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Technology Stocks : Echostar Comm.

SATS 68.91

+2.5%

2:36 PM EST

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To: P.M.Freedman who wrote (815)	5/15/1998 12:49:00 PM
From: Fairways9	of 1394

P.M. Freedman, Your math seems to work but I would suggest that the growth rate will increase rather than stay the same. I predict 2 million by year-end. FYI - A friend of mine and DISH subscriber just got an offer from Dish to get a $50 rebate for referring a friend (limited to two referrals). These guys are getting very aggressive!! As long as the churn rate (sub disconnects) stays at 1% (as per the annual report I received yesterday) DISH is on track to be huge. I agree that the bottom line will be red for a while longer but at some point in the near future, the old subscribers will be providing enough funds for DISH to recoup the start-up costs of the new subs. Offering my friend a referral rebate limits his displeasure that he didn't get a programming credit when he signed up. It is DISH's way of keeping the older customers happy. I was one of Direct TV's early subs and haven't received anything from them for my 2+ year relationship. No programming credits, no NFL packages, or anything else. That is why I will switch from Direct TV to DISH very soon. Marc

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