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To: Richard Tsang who wrote (14565)	1/15/2000 12:42:00 AM
From: Dale Baker	Read Replies (2) \| Respond to of 118717

I cheated and grabbed some PNJA after hours. If it doesn't tank on Monday, could be a good runner. Too many stocks, so little time...... MGIC - 73, FORTY - 50. Gotta love it, MAGIC MAN!

To: Richard Tsang who wrote (14565)	1/15/2000 12:45:00 AM
From: Dale Baker	Respond to of 118717

Here is one reason I own NSATF and now some DISH (from 80 the other day): Cable TV dips on satellite's demand By Bloomberg News Special to CNET News.com January 14, 2000, 5:00 p.m. PT WASHINGTON--Satellite television companies, such as EchoStar Communications, are chipping away at the cable TV industry's dominance in the home TV subscription market, a new FCC report said. Cable's share of the market fell to 82 percent as of June 1999, down from 85 percent a year earlier. Satellite TV companies' share now represents 12.5 percent of the home TV subscription market. The satellite companies' share is expected to continue growing after passage of legislation in November that let the companies offer local TV programming, the FCC said. The satellite companies had said the inability to air local signals was the single biggest obstacle in competing with cable. ''I am encouraged by the growth of competition to cable,'' FCC Chairman William Kennard said in a statement. ''Competition is the best way to reduce cable rates for consumers.'' Still, he said more competition is needed, and that's why the FCC is working aggressively to implement the satellite TV legislation. Cable rates for the most popular packages of programming were deregulated last March, and Congress and the FCC are hoping that increased competition from satellite companies will keep rates in check. According to the FCC's new report, cable rates climbed 3.8 percent between June 1998 and June 1999 while the Consumer Price Index, which measures inflation, rose 2 percent. Cable companies attribute those price increases to increases in the cost of programming and costs associated with upgrading their networks to offer more channels and new services. In that same time period capital expenditures for upgrading their networks rose 13.2 percent and programming expenses increased by 16.3 percent, according to the FCC. Hughes Electronics' DirecTV, the largest U.S. satellite TV company, has more than 8 million customers and EchoStar has more than 3.4 million. Overall, 80.9 million households subscribed to a home TV service as of June 1999 compared with 76.6 million households in June 1998. Shares of Echostar rose $1.31 to $90.25 and Hughes Electronics shares rose $9.13 to $119.63 in trading today.