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Home > Company Index > Telecommunications > Cable TV & Satellite Systems > Hughes Electronics Corporation

Hughes Electronics Corporation
NYSE: GMH
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 NEWS FROM THE WIRES
DirecTV to cut staff, backs '01 guidance
Aug 23 2001 03:49 PM PDT

Qwest to provide last-mile DSL for DirecTV
Aug 23 2001 02:17 PM PDT

WRAPUP 2-Latam markets weak on Fed comments, Argentina fears
Aug 21 2001 04:35 PM PDT

DirecTV says to lay off 10 pct of Brazil staff
Aug 21 2001 04:34 PM PDT

Crown expands Hallmark reach in deal with DirecTV
Aug 21 2001 11:37 AM PDT

More WIRE STORIES about this company

 NEWS FROM THE STANDARD
News Corp. Results Fall, Fox Television Unit Weak
Aug 16 2001 06:15 AM PDT

GM: EchoStar's Hughes Bid Is Serious
Aug 08 2001 08:19 AM PDT

EchoStar Pursues Hughes Again
Aug 06 2001 04:11 PM PDT

Rumors of a Chip War
Aug 06 2001 09:08 AM PDT

Murdoch, Microsoft and the Satellite Saga
Aug 06 2001 08:09 AM PDT

 PROFILE
Hughes' new direction is DIRECTV. The space and wireless communications unit of automaker General Motors, Hughes Electronics has sold its satellite manufacturing business to Boeing and is focusing on communications services. These include DIRECTV, the largest US satellite TV broadcaster; the 21-satellite network PanAmSat (81%-owned); and the company's Hughes Network Systems subsidiary, which supplies wireless business networks and telecommunications equipment and is developing Spaceway, a network that will offer global broadband access. GM, which owns all of the company's assets and holds about 30% of its tracking stock, plans to sell all or part of Hughes.

 COMPETITION
AT&T Broadband (dossier)
Comcast Corporation (CMCSK)
EchoStar Communications Corporation (DISH)

 DEALS
Deal: Hughes Electronics Buys Telocity
Date Announced: 12.21.00
Value of transaction (US $Mil): 180
Description: GM-owned satellite TV company acquires DSL provider in an all-cash deal.

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 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 7,287.60
1-Yr. Sales Growth: 31.1%
Employees: 9,000
Revenue per employee: $809,733.33

 KEY PEOPLE
• Jack A. Shaw
    CEO
• Michael J. Gaines
    CFO

 CONTACT INFO
200 N. Sepulveda Blvd.
El Segundo, CA 90245
US
Phone: 310-364-6600
Fax: -
Online: Web Site

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