EchoStar surges on Q2 sub gains

[SatelliteGuys Reporter]

NEW YORK Shares of satellite TV provider EchoStar Communications rose sharply Tuesday as Wall Street observers lauded the company's solid second-quarter subscriber gains and a newly unveiled 1 billion stock buyback program. Analysts said the solid growth momentum during the quarter was the latest confirmation that satellite firms are beating out cable operators in their ongoing showdown.

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