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EchoStar XI Satellite Launches Successfully
www.twice.com | Jul 16, 2008
Long Beach, Calif. — Dish Network’s EchoStar XI satellite was successfully launched atop a Zenit-3SL rocket at 10:21 p.m. (PDT) Tuesday by the Sea Launch Company from its Odyssey ocean-based launch platform on the equator, the satellite TV provider said.
China brings one-legged mobile TV standard to Olympics
www.pldesignline.com | Jul 1, 2008
When Beijing Olympic Games start in August, China's much touted mobile TV broadcast service will have to crawl before it can walk. It's because satellite signal is missing from the initial implementation of the country's home-grown standard, designed to operate on satellite and terrestrial
http://www.pldesignline.com/208801972?cid=RSSfeed_programmablelogicdesignline_pldlRSS
Dish, EchoStar sue TiVo to keep their DVR offerings afloat
www.betanews.com | Jun 2, 2008
UPDATED Dish Network says their new software no longer infringes on TiVo's patents, but the DVR maker disagrees.
http://www.betanews.com/article/Dish_EchoStar_sue_TiVo_to_keep_their_DVR_offerings_afloat/1212420627
EchoStar, Dish Networks file suit against TiVo
www.cedmagazine.com | Jun 2, 2008
On Friday, Dish Network and EchoStar filed a lawsuit against TiVo that claims that Dish and EchoStar’s new DVR technology does not infringe on TiVo’s patent.
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TWICE eNews Daily
www.twice.com
Fountain Valley, Calif. — Flash-memory marketer Kingston Technology said it would ship its first high-capacity microSDHC card to dealers this month.
http://www.twice.com/eNewsletter/CA6482787/2402.html?q=photoshop+elements
GRADYS RADIO & SATELLITE TV
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Sea Launch Delivers EchoStar X Satellite to Orbit | WDD Asia - Wireless Design & Development
www.wirelessdesignasia.com
Sea Launch Company has successfully delivered the EchoStar X communications satellite to geosynchronous transfer orbit (GTO), and the early data indicate the spacecraft is in excellent condition.
http://www.wirelessdesignasia.com/article-1698-sealaunchdeliversechostarxsatellitetoorbit-Asia.html
Video Imaging DesignLine | Review: EchoStar DISH Network ViP 622 HDTV DVR
Within the past year, the other satellite company began offering stripped-down and featureless HD boxes. Happily, DISH Network takes the other road.
News from Zibb.com
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Sea Launch Successfully Delivers EchoStar XI to Orbit - Zibb.com
LONG BEACH, Calif., July 16, 2008 /PRNewswire via COMTEX/ --
Sea Launch Company has successfully launched the EchoStar XI broadcast satellite from its ocean-based platform on the Equator, marking its fourth successful mission of 2008 and its third mission for DISH Network.
A Zenit-3SL rocket lifted off at 10:21pm PDT on July 15 (5:21 GMT, July 16) from the Odyssey Launch Platform, positioned at 154 degrees West Longitude. One hour later, the Block DM-SL upper stage inserted the 5,511 kg (12,150 lb) EchoStar XI satellite into geosynchronous transfer orbit, on its way to a final orbital position at 110 degrees West Longitude. Operators at the Gnangara ground station in Perth, Australia, acquired the spacecraft's first signals from orbit shortly after spacecraft separation. All systems performed nominally throughout the mission.
"Congratulations to DISH Network, and to Space Systems/Loral for tonight's outstanding success," said Kjell Karlsen, president and general manager of Sea Launch. "We're proud of our role in DISH Network's continued success. We thank you for your continued trust and confidence in our system and our team. I also want to thank the Sea Launch team, the Sea Launch partners, and all the suppliers and contractors around the world who support us."
Built by Space Systems/Loral (SS/L), the EchoStar XI spacecraft is designed for an orbital service life of 15 years, with 20kW of power to support the expansion of DISH Network's capacity and capabilities to customers throughout the United States.
"For the third mission in a row, Sea Launch has successfully launched a satellite for DISH Network, and we are thrilled to add our eleventh high-power satellite to our fleet," said Rohan Zaveri, vice president of Space Programs for DISH Network. "We look forward to beginning testing and ultimately enhancing our already extensive, high quality programming lineup."
