US Dept. of Justice Sues To Block EchoStar-Hughes Merger
Sirius Increases Distribution Through Asbury Automotive
Powell Gives Merger Small Chance of Happening
Orbital Ships NASA Science Satellite to Launch Site
Bell ExpressVu Grows Subscriber Base 31% Over Last Year
Orbital Signs Contract for PT Telekomunikasi Indonesia
Bell ExpressVu Installed in Every Home in Edison Lane Development
Comcast Posts Strong Growth in Broadband Subs in 3Q
Despite concessions by EchoStar to make its planned merger with Hughes more palatable, the US DOJ filed a lawsuit Thursday to block the move.
Asbury Automotive Group will offer the Sirius Satellite Radio service through its nationwide network of automotive dealers, encompassing 128 franchises at 91 dealer locations, Sirius announced. Asbury Automotive handles 36 vehicle brands including Toyota, Honda, Chevrolet, Ford, and BMW. Audiovox will distribute the Sirius Satellite Radio systems to car dealers nationwide.
"We thought the public interest risks were fairly substantial (in the first review), and I think we've had some doubts as to whether that could easily be cured," Powell told reporters after delivering a speech to a law-school group at University of Colorado.
Orbital Sciences shipped the Solar Radiation and Climate Experiment (SORCE) satellite to the launch site at NASA's Kennedy Space Center, Cape Canaveral, Florida. In conjunction with a team from NASA and the University of Colorado's Laboratory for Atmospheric and Space Physics, Orbital designed, manufactured, integrated and tested the spacecraft at the company's Dulles, Virginia facilities. In addition to supplying the satellite, Orbital is also the launch vehicle provider for the mission, using the company's unique air-launched Pegasus rocket. The SORCE mission is currently scheduled for a mid-December launch.
Unlike previous Pegasus missions that have flown from Cape Canaveral, the majority of the pre-launch activities during the final month before SORCE is launched are taking place at KSC. On typical Pegasus missions, the satellite is first shipped to Orbital's facility at Vandenberg Air Force Base, California for integration with the rocket. The combined system is then flown on a cross-country ferry flight to the Florida site. For the SORCE mission, Orbital will fly the Pegasus rocket to Florida in early November and will complete the integration of the satellite and conduct final testing prior to the launch at KSC's Multi-Purpose Processing Facility (MPPF). About the SORCE Satellite
The SORCE mission is being led by a principal investigator from LASP with NASA's Goddard Space Flight Center providing project management and engineering oversight. Scientists and engineers at LASP designed, built, calibrated and tested the four science instruments on SORCE. The Mission Operations Center and the Science Operations Center are both located at LASP, which will operate the spacecraft over its five-year mission life and is responsible for the acquisition, management, processing and distribution of the science data.
Bell ExpressVu added 45,000 net subscribers during the third quarter - a 31% increase since the third quarter of 2001. This brings Bell ExpressVu's total subscriber count to 1.22 million customers.
Orbital Sciences said it signed a contract to manufacture a communications satellite for PT Telekomunikasi Indonesia, the country's state-owned telecommunications provider. Financial terms of the deal were not released, but Orbital said the scheduled delivery supports a launch in late 2004.
The new satellite for Telkom will be launched into orbit at 118 degrees East longitude. The satellite will enable Telkom to replace its existing Palapa-B4 satellite with an expansion of its coverage area into Southern Asia and the Indian subcontinent in addition to its current Indonesian capacity.
Bell ExpressVu has developed a strategic partnership with Donovan Homes of St. John's, Newfoundland. Each new home in Edison Lane, a development of 120 semi-detached units off Brookfield Road in St. John's, will receive as a standard feature a Bell ExpressVu digital satellite television system. Express Satellite, a Bell ExpressVu local retailer and authorized installer will act as authorized agent to this partnership between Bell ExpressVu and Donovan Homes.
Comcast signed up roughly 170,000 new cable-modem subscribers in the third quarter, bringing its total subscriber count to over 1.3 million. Sign-ups for broadband have more than doubled in the past year and a half. Meanwhile, the company saw its cable revenues grow 12% during the period.
EMS Technologies announced third quarter 2002 net earnings of $2 million, or $.18 per share, on revenues of $75 million. For the same period last year, EMS earned $1 million, or $.10 per share, on revenues of $69 million. The 2002 results are in line with revised guidance announced earlier this month. Alfred Hansen, President and Chief Executive Officer, added, "The third quarter results were a significant accomplishment for EMS, considering the tough economic conditions that have affected so many of our key markets. Continual improvement of our processes and a focus on maintaining a lean organization were crucial to our ability to adapt and remain profitable."
December 4-6, 2002
San Diego, CA
ACT Conferences
http://www.actconferences.com/sif2002/
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