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Technology Stocks : Echostar Comm. -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Clutts who wrote (1268)	4/11/2000 9:29:00 AM
From: Stoctrash	Read Replies (1) \| Respond to of 1394

from SkyReport.com.... Wall Street Likes DISH/Gilat Deal EchoStar made a $50 million investment in Gilat-To-Home, the two-way broadband satellite venture that now includes the DBS powerhouse as well as Israel-based Gilat Satellite Networks and Microsoft. EchoStar said it will hold a 17.6 percent stake in Gilat-To-Home. The deal also follows EchoStar's $50 million investment in iSKY, another satellite-based broadband platform. In February, EchoStar and Gilat announced an agreement to jointly offer consumers two-way high-speed satellite Internet access along with EchoStar's DISH Network DBS service. The offering will be delivered to a single small dish. Under the new agreement, EchoStar will distribute the Gilat-To-Home broadband offering with DISH Network through more than 23,000 retailers. DISH Network customers will be able to purchase "always on" access to the Internet with an MSN-Gilat-To-Home co-branded portal. Wall Street voiced praise for the Gilat/DISH deal. William Kidd of C.E. Unterberg Towbin said the agreement "solidifies the relationship that until now was bound only by a 15-month period of exclusivity. EchoStar's equity investment is an obvious indication of the company's support of Gilat-To-Home." Vijay Jayant of Bear Stearns initiated coverage of Gilat Monday with a buy rating. He said Gilat-To-Home's first-to-market advantage will allow the service to target "approximately 30 million U.S. households where terrestrial-based two-way high-speed broadband networks are not likely to be