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Technology Stocks : Satellite Stocks - USSB, CQ, SPOT, QCOM, etc.
QCOM 180.88+2.0%Oct 31 3:59 PM EST

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To: Ken Conaway who wrote (131)10/2/1996 2:10:00 AM
From: Alan Norton   of 222
 
Re: USSB

My first trade was to get USSB with cash at 36. Sold at 27+. A hard
lesson indeed!

Here is my explanation for the recent downturn - one word - competition.
Echostar forced DirecTV to match the $199 deal. Unfortunately this means
increased short term red ink as USSB, Hughes and the manufactures of DSS
go for increased subscription base at the expense of short term earnings.

The street doesn't like red ink right now.

Short term I am bearish on USSB, but watch out when they reach critical
mass somewhere around 2 million customers.
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