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Technology Stocks : Hughes Electronics (GMH)

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To: FR1 who wrote (252)1/30/2002 5:34:50 PM
From: Zoltan!  Read Replies (2) of 277
 
The deal is given little chance.

...The day the deal was announced, Scott C. Cleland, chief executive of the Precursor Group, an independent research firm in Washington, estimated that there was about a one in three chance that the merger would go through.

"Now, I think that there is less than a one-in-three chance," Mr. Cleland said yesterday. "This is not a close call. It's over the line of almost any traditional antitrust analysis."

So far, the few parties speaking out in favor of the merger are EchoStar and DirecTV's corporate parent, Hughes Electronics....

nytimes.com

Now you know why Murdoch stopped bidding. The deal is toast.

btw, this can't help:

....Helping spread EchoStar's view is David Boies, the lawyer who argued the government's case against Microsoft (news/quote) and the Gore campaign's losing cause in the 2000 presidential election ballot dispute in Florida. EchoStar has also hired at least two former deputy chiefs of staff from the Clinton White House, Maria Echaveste and Steve Ricchetti....
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