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To: johnsto1 who wrote (97523)	5/14/2000 3:06:00 PM
From: Jenna	Respond to of 120523

GILTF..on my 'return to old portfolio list'.. GMH and GILTF. Although there is a patent war going on between these two, its the short term trader that could benefit. excerpted from: Satellite Today, May 14 The Consumer Market Beckons When it comes to generating ink, no one?s doing better than Gilat. Small wonder: the Israel-based manufacturer recently shook up the industry by creating Gilat-To-Home, the first two-way broadband Internet service aimed at consumers. Gilat-To-Home is a logical follow-on to Hughes? one-way DirecPC product. DirecPC proved that consumers would pay to download Internet data by satellite. Gilat-To-Home takes this one step further, by making the traffic two-way. This means no more telephone return lines, and no slow uploads for customers. In a world where the Internet is rapidly becoming king, and landline Web access still isn?t available to everyone, Gilat-To-Home makes good sense. As of yet Gilat-To-Home is in its trial phase, with service expected to be rolled out by the end of 2000. Still, the idea?s good enough to have attracted a $50 million investment from Microsoft, and a deal with Echostar?s Dish Network as well. In the Echostar deal, Gilat is supplying 24x36 inch oblong dishes that can handle two-way data transmissions and the Dish Network?s TV feed. When launched, Echostar will use its existing 20,000-retailer network to distribute the Gilat-To-Home product. To say the least, everyone?s happy with the arrangement. "Echostar?s agreement with Gilat-To-Home is a win-win for customers," says Charlie Ergen, Echostar?s chairman and CEO. "Gilat-To-Home addresses the need for a highly demanded, value-added service for Dish Network customers by combining high-speed Internet access along with the low prices and multiple entertainment television offerings from Dish Network, all onto a single, convenient dish." "We believe one of the most important aspects for the success of Gilat-To-Home is working with a DBS partner with a strong brand image and well-established distribution channels," adds Yoel Gat, Gilat Satellite Networks? chairman and CEO. "Echostar?s Dish Network holds the enviable position of being recognized for the highest level of customer satisfaction. Their reputation and market savvy will accelerate our effort to build market share with a bundled broadband and entertainment service." What about Hughes? Well, sources say the company is developing a two-way version of DirecPC, which should be introduced later this year. (Hughes recently got a $1.5 billion cash injection from AOL to help it along. The money will aid Hughes in developing the high-speed ISP service "AOL Plus over DirecPC," and development of DirecTV/AOL TV set-top boxes.)