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Technology Stocks : Primestar/TCI Satellite (TSATA)

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To: Y-fall who wrote (278)2/26/1999 8:07:00 AM
From: BARRY ALLEN  Read Replies (1) of 442
 
* The shakeout in the satellite TV industry is about to take a new twist, with EchoStar Communications Corp. (Nasdaq:DISH - news) expected to counterbid against Huges Electronics Corp.'s leader DirecTV for at least part of PrimeStar Inc.'s (Nasdaq:TSATA - news) assets, Wall Street sources said Thursday. EchoStar is likely to bid about $600 million for PrimeStar's high-powered Tempo satellite license.
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