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Technology Stocks : Echostar Comm.
SATS 67.84-1.8%12:40 PM EST
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To: Carter Patterson who wrote (833)6/3/1998 2:12:00 AM
From: Satellite Mike   of 1394
 
I probably should've waited for a third generation
(high-definition) system myself, Carter. But even the
second generation systems seem superb to me. The fact
that DISH so quickly lost 25% of it's already so small
value looks like a major over-reaction to the Echo-IV
problem to me. Already DISH has over 50 per cent of
COX's (one of the biggest cable broadcasters). COX's
revenues are flat (hardly increasing), yet COX is valued
at 11.5 Billion dollars, whereas DISH is valued at 340
million. In the upcoming quarter, DISH will really
start to get cash-flow--they have a wonderful distribution
system.

MV BABER
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