EchoStar Reports First-Quarter 2002 Results

[Richard King]

http://biz.yahoo.com/bw/020502/20026_1.html

Added 335,000 new subs for the qtr. Lost .20 per share. Operating income = $95 Million

[Adam Richey]

That's not too bad. Keep that up, they can add things like G4 and Trio and National Geographic. :)

[TNGTony]

Compare that to the Hughes/DirecTV quarterly report and you can see why Dish is trying to buy DirecTV and not the other way around!

See ya
Tony

[lee635]

What is the story with D numbers. They were restated or whatever.

Can someone post the D* revised number and percentage increase to compare to the E number and percentage increase? Are there cable numbers adn percentage increases as well so we can see the whole picture???? Also, how many subs did poor old c band lose? They're selling 4dtv sidecars at cost and still the bleeding won't stop....

[RichW]

DirecTV's number were restated to eliminate the counting of people who had not activated a subscription yet. With the collapse of Enron and the shenanigans of Qwest and Global Crossing, you will see financial reports becoming more conservative as to stating income and other positive results. The accounitng firms who audit quarterly and annual statements are no longer giveng just a "rubber stamp" to these results but are forcing many companies to restate income, earnings, etc without inflating the numbers. Notice that Echostar's positive EBITDA had less emphasis this quarter and the loss per share was prominantly stated.