Satellite Broadband Connection Critical


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Dec 3, 2003

1-RESEARCH ALERT-Citigroup raises EchoStar to "buy"

July 19 (Reuters) - Citigroup on Wednesday upgraded EchoStar Communications Corp. (DISH.O: Quote, Profile, Research) to "buy" from "sell" and said the new rating reflected its expectation of the company's merger with DirecTV Group Inc. (DTV.N: Quote, Profile, Research).

The brokerage also raised its price target on the shares of the satellite television provider to $39 from $26. They had closed at $32.01 Tuesday on the Nasdaq. (Reporting by Swagata Gupta and Ramkumar Murthy in Bangalore)
ZURICH, July 19 (Reuters) - Swiss digital TV technology firm Kudelski (KUD.VX: Quote, Profile, Research) would be profitable even if it lost its biggest client EchoStar (DISH.O: Quote, Profile, Research), Kudelski's chief financial officer was quoted as saying in a newspaper interview on Wednesday.
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