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Discussion Starter · #1 ·
E* just put out this press release:

http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=dish&script=410&layout=-6&item_id=308321

EchoStar Communications Corp. (ticker: DISH, exchange: NASDAQ) News Release - 22-Jun-2002

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EchoStar VIII Launch Delayed

LITTLETON, Colo.--(BUSINESS WIRE)--June 22, 2002--The launch of EchoStar VIII, a high-powered direct broadcast satellite built for EchoStar Communications Corporation (Nasdaq:DISH) by Space Systems/Loral (SS/L) (NYSE:LOR), has been delayed.

During the final hours of the launch countdown on June 22nd, the complete functionality of a command receiver could not be confirmed.

The satellite was scheduled to launch from the Baikonur Cosmodrome in Kazakhstan aboard a Proton K/Block DM launch vehicle provided by International Launch Services (ILS). The launch will be rescheduled following the completion of further satellite testing and availability of the Baikonur launch base.

The launch delay will not result in any interruption to DISH Network's satellite service.

DISH Network is a trademark of EchoStar Communications Corporation. DISH Network is EchoStar's state-of-the-art direct broadcast satellite TV system that is capable of offering over 500 channels of digital video and CD-quality audio programming, as well as fully MPEG-2/DVB compliant hardware and installation. EchoStar is included in the Nasdaq-100 Index (NDX) which contains the largest non-financial companies on the Nasdaq Stock Market.

DISH Network currently serves over 7.16 million customers. For more information, visit www.dishnetwork.com.

Space Systems/Loral is a premier designer, manufacturer, and integrator of powerful satellites and satellite systems. SS/L also provides a range of related services, including mission control operations and procurement of launch services. Based in Palo Alto, Calif., the company has an international base of commercial and governmental customers whose applications include broadband digital communications, direct-to-home broadcast, defense communications, environmental monitoring, and air traffic control. SS/L is ISO 9001 certified. For more information, visit www.ssloral.com.

SS/L is a subsidiary of Loral Space & Communications (NYSE:LOR), a high technology company that concentrates primarily on satellite manufacturing and satellite-based services, including broadcast transponder leasing and value-added services, domestic and international corporate data networks, broadband data transmission, and Internet services. For more information, visit Loral's web site at www.loral.com.

--30--MRO/se*
 

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Discussion Starter · #2 ·
Is it just me, or are these a lot of words saying "It was delayed and we ain't telling you why or for how long"?
 

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They have a problem with the satellite itself. I am just glad they caught it here so they don't have to send the Maytag repair man to fix it after it is in orbit. :Dish
 
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