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Technology Stocks : Primestar/TCI Satellite (TSATA) -- Ignore unavailable to you. Want to Upgrade?


To: Snake who wrote (210)1/21/1999 7:22:00 PM
From: Y-fall  Respond to of 442
 
Well that's a bummer. I really thought this stock looked like a great buy. I'm getting out tomorrow AM to cover.



To: Snake who wrote (210)1/21/1999 10:34:00 PM
From: Andrew G.  Read Replies (1) | Respond to of 442
 
Business Week article tonight. Read "$1,200 A HEAD" :

businessweek.com

"All told, DirecTV would pay about $1,200 for each subscriber, far less than the $1,700 to $2,220 value implied in recent deals, analysts say. DirecTV is likely to get only about two-thirds of PrimeStar's subscriber base over a transition period lasting 18 months, sources say. Echostar, which already offers retailers a "bounty" of more than $200 for each PrimeStar subscriber conversion, is likely to get the rest, analysts say. Still, "this deal will enhance DirecTV's critical mass and is a winner for PrimeStar, too," says analyst Jimmy Schaeffler of Carmel Group, a market researcher. "