| BUSINESSWEEK ONLINE : OCTOBER 16, 2000 ISSUE | ||||||||
| ||||||||
 | ||||||||
| BUSINESSWEEK INVESTOR -- INSIDE WALL STREET
From Gilat: Net Access by Satellite Gilat's satellite Web hookup should spark the stock Expect Gilat Satellite Networks ( GILTF), a little-known player in satellite communications, to catch investor attention. A maker of VSAT (very small aperture terminal) satellite earth stations, Gilat will offer to consumers at yearend high-speed Web access by satellite. Gilat has teamed up with EchoStar Communications and StarBand Communications, a joint venture made up of Gilat, which owns 50%, and Microsoft, EchoStar, and ING Furman Selz Investments. They will provide Internet service using Gilat's satellite gear. The product, to be branded StarBand, consisting of a satellite-TV receiver and/or a PC, and a small satellite dish, will initially be sold at 5,000 Radio Shack and EchoStar outlets, with installation and services included. Gilat expects to attract EchoStar's 4 million satellite-TV subscribers. Microsoft will provide Web access. ''Gilat hopes to hit over 1 million subscribers in three years,'' says Steven Werber Jr., a money manager at J&W Seligman, which has accumulated shares. Trading at 124 in April, the stock has dropped to 72. But Werber sees Gilat racing up to 120 in a year. He says Gilat's core satellite earth station business is going strong. It should earn $2.10 a share in 2000 and $2.90 in 2001, says Werber. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ BACK TO TOP |
|  |
 | |
RELATED ITEMS From Gilat: Net Access by Satellite CHART: Getting More Down-to-Earth INTERACT E-Mail to Business Week Online | |||
|
Copyright 2000-2008, by The McGraw-Hill Companies Inc. All rights reserved.
Terms of Use Privacy Notice  |