| Business Summary | | Hughes
Electronics
Corporation,
a
wholly
owned
subsidiary
of
General
Motors
Corporation,
is
engaged
in
the
satellite
and
wireless
communications
industry.
The
Company
provides
digital
entertainment,
information
and
communication
services
and
satellite-based
private
business
networks
through
its
fleet
of
commercial
satellites.
The
operations
of
Hughes
are
comprised
of
the
Direct-To-Home
Broadcast,
Satellite
Services
and
Network
Systems
segments.
Hughes
sold
the
satellite
systems
manufacturing
businesses
(Satellite
Businesses)
to
The
Boeing
Company
on
October
6,
2000.
PanAmSat,
Hughes'
81%-owned
subsidiary,
expects
to
add
additional
satellites
as
part
of
its
satellite
expansion
and
restoration
plan.
The
additional
satellites
are
intended
to
meet
the
expected
demand
for
additional
satellite
capacity,
replace
capacity
affected
by
satellite
anomalies
and
provide
added
back
up
to
existing
capacity.
Five
satellites
have
been
launched,
with
an
additional
three
satellites
under
construction. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Hughes
Electronics
provides
digital
entertainment,
information
and
communication
services
and
satellite-based
private
business
networks
through
its
fleet
of
commercial
satellites.
For
the
six
months
ended
6/30/01,
total
revenues
rose
10%
to
$3.88
billion.
Net
loss
from
continuing
operations
before
acct.
change
applicable
to
Common
rose
26%
to
$302.6
million.
Results
reflect
an
increased
number
of
DirecTV
subscribers,
offset
by
increased
personnel
and
depreciation
expenses. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Harry Pearce | Chairman | Jack Shaw | CEO,
Sr. Exec. VP, Director | Michael Gaines, 42 | CFO | Sandra Harrison | Sr.
VP | Pradman Kaul | Sr.
VP |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|