Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

Lehman Keeps 'Strong Buy' on Hughes Electronics

Lehman Brothers reiterates its strong buy rating on General Motors H (GMH).

Analyst William Kidd says increased suitor interest can only work to help Hughes shareholders. He says initial market reaction, because of arbitrageurs, likely will be to short Echostar and go long on Hughes. He doesn't take Echostar's offer as anywhere near final, but rather as a means of renewing talks.

Despite Echostar's interest and the benefits of the combination, Kidd says News Corp. likely remains in the driver's seat given General Motor's preference and the stock it controls. He thinks Hughes will likely rush News Corp. to formalize a bid, probably well above the original offer.

Kidd sees a $0.48 2001 loss estimate and a $0.11 2002 loss for General Motors H.

blog comments powered by Disqus