EchoStar throws the towel in, Hughes Passes "Go" EchoStar Communications Corporation has abandoned its attempt to acquire Hughes Electronics Corporation for $18 billion, after fighting the U.S. Hughes operates DirecTV and EchoStar owns the Dish Network. Under the Hughes-EchoStar proposed merger, Hughes could abandon the deal after January 21, 2003 and collect a $600 million break-up fee, with EchoStar under an obligation to buy out Hughes' 81% ownership in satellite service provider, PanAmSat Corporation, for $2.7 billion. EchoStar agreed to pay the $600 million break-up fee early to Hughes in exchange for Hughes releasing EchoStar from the PanAmSat purchase....

Murdoch Acquires Hughes Electronics' DirectTV. murdoch acquires hughes electronics directtv. In a story that we did not report earlier and that we have had inquiries about, Rupert Murdoch's company, News Corporation, last month finally succeeded in purchasing the controlling interest in Hughes Electronics and its DirectTV entity from General Motors Corporation for $6.6 billion US. In a story that we did not report earlier and that we have had inquiries about, Rupert Murdoch's company, News Corporation, last month finally succeeded in purchasing the controlling interest in Hughes Electronics and its DirectTV entity from General Motors Corporation for $6.6 billion US. This acquisition gives News Corp vaulted status as one of a select few media conglomerates in the U.S. t......

Microsoft and Hughes to roll out 5000 satellite-based Internet kiosks in India. microsoft kiosks india. Microsoft and Hughes India have partnered up to roll out thousands of satellite-based Internet kiosks in India. Microsoft and Hughes India have partnered up to roll out thousands of satellite-based Internet kiosks in India....

Telecommunications giant SBC has reportedly withdrawn its bid to acquire DirecTV from General Motors Hughes Electronics Corporation division. Telecommunications giant SBC has reportedly withdrawn its bid to acquire DirecTV from General Motors Hughes Electronics Corporation division. This leaves Rupert Murdoch's News Corp as the remaining bidder for GM Hughes Electronics, the parent company of DirectTV. This apparent backdoor coup by News Corp is ironic, considering that Murdoch has been pursuing the acquisition of GM's Hughes Electronics DirectTV for several years, but has been previously blocked by government regulatory bodies....

Sources close to telecommunications giant SBC Communications report that SBC is in 'credible' negotiations with General Motors Corporation to acquire GM's Hughes Electronics Division, with the plum of the acquisition being satellite television operation, DirecTV. Sources close to telecommunications giant SBC Communications report that SBC is in 'credible' negotiations with General Motors Corporation to acquire GM's Hughes Electronics Division, with the plum of the acquisition being satellite television operation, DirecTV. Murdoch lost out on the last opportunity when GM agreed to sell Hughes Electronics Division (including DirecTV) to EchoStar Communications, another satellite television provider....

Compaq is offering a new customized Presario Internet PC featuring Hughes Network Systems' DirecPC high-speed satellite Internet service. Compaq is offering a new customized Presario Internet PC featuring Hughes Network Systems' DirecPC high-speed satellite Internet service....

ThIS view is supported by Alan Hughes, a network infrastructure analyst at Reuters, who said that his company has seen marked productivity gains from a 1,000 user wireless LAN rollout for a "relatively low cost" of investment. Such benefits are difficult to quantify, Hughes said, but do show wireless LANs are helping in Reuters' overall mobility push....

EchoStar's management and DirecTV's corporate parent (General Motors' Hughes Electronics) announced that they will contest the F.C.C.'s decision in an administrative court, as both remain committed to proceeding with the merger. The merger agreement also contains a $600 million financial penalty that EchoStar must pay Hughes Electronics if the January 21st deadline passes and is not extended....

Hughes Network Systems introduced the DW6000 DIRECWAY Broadband Satellite Terminal earlier this week. Hughes Network Systems introduced the DW6000 DIRECWAY Broadband Satellite Terminal earlier this week....

According to Phil Hughes, spokesman for AMD, Rev F is scheduled to be available in the third quarter of this year. According to Hughes the demo at the tradeshow has simply purpose to show the virtualization feature and not possible performance gains the dual-core Rev F CPUs will bring....