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Technology Stocks : Compaq

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To: Elwood P. Dowd who wrote (93505)10/29/2001 5:49:16 PM
From: Night Writer  Read Replies (1) of 97611
 
El,
Here is another deal WS questions.

EchoStar Must Convince Wall. St., Others

Oct 29 4:47pm ET

By Derek Caney and Tom Johnson

NEW YORK (Reuters) - One day after finalizing a stunning deal to buy Hughes Electronics Corp. and create the dominant U.S. satellite television provider, EchoStar Communications Corp. on Monday prepared for its next and perhaps even more daunting task: selling the deal to Wall Street and regulators.

The nearly $26 billion cash and stock deal, if approved, will create a U.S. pay television behemoth covering over 16.7 million subscribers or 17 percent of the U.S. market. EchoStar would dwarf its next closest competitor and have the kind of broadcast reach currently enjoyed by only the largest U.S. cable companies.
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