A number of rumors about an AT&T (T) buy-out of satellite TV provider Echostar (DISH) took the stock up 19% today to $47.49.
But, it may all have been too good to be true. DISH fell 7% after hours. Perhaps Wall St. figured out that AT&T can have a partnership with EchoStar with without owning it, or that the phone company’s fiber-to-the-home business will eventually compete with EchoStar and DirecTV (DTV).
Douglas A. McIntyre
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