let's just say regardless of the markets current cycle GMH (DTV + HNS) are on the threshold of some pretty amazing growth.
First, shedding the satelite factory will be a good first step. The defense side has not been hitting their profit margins for quite a few years. The return on investment is just not there and will probably require an overhaul with the management tier. In other words he execution of their program plans needs serious scrutiny.
Secondly, shedding DTV-Japan was a necessary step. With this losing sector now gone DTV will be able to feature the strong growth areas in the Domestic and Latin American markets. We are only at the beginning of the Latin boom. Latin America has virtually the same craving for TV entertainment the the US has.
Third, AOL and DTV will be radically changing the entertainment landscape. For example, switching between the internet and TV programming will be virtualy seemless within the next year. On a side note, web based applications (such as webpages) will be extremely automated. In fact, the website will look more and more like TV commercials do today. Landing on a company website will have such a high degree of automation and that's how you will see websites begin to blend with TV programming.
Fourth, some time ago I mentioned HNS will be getting more and more press coverage. Well we are begining to see how DPC will be key in the B2B infrastructure. They can rapidly provide solutions to set up this network and there will be a wide range of new SW applications that will support this new medium coming to market over the next several years.
I could go on but the bottom line here is this truely is a great time to be a buyer or long term holder. Yes, even with the current GM BOD. GMH will be a stand alone non-tracking company within 12 months whether GM likes it or not. Especially at these levels. It's even cheaper now to takeover GM+GMH. I am sure this is being considered very strongly right now!!!