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Technology Stocks : Echostar Comm.

SATS 67.44

-3.7%

Nov 14 3:59 PM EST

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To: Frank Byers who wrote (436)	10/28/1997 1:06:00 AM
From: Frank Byers	Read Replies (2) of 1394

From todays Motley Fool evening news: Satellite company ECHOSTAR COMMUNICATIONS CORP. (Nasdaq:DISH - news) dropped out of orbit $2 to $21 after an unfavorable U.S. Copyright Office ruling that the amount satellite companies would have to pay to broadcast network television would quadruple.. So this affects only the broadcast channels, not ALL content as my earlier post sort of implied. Unfortunately, the Echostar III satellite just successully launched was mainly intended to give extra channel capacity so that more local broadcast channels could be carried over the Dish network. This is not good news at all. Maybe let this settle out for a few days and buy back in, I just don't know. I have a feeling that no-earning, small cap stocks like DISH are going to be at the end of the cattle trough of any money that may come back into the market if the market gets any buying pressure tomorrow. We'll see I guess. all the best FB p.s. I have a Dish and I really like it.

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