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Technology Stocks : Primestar/TCI Satellite (TSATA)
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To: EPS who wrote (75)9/15/1998 5:12:00 PM
From: EPS  Read Replies (1) of 442
 
September 14, 1998

Analysts Still Like Dish Net

New York -- EchoStar Communications Corp.
remained the consensus pick among stock analysts at
the annual SkyForum panel of Wall Street
prognosticators.

EchoStar was the top pick by four of the six analysts
who participated.

Ted Henderson of Janco Partners chose TCI
Satellite Entertainment Inc. (TSAT), which owns
about 37 percent of PrimeStar Inc.'s equity, figuring
that the battered stock had a chance to rise from $4
per share to $8 this year if PrimeStar succeeds in
shifting to high-power direct-broadcast satellite
service.

Robert Kaimowitz of ING Baring Furman Selz LLC
picked General Motors Corp.'s Hughes Electronics
Corp., which owns DirecTv Inc., because of its
market leadership in DBS and other core businesses.

Bear Stearns & Co.'s Vijay Jayant picked EchoStar
because it has raised enough money; it has pared its
subscriber-acquisition costs to an industry-low $325
per customer; and it has enough cash-flow potential to
keep leverage in check.

"From a fundamental standpoint, all pistons are firing,"
he said.

Others endorsing EchoStar were Lou Kerner of
Goldman Sachs & Co., Marc Nabi of Morgan Stanley
Dean Witter and Thomas Watts of Merrill Lynch &
Co.
multichannel.com
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