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- COMSAT Corporation Reports Third Quarter 1999 Financial Results - Company Financial Information
- COMSAT Corporation (NYSE: CQ) has reported a net loss of $18.4 million, or $0.35 per fully diluted share, for the three months ended September 30, 1999, due to the write-off of its direct investment in ICO Global Communications Holdings Limited. Exclusive of the write-off of COMSAT's investment...
- Research articles 1999-10-25
- Comsat Reports Increased Earnings, Revenues For Fiscal Year 1998
- Bethesda, Md.-based Comsat Corp. [CQ] yesterday (2/22) reported 1998 net income of $26.4 million, up from the 1997 net loss of $64.4 million. Revenues from continuing operations in 1998 also were up from $562.6 million to $616.5 million. Earnings before interest, taxes, depreciation and amortization EBITDA were $293.4...
- Research articles 1999-02-23
- Comsat Corp. reported first-quarter revenues of $207.9 million
- Comsat Corp. reported first-quarter revenues of $207.9 million, nearly $8 million more than reported this time last year. Earnings, however, dropped from $20.2 million in 1994's first quarter to $14.6 million this year. The drop in earnings was expected because of lower rates charged in a long-term television distribution contract....
- Research articles 1995-04-24
Additional Resources
- COMSAT sues GI and two customers over patents. (COMSAT Corp.; General Instrument Corp.)
- COMSAT Corp. has taken aim at General Instrument Corp., suing the company and two of its cable customers for allegedly infringing on COMSAT anti-theft technology patents. General Instrument immediately fired back, threatening to file a suit of it COMSAT Corp. has taken...
- Research articles 1995-04-24
- Lockheed Martin to acquire Comsat Corp. for 4.2 times revenue
- The Deal: Defense giant Lockheed Martin has agreed to acquire satellite services provider Comsat Corp. in a twopart deal worth $2.7 billion. Lockheed will buy as much as 49% of Comsat's shares outstanding for $45.50/share in cash, or $1.3 billion. The second step calls for Lockheed to trade one of...
- Research articles 1998-09-28
- Stratos Subsidiary Files Price Discrimination Complaint Against COMSAT Corp
- BETHESDA, Md.--BUSINESS WIRE--Sept. 25, 1997--Thursday, IDB Mobile Communications Inc. IDB Mobile, a wholly-owned subsidiary of Stratos Wireless Inc., filed a price discrimination complaint against COMSAT Corp. COMSAT at the Federal Communications Commission. In the complaint, IDB Mobile alleged that COMSAT charges U.S. customers, such as IDB Mobile...
- Research articles 1997-09-25
- Comsat Corp
- COMSAT CORP. subsidiary Comsat General forges an agreement to provide satellite data communications to the Amundsen-Scott South Pole Station in central Antarctica. The one-year contract with the National Science Foundation is renewable in four annual options, for potential service through 2005. Details of the contract, signed by the US Navy...
- Research articles 2000-08-01
- Justice Clears Comsat Buy
- With FCC approval behind them, executives and shareholders of Lockheed Martin Corp. [LMT] and Comsat Corp. [CQ] yesterday got the Justice Department's OK on Lockheed's attempt to buy 49 percent of Comsat. The FCC also authorized direct access to Intelsat, which would end Comsat's U.S. monopoly. Meanwhile, L-M's...
- Research articles 1999-09-17
- COMSAT & Unit Put on S&PWatch; Re: Lockheed Acquis
- NEW YORK--BUSINESS WIRE--Standard & Poor's CreditWire 9/22/98-- Standard & Poor's today placed its long-term ratings of COMSAT Corp. COMSAT and its funding organization, Comsat Capital I on CreditWatch with negative implications see list below. Standard...
- Research articles 1998-09-22
- FMR Group Reduces Comsat Stake
- An investment group led by FMR Corp. lowered its stake in Comsat Corp. [CQ] to 7.57 percent from 8.58 percent. No reason was given for the sale, but Comsat's falling share price looks to be the likely catalyst. FMR reduced its holding to 3.98 million shares from 4.51...