About Sea Launch Company
Sea Launch Company, LLC, headquartered in Long Beach, Calif., offers the most direct and cost-effective route to geostationary orbit for commercial communications satellites. With the advantage of a launch site on the Equator, the robust Zenit-3SL rocket can lift a heavier mass or provide longer life on orbit, offering best value plus optimized spacecraft orbital delivery. Sea Launch also offers launch services for medium weight satellites, Land Launch, which initiates missions from the Baikonur Space Center in Kazakhstan. For more information, please visit the Sea Launch website at: http://www.sea-launch.com
SOURCE Sea Launch Company
http://www.sea-launch.com
Tags: australia commercial communications contractors kazakhstan president programming satellite
EchoStar Reports First Quarter 2008 Financial Results - Zibb.com
ENGLEWOOD, Colo., May 13, 2008 (PrimeNewswire via COMTEX) --
EchoStar Corporation (Nasdaq:SATS), today reported total revenue of $555 million for the quarter ended March 31, 2008, a 23.9 percent increase compared with $448 million for the corresponding period in 2007.
EchoStar reported a net income of $5.7 million for the quarter ended March 31, 2008, compared with a net loss of $18.5 million during the corresponding period in 2007. Basic earnings per share were $.06 for the quarter ended March 31, 2008, compared with a basic loss per share of $.21 during the corresponding period in 2007.
Detailed financial data and other information are available in EchoStar's Form 10-Q for the quarterly period ended March 31, 2008, filed today with the Securities and Exchange Commission.
About EchoStar Corporation
EchoStar Corporation (Nasdaq:SATS) operates two primary businesses: equipment sales and digital broadcast operations and fixed satellite services. The equipment sales and digital broadcast operations business includes the Sling Media business, designs, develops and distributes set-top boxes and related products for direct-to-home satellite television service providers and includes a network of seven full-service digital broadcast centers and leased fiber optic capacity with points of presence in approximately 150 cities. The fixed satellite services business provides service on nine owned and leased in-orbit satellites and includes related FCC licenses. Visit www.echostar.com for more information.
EchoStar will host its First Quarter 2008 earnings conference call today at 1 p.m. ET. The dial-in number is (877) 500-5931.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: EchoStar Holding Corporation
EchoStar Corporation
Press:
Kathie Gonzalez
(720) 514-5351
press@echostar.com
Investor Relations:
Jason Kiser
(303) 723-2210
Jason.Kiser@echostar.com
Tags: business conference earnings financial results licenses media nasdaq products revenue sales satellite television
Companies: EchoStar Holding Corp (SATS)
DISH Network Places Upsized Offering of $750 Million in Senior Notes - Zibb.com
ENGLEWOOD, Colo., May 21, 2008 (PrimeNewswire via COMTEX) --
DISH Network Corporation (Nasdaq:DISH) today announced that its subsidiary, EchoStar DBS Corporation, has priced an offering of $750 million aggregate principal amount of senior debt securities. The debt securities will be issued as 7.75% Senior Notes due 2015. The offering was upsized from $500 million.
The sale of the Notes is expected to close on May 27, 2008, subject to customary conditions.
EchoStar DBS Corporation placed the Notes in a private transaction under Rule 144A and Regulation S under the Securities Act. The Notes have not been registered under the Securities Act of 1933, as amended, or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Except for historical information contained herein, the matters set forth in this press release are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in DISH Network Corporation's Disclosure Regarding Forward-Looking Statements included in its recent filings with the Securities and Exchange Commission, including its annual report on Form 10-K and its most recent quarterly report on Form 10-Q. The forward-looking statements speak only as of the date made, and DISH Network Corporation expressly disclaims any obligation to update these forward-looking statements.
