EchoStar Swings To A Profit
Satellite TV operator EchoStar Communications Corp. on Thursday reported that it swung to a profit in the first quarter on an increase in subscribers and a 28 percent boost in revenues.
The Englewood, Colo., company said net income for the period ended March 31was $318 million, or 70 cents a share, compared with a net loss of $43 million, or 9 cents a share, for the same period a year ago.
Net income for the most recent quarter included a $134 million gain related to the $240 million settlement of EchoStar IV satellite insurance and related claims. Net loss in the year-go quarter, included a $78 million charge related to early redemption of certain debt securities.
Revenues for the latest quarter increased to $2.02 billion from $1.58 billion a year ago. The company added 325,000 new subscribers in the quarter, boosting its total to 11.23 million as of March 31.
EchoStar provides satellite TV through its DISH Network.
Workers Pick Web Over Coffee
A slight majority of workers would gladly give up their morning jolt of caffeine to keep their at-the-office surfing privileges, a survey released Monday said.
'Extremely Critical' Bugs Found In Firefox
A pair of unpatched vulnerabilities in Mozilla's Firefox Web browser -- rated as "extremely critical" by one security firm -- could allow an attacker to take control of a PC simply by getting a user to visit a malicious Web site, Mozilla said Sunday.
Google Knocked Offline Saturday, But Not A Hack
Google was off-line for a short time Saturday evening due to an undisclosed DNS problem.
Cars Can't Get Infected By Mobile Phone Worms
A Finnish security firm said it had put to rest fears that automobiles could become infected with current mobile viruses via Bluetooth, the short-range wireless technology used by some phones to exchange information, and some cars to accept address books from mobile phones.
E*Trade Reportedly Seeks To Buy Ameritrade
E*Trade Financial Corp. has reportedly expressed interest in acquiring Ameritrade Holding Corp., a move that would combine two of the biggest names in online trading.
Article Outs Groklaw Founder
Interest is swirling around the Linux-advocacy site Groklaw.net, following the weekend posting of an article by Linux Business News, which purports to uncover information about the identity of site editor Pamela Jones.
Mobile Phone Shipments Expected To Slow
Worldwide mobile-phone shipments, which saw an unprecedented increase last year, is expected to slow to a relative snail's pace this year, a market research firm said.
Trojan Targets AIM
A Trojan continued to spread Monday among America Online instant messaging clients, and installs its backdoor on the infected PC when trusting users click on a link within the line "Check out this" or "i thought youd wanna see this" from a buddy on their AIM contact list.
Local TV Websites Target National Advertisers
Nearly 150 local TV stations launched on Monday a network of websites that will compete for national advertisers with the news sections of the Internet portal giants.
Nokia Drives Mobile TV Interoperability
LONDON — Nokia is making the air interface specifications of its DVB-H based mobile TV platform publicly available in an attempt to drive device interoperability and the uptake of the Digital Video Broadcast " Handheld technology.