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

To: Noel who wrote (508)	12/18/1997 9:00:00 AM
From: Noel	Read Replies (1) \| Respond to of 1394

It looks like at least one firm thinks the cash flow BE is 1.4M: C.E. Unterberg, Towbin Gives EchoStar A Buy Rating C.E. Unterberg, Towbin and analyst Rober Kaimowitz re-initiated coverage of EchoStar communications with a buy rating and a price target of $30-$35 over the next 12 to 18 months. "Our enthusiasm stems from the degree of success that EchoStar has been able to achieve in growing its core DBS business subscriber base," the firm said in a research brief. "We expect the company to reach the 1 million subscriber mark by year-end and add approximately 750,000 new subscribers in 1998." C.E. Unterberg, Towbin suggested EchoStar should become cash flow positive with just under 1.4 million subs in the second quarter of 1998. The firm went on to say that EchoStar has sufficient capital to fund operations without the need for additional debt. The company also said EchoStar will see 51.1 percent revenue growth for 1999 to $1.265 billion, 30.3 percent revenue growth for 2000 to $1.65 billion, and 16.7 percent top-line growth for 2001 to $1.9 billion. Subscriber counts should reach approximately 2.4 million in 1999, approximately 2.9 million in 2000, and approximately 3.3 million in 2001, C.E. Unterberg, Towbin said.