chairman. Most joins rStar from Cellcom, an Israeli-based cellular phone company, where he served as deputy CEO and head of the customers division.

rStar also reported revenue of $6.6 million in the first quarter of 2003, compared to $10.6 million in the same period last year. The company said the revenue short fall was due to a decrease in revenues in equipment and technology sales of approximately $4.2 million, offset by an increase in services revenues of approximately $0.2 million.

On the positive side, the company was able to trim its net loss for the quarter. It reported a net loss of $1.6 million, or 1 cent per share, compared to a net loss of $4.1 million, or 4 cents a share, for the same period in 2002. The company said the reduction in net loss was due primarily to cost cutting related to the implementation of aggressive cost savings measures and plans that included internal restructuring reductions and other cost savings measures.