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Technology Stocks : Echostar Comm.

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To: Jeffrey B who wrote (329)	9/15/1997 8:31:00 PM
From: Jeffrey B	of 1394

To all....article from Skyreport.com EchoStar Fails To meet NASDAQ Criteria EchoStar Communications, through a filing with regulators last week, said it doesn't have at least $2 million in net tangible assets, a key criteria for having its stock listed on NASDAQ. However, NASDAQ will keep EchoStar's listing, according to both EchoStar and the market. EchoStar, through its filing with the Securities and Exchange Commission, said the violation over its net tangible assets were a result of depreciation of its satellites and other infrastructure assets. The company also said new debt financing led to the violation.

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