"EchoStar -- $49.75 (Nasdaq: DISH)
If ever we saw news that could justifiably propel a stock 20 points higher, it was the news EchoStar released last Friday. In one sentence; Echostar announced that WebTV will now be available via satellite--as no phone line--as in no 56k modem slowdown. This could create an explosive opportunity for the company and for interactive video and content providers.
EchoStar's satellite broadcast will incorporate the best features of Internet sites with interactive multimedia, accessible by a click of the mouse -- or remote control. In addition to on-demand interactive multimedia, the service will offer the ability to download software, games and electronic publications ... to televisions and personal computers, all delivered through an 18-inch satellite dish." Where do we sign up?
As a side note; companies on the Watch List who could benefit from this speeding delivery of Internet access are America Interactive (AIME), Brilliant Digital (BDE), DynamicMedia.com (DIMG), MediaLink (MDLK), Playboy (PLA) and MediaX (MXMX). MediaX in particular has announced an agreement to be one of the primary providers of content to EchoStar. How the street, which has become so quick to pick up on significant news events, missed this one is beyond us. Internet Beneficiary. Paine Webber initiated coverage this week. 303-723-1000. Web-Site: echostar.com "
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