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PEGASUS COMMUNICATIONS CORP.NASDAQ-PGTV)

Staff -- Multichannel News, 4/2/2000 8:00:00 PM

Pegasus shares soared after a rumor of a News Corp. takeover of DirecTV Inc. parent Hughes Electronics Corp. came out last week. Although News Corp. denied the reports, investors began to snap up direct-broadcast satellite stocks-like Pegasus-in hopes that they might be the next targets. Pegasus shares shot up 12 percent on the day of the News Corp. reports, closing at $147.88 each. The rise continued the next trading day-March 27-but the euphoria began to wane March 29, when Pegasus shares dipped to $143.28. Still, the stock has gained 14 percent since March 20.

Top 5 Percentage Gainers:

Terayon Communication 33.85

Telewest Communications 24.81

Blonder Tongue 22.50

Excite@Home Corp. 21.19

EchoStar 19.88

Top 5 Percentage Losers:

Classic Communications -12.85

Harmonic Inc. -10.69

Insight Communications -6.25

SBC Communications -6.08

NTL -5.55

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