Familiar Names for Obama's Tech Advisors, Waxman Closer to Committee Post

Familiar names in the communications regulatory arena were named to President-Elect Barack Obama's transition team Wednesday.

Obama's technology, innovation and government reform group will be led by Julius Genachowski, who founded a venture capital firm and was a former chief counsel at the Federal Communications Commission, and Blair Levin, former chief of staff for FCC Chairman Reed Hundt who now works for Stifel Nicolaus. Sonal Shah, who leads Google's global development efforts, also was named to the team.

A few days ago, the Obama transition team named two academics to lead the review group that will advise the incoming president about changes at the FCC. The first pick, Susan Crawford, is a professor of law at the University of Michigan, teaching communications law and internet law. The second individual, Ken Werbach, is an assistant professor of legal studies and business ethics at The Wharton School at the University of Pennsylvania.

Meanwhile, Rep. Henry Waxman (D-Calif,) won support from a House Democratic leadership panel Wednesday to replace Rep. John Dingell (D-Mich.) as chairman of the House Energy and Commerce Committee. The decision now goes to the broader House Democrats caucus today.


20 Nov 2008 - 06:36 by soullezz    Industry News |

Arianespace Launch, SES and Arrowhead

Arianespace is preparing to orbit two satellites - Hot Bird 9 and W2M - for European operator Eutelsat. The mission is set to take place Dec. 10 --- SES New Skies said Arrowhead Global Solutions has signed a multi-year agreement for capacity on the NSS-12 satellite.

Arrowhead will use the capacity to support U.S. government needs in the Middle East and East Africa.

20 Nov 2008 - 06:35 by soullezz    Industry News |

Tough Day on Street Impacts Satellite Stocks

Another tough day on Wall Street also meant it was a troubling trading session for satellite stocks.

On Wednesday, the Dow fell below 8,000, finishing the day down more than 400 points at 7,997.28. That's the lowest close for the index since March 2003. Investors fretted about the survival of another financial giant, this time Citigroup, and the fate of Detroit's automobile manufacturing giants and whether they will receive any government assistance.

It could be said that any challenges facing the big three automakers - General Motors, Ford and Chrysler - could have an impact on Sirius XM, which generates a lot of customers through its automotive OEM channel. Shares in the satellite radio company tumbled 19 percent during trading Wednesday, closing at 16 cents a share, a new 52-week low for the Sirius XM stock.

If that wasn't enough, shares in DISH Network fell more than 8 percent to $9.62. EchoStar shares tumbled more than 5 percent to $14.01. DIRECTV stock fell more than 6 percent to $18.97.

20 Nov 2008 - 06:35 by soullezz    Industry News |

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