Value Creation

DISH

NWS

S&P 500 +25%

DISH +1,354%

NWS +71%

GM +26%

Cable +130%

GMH +57%

GMH

Cable

S&P 500

GM

Source: FactSet

Note: Cable Composite consists of Comcast, Charter, Adelphia, Cox and Cablevision

8/03/01

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