A big setback for DISH Network has sent shares down 7% today. And while some analysts caution not to read too much into it, I say that DISH has plenty to be worried about.
AT&T is forcing DISH to pay back $500 million in debt that was supposed to be due in July of 2010. DISH says it has the money to do so, and won't have to take out a loan. AT&T played down the move, telling the Wall Street Journal that the money "could be put to better use." But this is also a clear message that AT&T has no interest in acquiring DISH. AT&T shares fell less than 1% today.
Read More...
