Not only does Hughes benefit from this transaction by making it more focused on its faster growth lines of business, but it sheds the company's riskiest line of business.
More Quotes from Thomas Eagan:
To buy someone like the Weather Channel, a company is going to have to pay a high price,Thomas Eagan
I thought the results were pretty good. They were (generally) in line with our expectations, with cable outperforming our estimates on all fronts.
Thomas Eagan
Across the board, in terms of customer growth, they beat all of our numbers. Financially, they were strong.
Thomas Eagan
Despite all the concerns about competition, I can't see who wouldn't like these results.
Thomas Eagan
I thought the results were pretty good.
Thomas Eagan
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