BSkyB (BSY.L) was in the running to purchase AOL UK but a company called Carphone Warehouse ultimately won the bid. BSkyB's shareprice dropped a sizeable 5.50 to close the day at 555.00 although it's difficult to determine if it was on account of them losing out on this deal.
The NBA is going the way of the NFL as reports stated 40 NBA games would be broadcast over the web live this NBA season; however, viewers will be limited to watching teams from their local areas.
Fans will only be able to sign up for this $179.00 service through their cable or satellite provider. Subscribers can access this service through DirecTV (DTV) and Echostar (DISH) along with most cable providers
In other satellite news DirecTV successfully launched its 9S satellite in an effort to expand its ability to provide new HD and standard definition services in addition to interactive programming.
The company intends to launch two more satellites in the coming year which will eventually allow the company to offer more than 150 national HD channels and more than 1,500 local HD channels.
The only interesting news in the world of TiVo came with the coverage initiated by Oppenheimer showing the Sell, Hold, Buy, Underperform, and Outperform recommendations on the stock.
If you ever pay attention to these recommendations, you'll notice they are usually all over the place from one research firm to the next, proof that putting your money in the market is generally just a giant crap shoot. If these alleged experts can't come to a consensus on a stock, than what normal mortal can?
Finally, don't forget to check out this post to gain a chance to win a nifty TiVo Swag Bag from Brad Linder and Dave Zatz's recent sojourn to this years Digital Life.
1. I think one of the big keys to determining whether or not a piece of news impacted a stock is to look at it's volume in relationship to it's price change. If the volume spikes above the average, then it's a good sign the somebody is paying attention to the news, but if the volume stays relatively close to the average then it's hard to pinpoint that piece of news as the decline or gain. This isn't always true, but it's something that's worth considering.
Also still waiting to see coverage on NNDS, OPTV and GMST. These companies have a lot more to do with PVRs then CMCSA, DTV and DISH (although they deserve to be on the list), they are also more purely exposed to the PVR industry and will give you a better idea of what news is impacting this industry. My advice is to track the dirty dozen of PVR stocks and then highlight the top 5 that had big news or big share fluctuations.
Posted at 10:47PM on Oct 13th 2006 by Davis Freeberg