Graham and Doddsville -- Value Investing In The New Era Message Board

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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era

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To: porcupine --''''> who wrote (1005)	11/18/1998 11:00:00 PM
From: porcupine --''''>	Read Replies (1) of 1722

Hughes sees 20 percent revenue growth NEW YORK, Nov 18 (Reuters) - Hughes Electronics Corp. sees near term revenue growth of about 20 percent, and 30 to 40 percent EBITDA growth, said chief financial officer Roxanne Austin. Hughes also expects to reach earnings per share of $3.00 within five years, Austin told investors and analysts at the Warburg Dillon Read Telecom Conference in New York. Hughes's investments in global DirectTV and satellite operator PanAmSat will be the biggest contributors to the company's overall earnings per share growth, Austin said. The DirectTV business continues to grow and see low churn, or customer turnover, of about 1 percent. Costs to acquire each DirectTV customer averages about $425, but the company gets about $45 in revenues per subscriber per month. DirectTV's gross margins are about 45 percent and the business should be break even in 1999, Austin said. (( -- Jessica Hall, New York Newsdesk 212-859-1700))

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