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Technology Stocks : Norsat Intl (Nasdaq:NSAT)value and growth in Wireless
NSAT 11.500.0%Jul 20 5:00 PM EST

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To: David Smith who wrote (37)11/8/1999 5:42:00 PM
From: Mr. Miller  Read Replies (1) of 397
 
"U.S. lawmakers reach accord on satellite TV reform"

Ending the day on the high is a bullish move for the next trading day. Small institutions seem to be taking their places for the long haul, or is it large institutions? Margin territory is right around the corner, not to mention all-time highs.

Of course this should help tomorrow and beyond. HUGE IMPACT is an understatement:

biz.yahoo.com

Monday November 8, 5:28 pm Eastern Time

U.S. lawmakers reach accord on satellite TV reform

WASHINGTON, Nov 8 (Reuters) - Lawmakers from the House of Representatives and Senate on Monday reached agreement on legislation to boost satellite television services by allowing them to carry programming from local TV stations.

Negotiators reached agreement after several last-minute changes were made at the behest of consumer groups and the two major satellite firms, Echostar Communications Corp. (NasdaqNM:DISH - news) and Hughes Electronics Corp.'s (NYSE:GMH - news) DirecTV.

Under the compromise reached Monday, and expected to be approved by both the full House and Senate in a few days, satellite TV firms will have six months to get permission from local TV stations before carrying their programming.

House Commerce Committee chairman Thomas Bliley said the bill would help boost satellite TV services as a competitor to land-based cable operators.

``Competition will result in more choice and cost savings for American consumers,' the Virginia Republican said in a statement.

Miller
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