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Technology Stocks : Satellite Stocks - USSB, CQ, SPOT, QCOM, etc.
QCOM 172.72-4.4%Nov 4 3:59 PM EST

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To: Jay Yang who wrote (138)12/2/1996 7:23:00 PM
From: Noel   of 222
 
JAY:

Sorry to take so long to get back to you.

USSB is starting to look like a good long play. It probably is worth something between 16-18 based on its market cap and the value of its space assets. Although I was extremely negative about its prospects in the past (read when it was priced 25-35), the market has overreacted in its correction. I'm sniffing around it right now. If it moves above 14, I'll probably bite and look to bail after a $4 ride.

At the end of the day, their fate is tied to DIRECTV. The longer DIRECTV goes on buying subs @ $350-400 each, the better for USSB, since they get about every other one anyway.

Let me know what you do.

NPD
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