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BUSINESS
October 12, 2005 | From Associated Press
The operator of the Dish Network satellite cable TV service introduced a portable media player that can display TV programs or movies, play music and store digital photographs. EchoStar Communications Corp.'s PocketDish works not only with Dish Network equipment but also with most televisions, PCs, digital cameras, digital video recorders and VCRs.
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BUSINESS
August 10, 2005 | From Bloomberg News
EchoStar Communications Corp. posted a tenfold surge in profit after raising prices and recording a tax gain. Second-quarter net income rose to $855.5 million, or $1.79 a share, from $85.3 million, or 18 cents, a year earlier, Englewood, Colo.-based EchoStar said. Earnings included a $593-million tax benefit. Sales rose 18% to $2.1 billion. EchoStar added 225,000 subscribers in the second quarter, a 33% decline from a year earlier, ending the quarter with 11.5 million subscribers.
BUSINESS
August 9, 2005 | From Bloomberg News
DirecTV Group Inc., the largest U.S. satellite television provider, doesn't have to provide rival EchoStar Communications Corp. with competitive data for a patent infringement lawsuit between TiVo Inc. and EchoStar. U.S. Magistrate Judge Ralph Zarefsky in Los Angeles denied EchoStar's request that would have compelled DirecTV to provide profit margins from sales of digital video recorders as well as internal documents regarding DirecTV obtaining a license from TiVo.
BUSINESS
May 6, 2005 | From Bloomberg News
EchoStar Communications Corp. filed a lawsuit against TiVo Inc. over patents for recording and storing television shows. The lawsuit filed April 29 in federal court in Texarkana, Texas, claims that TiVo and the U.S. unit of South Korea's Humax Co. infringe four EchoStar patents for digital video recording. Alviso, Calif.-based TiVo filed a lawsuit in January 2004 accusing EchoStar of infringing a TiVo patent on technology for recording one program while replaying another.
BUSINESS
May 6, 2005 | From Associated Press
EchoStar Communications Corp. said subscriber growth and a one-time gain from an insurance settlement helped it swing to a profit for the first quarter. A partnership with SBC Communications Inc. boosted new subscriptions, but EchoStar warned that phone companies' plans to start offering their own video services could hurt subscriber growth in the future. The Englewood, Colo.
BUSINESS
March 17, 2005 | From Bloomberg News
EchoStar Communications Corp., the second-largest U.S. satellite-TV broadcaster, said fourth-quarter earnings jumped 26-fold and its audit committee found that record-keeping in earlier years was "deficient." Net income rose to $70.1 million, or 15 cents a share, from $2.68 million, or 1 cent, a year earlier. Revenue increased 28% to $1.93 billion, the Englewood, Colo.-based company said.
BUSINESS
March 11, 2005 | Sallie Hofmeister, Times Staff Writer
Shares of EchoStar Communications Corp. fell sharply Thursday after a news report said the nation's second-largest satellite TV provider might have improperly booked transactions with suppliers and made questionable consulting payments. A Bloomberg News report, citing unidentified sources, said an internal probe by the audit committee of the EchoStar board had uncovered the allegedly improper practices after being alerted to potential accounting problems by the company's accountant, KPMG.
BUSINESS
November 10, 2004 | From Bloomberg News
EchoStar Communications Corp., the second-largest U.S. satellite television service, said Tuesday that profit almost tripled as it added subscribers and raised prices. The company will pay $455 million in one-time cash dividends. Net income for the third quarter rose to $102 million, or 22 cents a share, from $35 million, or 7 cents, a year earlier, the Englewood, Colo.-based company said. Revenue rose 28% to $1.86 billion. EchoStar boosted its subscriber count 3.5% to 10.
BUSINESS
August 10, 2004 | From Bloomberg News
EchoStar Communications Corp., the second-largest U.S. satellite television service, said Monday that second-quarter profit fell 34% as the company spent more on programming and customer-support systems. Net income fell to $85.3 million, or 18 cents a share, from $128.8 million, or 26 cents, a year earlier, Englewood, Colo.-based EchoStar said in a filing with the Securities and Exchange Commission. Sales rose 26% to $1.78 billion.
BUSINESS
July 7, 2004 | Sallie Hofmeister, Times Staff Writer
DirecTV Group Inc. and EchoStar Communications Corp., the nation's two biggest satellite-television services, said Tuesday that they received letters from the Securities and Exchange Commission asking for information on how they count subscribers. The letters to DirecTV and EchoStar are part of the commission's investigation into how companies count subscribers. The agency also contacted cable TV providers such as Comcast Corp. and phone companies including Verizon Communications Inc.
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