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

To: Noel who wrote (608)	2/9/1998 11:08:00 AM
From: John J. Thrall	Read Replies (1) \| Respond to of 1394

I agree that the space assets are very valuable (recall MCI's 650+ million bid for the last full continental orbital slot). I am worried about actual cash for operations. I am looking at this as a longer term investment (at least 1.5+ years till profitability), and am worried about how DISH will pay these growing interest payments while still going aggressively after new customers. Given the new Debt issue puts severe limitations on DISH's ability to issue more corporate paper, this can only mean MORE STOCK. It is the dillution I am worried about, and the share price that will accompany it. I am not making a direct comparison, but I watched SYQT (much worse management, bad cash position) go from 18m to 150m shares accounted in 15 months. This won't happen with DISH, but some share dilution needs to be factored in when considering the investment. Thanks for the reply, John