DISH Network is looking for wireless opportunities with its extensive portfolio of wireless spectrum, valued at around $50 billion. Moreover, we appreciate DISH Network’s efforts to diversify its business model from being a pure-play satellite-TV operator to an Internet TV operator. This should help the company counter competitive threats from low-cost video streaming operators. Launch of a mobile app, DISH Music bode well. However, DISH Network continues to lose broadband subscribers. The company’s liquidity position is disappointing. Moreover, regulatory fines, programming and content expenses, retransmission fees, persistent loss of subscribers and failure to strike any deal with wireless operators are other risks. Penalty of $280 million in a telemarketing lawsuit remains a woe. Over the past three months, the stock price declined 9.0% as against the industry's loss of 2.7%.