Listen. We’re not in the game of financial advisory — even though we do know the game — but when Dish Network drops like an Olympic weightlifter, we take notice.
Shares of Dish Network Corp. fell sharply Wednesday after an analyst downgraded the stock due to concerns about the satellite TV operator’s weakening business.
It’s worse…
In the second quarter, Englewood, Colo.-based Dish reported a net loss of 25,000 subscribers, the first in the company’s history.
Oh boy, and worse.
Dish also faces risk from its ongoing litigation with Tivo Inc. Tivo has accused Dish of infringing patents for its digital video recorders. Dish lost the initial case and an appeal but it is countersuing.
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There was a time when Dish Network led the race to HD, had the very good hardware, and simply a rock’n price. What’s happened since then? Dish still has a great lineup, good hardware, and a competitive price.
So what is it then? Really, we are asking. What’s Dish Network doing that simply isn’t keeping subs around anymore? Lineup, price, hardware, logo, availability….let us know in the comments.
