Financial life is looking good for <A HREF="http://www.echostar.com">EchoStar Communications Corporation</A>. The Littleton, CO-based direct broadcast satellite operator reported second-quarter profits of $45.8 million, with revenue up 21%, to $1.17 billion. EchoStar's subscribership increased by 295,000 during the quarter, and the company is predicting that it could add more than 1.2 million new subscribers to its DISH network in 2002, with a total approaching eight million by year's end. EchoStar reported the results August 15.
Opposition from the Federal Communications Commission (FCC) wasn't enough to keep EchoStar and Hughes Electronics' DirecTV from seeking a merger, but a lawsuit launched by the US Department of Justice (DOJ) may be.
The race for home networking could be over before it really begins. On May 11, <A HREF="http://www.enikia.com/">Enikia Inc.</A> demonstrated a working model of a 10-megabit-per-second network using active AC powerlines as the medium. The demo took place at the Networld + Interop gathering in Las Vegas, a confab for the networking industry.
It's no secret that plenty of commodities cost more in Europe than they do in the United States. Gasoline, for example, is typically two to three times more expensive on the eastern side of the Atlantic.
Would-be merger mates DirecTV and EchoStar Communications may not be the only television action in the Western sky if European satellite operator SES Global can win approval to beam its signals to American dishes.
High-resolution video technology leader <A HREF="http://www.faroudja.com/">Faroudja, Inc.</A> announced October 6 that Glenn W. Marschel, Jr. has been named its new President, CEO, and Co-Chairman of the Board of Directors. Mr. Marschel is replacing Michael Moore, who resigned "to pursue other interests." Chief Technical Officer and company founder Yves Faroudja will become the board's other Co-Chairman. William J. Turner will step down as Chairman, but will remain as a Director of the company.
Manufacturer <A HREF="http://www.faroudja.com/">Faroudja, Inc.</A>, famous for its video projectors, line-doublers, line-quadruplers, and other ultra-high-quality video processors, kicked off a nationwide HDTV road show last Thursday with a well-attended open house at The Audible Difference, a high-end dealer in Silicon Valley, about 25 miles south of San Francisco.
The erosion of long-standing regulatory policy that began with the Telecommunications Act of 1996 continues under the leadership of <A HREF="http://www.fcc.gov">Federal Communications Commission</A> chairman Michael Powell. The FCC has approved by a 3–1 vote the ownership of multiple networks by a single owner, thereby reversing one of the agency's oldest rules.