Archive: August 1998

When a company goes belly up or faces a major crisis, there’s no doubt that the press snags a role as a key audience because of its power in disseminating information. But when it comes… Continued

Proposed low-Earth-orbit (LEO) operators Globalstar and Iridium fell over 5% and 8%, respectively, versus a week ago. Globalstar and Iridium have slid 18% and 31%, respectively, during the past month due largely to Iridium’s satellite… Continued

EchoStar Communications Corp. [DISH] rode strong subscriber growth to reach $246 million in revenue for the second quarter ended June 30, a 149 percent increase compared with the same quarter a year ago. Earnings before… Continued

Primestar’s new CEO, Carl Vogel, moved quickly to restructure the company he began leading June 10 with his recent decision to cut 275 out of 2,200 corporate jobs. Three senior vice presidents are among the… Continued

DirecTv Inc. [GMH] and Thomson Multimedia will cooperate on the development and distribution of advanced direct broadcast satellite (DBS) receivers and digital television services. The joint effort is designed to upgrade DBS receiver technology for… Continued

ICO Global Communications (Holdings) Ltd. [ICOGF] added a further $690 million to its coffers through the sale of senior notes and an initial public stock offering (IPO), but the stock’s $12 price per share fell… Continued

Comsat Corp. [CQ] filed a lawsuit in the Circuit Court for Montgomery County, Md., against three former executives who recently left to join a competitor, Stratos Mobile Networks. The lawsuit alleges the former employees misappropriated… Continued

The direct broadcasting satellite (DBS) industry has a chance to further persuade consumers to make the switch from cable television, thanks to a range of new products that enable viewers to receive satellite TV while… Continued

Legislation aimed at blocking the proposed hike in satellite copyright fees was amended with five new provisions during a markup last Tuesday (8/4) before the House Judiciary Committee. Congressional sources predict the amendments will hurt… Continued

Satellite stocks proved to be more resilient than the rest of the stock market last week when the Dow Jones Industrial Average plunged 299.43 points Tuesday before recovering a small portion of its loss with… Continued