- Research articles 1999-03-01
- Lockheed Martin, Comsat, Want FCC OK Today
- Executives of Lockheed Martin Corp. [LMT] and Comsat Corp. [CQ] hope the FCC today will take action on Lockheed's attempt to buy 49 percent of Comsat. But at our deadline, there was no indication from the FCC whether the agency would do so. Also, the FCC is scheduled...
- Research articles 1999-09-15
- Lockheed Martin Stake In Comsat Approved By FCC
- In a mixed bag for Bethesda, Md.-based Comsat Corp. [CQ], the FCC yesterday approved a request by Lockheed Martin Corp. [LMT] to buy 49 percent of Comsat's stock in a friendly transaction but adopted a policy that eliminates the need for U.S. users of Intelsat satellite services to gain access...
- Research articles 1999-09-15
- FCC Adopts Comsat's Deregulatory Proposal
- The FCC sat up and took notice of Comsat Corp.'s [CQ] suggestions regarding its regulation of services provided using Intelsat spacecraft. The federal agency eliminated Comsat's rate-of-return regulation along occasional-use "thin routes" in favor of Comsat's incentive-based pricing plan. That plan should lower prices for customers on thin...
- Research articles 1999-02-12
- Comsat Entertainment Group last week bought the Quebec Nordiques for $75 million.(Brief Article)
- Comsat Entertainment Group last week bought the Quebec Nordiques for $75 million. The Comsat Corp. subsidiary plans to move the NHL franchise to Denver, where the company also owns the NBA Nuggets. Comsat, the U.S. signatory to international satellite consortium Intelsat, says the hockey team will...
- Research articles 1995-05-29
- Lockheed On Comsat: 49 Down, 51 To Go
- Now that it has FCC and Justice Department approval to purchase 49 percent of Comsat Corp. [CQ], Lockheed Martin Corp. [LMT] is waiting for the Congress to pass legislation allowing Lockheed-Martin to buy the rest of Comsat. Lockheed Martin can't buy the remaining 51 percent until the House follows...
- Research articles 1999-09-20
- Congress Keeps Lockheed Martin-Comsat Merger On Hold Until Legislation Passes
- The FCC and the Justice Department's recent approval of Lockheed Martin Corp.'s [LMT] purchase of 49 percent of Comsat Corp. [CQ] now leaves Congress with the controversial question of whether to pass legislation to allow a complete merger. Lockheed Martin cannot purchase the remaining 51 percent until the House...
- Research articles 1999-09-30
- Comsat has filed a lawsuit against Latin DBS proponents News Corp., PanAmSat and Grupo Televisa.(direct broadcast satellite television)(Brief Article)
- Comsat has filed a lawsuit against Latin DBS News Corp, PanAmSat and Grupo Televisa following News Corp.'s decision to abandon its contract for capacity on the Intelsat satellite system. The complaint, filed in the U.S. District Court for Maryland, h Comsat has filed a lawsuit against...
- Research articles 1996-03-18
- Circle The Wagons…
- Comsat Corp. [CQ] has scheduled a public meeting for tomorrow, largely on the FCC's plan to end Comsat's monopoly on Intelsat services in the United States. Comsat executives and shareholders are waiting for final U.S. government approval of a merger with aerospace and defense giant Lockheed Martin Corp. [LMT]....
- Research articles 1999-09-27
- LOOK WHO'S TALKING.(International Telecommunications Satellite Organization)(Communications Satellite Corp.)(Brief Article)
- Comsat is under government orders to begin talks with broadcast networks and other U.S. Intelsat users seeking direct access to the international satellite consortium's services, rather than relying on Comsat as a middleman. The FCC said Comsat has locked up nearly...
- Research articles 2000-09-25
- The FCC has denied a petition from PanAmSat asking for an investigation of alleged irregularities in lobbying expense reports from rival Comsat. (Pan American Satellite Corp., Communications Satellite Corp.) (Brief Article)
- The FCC has denied a petition from PanAmSat asking for an investigation of alleged irregularities in lobbying expense reports from rival Comsat. In a decision issued July 7, the commission ruled that substantial discrepancies between expenses repor The FCC has denied a petition from...
- Research articles 1993-07-12
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