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Sub prime torpedoes Dish?

November 14, 2007

The lacklustre new subs number for EchoStar's Dish (110,00 for the quarter) saw its stock take a pasting on Wall St despite profits being over forecast.

Of particular concern was the churn that rose to 1.94 percent in the quarter from 1.76 percent in the same period a year ago. EchoStar said itself this was in part because of bad credit cut-offs and this in turn was linked to its customer's problems with mortgage payments.

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