About DISH Network Corporation
DISH Network Corporation (Nasdaq:DISH) serves more than 13.815 million satellite TV customers through its DISH Network, and is a leading U.S. provider of advanced digital television services. DISH Network's services include hundreds of video and audio channels, Interactive TV, HDTV, sports and international programming, together with professional installation and 24-hour customer service.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: DISH Network Corporation
EchoStar
Investor Relations
Jason Kiser
303-723-2210
jason.kiser@echostar.com
Media Relations
Kathie Gonzalez
720-514-5351
press@echostar.com
Tags: annual report nasdaq satellite securities sports tv video
Companies: EchoStar Communications Corp. (DISH)
Fitch Rates EchoStar DBS Corp.'s Notes 'BB-'; Stable Outlook - Zibb.com
CHICAGO, May 21, 2008 (BUSINESS WIRE) --
Fitch has assigned a 'BB-' rating to EchoStar DBS Corporation's (EDBS) $750 million offering of 7.75% senior unsecured notes due 2015. The notes were placed under the SEC rule 144A. EDBS is a wholly owned subsidiary of DISH Network Corporation (DISH, Issuer Default Rating of 'BB-'). Proceeds from the offering are expected to be used for general corporate purposes. The Rating Outlook is Stable.
Given the DISH's operating profile and credit-protection metrics, Fitch believes that the company's overall credit profile is strong within the rating category, providing the company substantial financial flexibility. Fitch believes that DISH's leverage can increase to a range between 3.5x to 3.75x and maintain its current ratings. DISH's leverage metric, calculated on a latest 12 month (LTM) basis, as of March 31, 2008 was 1.87 times (x) on a consolidated basis. Pro forma for the new debt issuance the company's leverage metric was 2.12x. The company has approximately $1.9 billion of senior unsecured debt and capital lease payments scheduled to be repaid during the next three years including a $1.0 billion maturity in October 2008. In addition the company's 3% Convertible Senior Subordinated Notes due 2010 ($500 million principal value) contains a provision that provides DISH the option to redeem the notes or may require the company to repurchase the notes at principal value during July 2008. Historically, EchoStar has enjoyed strong access to capital markets and Fitch assumes that the company will successfully refinance the 2008 maturities.
EchoStar's ratings reflect Fitch's opinion that the effects of growing competition and a slowing economy will weigh on EchoStar's operating results during 2008 and 2009 likely leading to lower gross additions, sluggish ARPU growth rates, higher subscriber churn rates, and higher subscriber acquisition costs.
Key to EchoStar's continued EBITDA and free cash flow growth is its ability to control subscriber churn. EchoStar reported subscriber churn increased to 1.68% (monthly) for the quarter ended March 31, 2008 reflecting an increase of 22 basis points relative to the same period last year. and 26 basis points sequentially. In addition to increased competition, the higher churn level is also attributable to higher non pay disconnects due to economic factors, decreased customer satisfaction resulting from operational inefficiencies, expiration of promotional discounts and theft. In Fitch's opinion, some of these factors such as higher non pay disconnects and decreased customer satisfaction, appear to be longer term fixes and churn may remain elevated for an extended period of time. Fitch is concerned that EchoStar will have to significantly increase its customer retention spending to regain control over subscriber churn, which will have a negative effect on EchoStar's EBITDA and free cash flow generation.
DISH, through wholly - owned subsidiary Frontier Wireless, LLC won 168 E Block licenses totaling nearly $712 million. While DISH has yet to articulate its wireless strategy, Fitch believes that the capital costs and execution risk associated with adding a wireless product to DISH's overall service offering will elevate the near term business risk attributable to DISH's credit profile. In Fitch's opinion the acquisition of wireless spectrum can position DISH to eventually offer a variety of wireless solutions including mobile video and possibly video on demand. Both of these potential solutions will serve to differentiate DISH's service offering and will strengthen DISH's competitive position among other multichannel video distributors.
The Stable Rating Outlook reflects Fitch's belief that subscriber metrics will improve as the company's high definition (HD) offering matches competitive offerings, as well as the positive EBITDA and free cash flow prospects, expected over the near term, balanced by the very competitive operating environment. Outside of the existing share repurchase authorization; Fitch views the use of cash for shareholder-friendly actions as an erosion of financial flexibility that could result in pressure on the ratings or an outlook revision. Additionally, Fitch has concerns related to the uncertainty surrounding the company's wireless strategy and the potential cash requirements to launch a wireless service.
Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site. The issuer did not participate in the rating process other than through the medium of its public disclosure.
SOURCE: Fitch Ratings
Fitch Ratings, Chicago David Peterson, +1-312-368-3177 Michael Weaver, +1-312-368-3156 Media Relations, New York Brian Bertsch, +1-212-908-0549
Tags: acquisition business corporate debt ebitda economy licenses rates video wireless
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