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


To: Roger Bodine who wrote (699)3/18/1998 8:55:00 AM
From: Noel  Respond to of 1394
 
Maybe this is why the stock is down...

EchoStar Bonds Trade Heavily On Debt Restructuring Speculation

Echostar Communications' bonds have traded heavily on rumors the company
would recapitalize a lot of its debt.

The company's 12.875% and 13.125% bonds were both up by about two points
last week. The 12.875% bonds, callable in 1999, were around 95 and traded
to a bid level at 96.5. The 13.125% bonds, which are callable in 2000 were
bid up from 88 to about 90.5 by the end of the week.

Sources said these issues are the most likely to be called if the company
elects to refinance.