NCAA Tourney Continues Record Ratings Coyotes Analyst On Leave After Arrest Burke Explains How She Reached Current Role Xfinity Series Audience Down A Bit Media Notes Dodgers' TV Issues Again Cloud Season Goodell: It Was Time To Suspend Blackouts Media Notes NHL Denied Motion To Dismiss Concussion Case Radio Show Delayed Due To Skipper Impersonator
Upcoming Conferences and Events
CROCKETT LEADING COMSAT INTO NEW TERRITORIES
Published November 21, 1994
In a Baltimore SUN profile, Michael Dresser examines Comsat President & CEO Bruce Crockett, who has helped the satellite telecom company assemble "an eclectic group of businesses" -- including the Nuggets and On-Command Video. Dresser: "It's all been a little too eclectic for investors. Always wary of uncertainty, Wall Street has punished Comsat for Mr. Crockett's terrestrial ventures. From a 52-week high of $32.75, Comsat stock has lost more than one-third of its value, hitting a low of $19.375 last week. To some extent that reflects a general weakness in the [telecom] sector, but its price-earnings-ratio of 11 is paltry, even by industry standards." But Crockett, who hopes to add an NHL franchise in Denver, is "unapologetic about Comsat's growing role in the high-risk, high-reward sports and entertainment businesses": "There are some investors who would rather see us just be a communications company. We would hope over time to attract investors with different philosophies" (Baltimore SUN, 11/20).