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ViaSat - The Next Satellite Darling on the Street?

14 июня 2006
What company may be the new satellite industry darling of Wall Street?

ViaSat, which supplies WildBlue with its customer premise equipment, was upgraded Monday by Morgan Joseph from "hold" to "buy." The firm set a target price of $30 for VSAT shares.

ViaSat stock climbed more than 5 percent to $25.51 during trading Monday. That was good news for the company, given the market's downward turn in recent days.

The financial community quickly turned its attention to ViaSat after WildBlue announced exclusive deals last week with EchoStar and DirecTV to sell its satellite-based broadband service.

WildBlue also sells service via AT&T and through members of the National Rural Telecommunications Cooperative.

In addition to supporting WildBlue with its broadband modem products, ViaSat supplies broadband modems to Telesat Canada, Intelsat and SES Americom.


Source: Media Business Corp

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