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

To: Stoctrash who wrote (1294)	6/15/2000 2:10:00 PM
From: Noel	Read Replies (1) \| Respond to of 1394

I have been having trouble with SI all day, or I would have posted this sooner. It sounds like William Kidd (of C.E. Unterberg Towbin) read my last post before he spoke (although it says he released his remarks Wednesday, I didn't get them until this morning): Bearish Opinion on DISH Goes Bullish One of the more bearish Wall Street voices on EchoStar has apparently become more of bull concerning the satellite stock. William Kidd of C.E. Unterberg Towbin created waves last year when he downgraded the DISH stock, a move he made while other analysts either kept buy ratings on the shares or upgraded their view on the company. On Wednesday, Kidd upgraded EchoStar to a buy, citing recent price weakness. "DISH shares have finally fallen back to actionable levels," Kidd said in a research note. Kidd noted that DISH shares have declined 29 percent year-to-date, underperforming the NASDAQ, which is down 7.4 percent for the same period. DISH shares are also off 57 percent from their late March high. He established a $46 year-end share price target on the EchoStar shares. In a separate research note, Kidd reiterated a strong buy recommendation on Pegasus Communications.