EchoStar CORP — Major Shareholding Notification 2010

Feb 16, 2010

| UNITED
STATES SECURITIES AND EXCHANGE
COMMISSION Washington,
D.C. 20549 |
| --- |
| OMB Number:3235-0145 Expires: February 28, 2009 Estimated average burden hours per response… 10.4 |

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

EchoStar Corporation

(Name of Issuer)

Class A common stock, par value $0.001 per share

(Title of Class of Securities)

278768106

(CUSIP Number)

December 31, 2009

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[ ] Rule 13d-1(b)

[x] Rule 13d-1(c)

[ ] Rule 13d-1(d)

• The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. Beneficial ownership information contained herein is given as of the date listed above.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 278768106

| 1 | Names
of Reporting Persons. Greenlight
Capital, L.L.C. |
| --- | --- |
| 2 | Check
the Appropriate Box if a Member of a Group (See
Instructions) |
| | (a) [
] |
| | (b) [
] |
| 3 | SEC
Use Only |
| 4 | Citizenship
or Place of Organization. Delaware |

| Number of
Shares Beneficially Owned
by Each Reporting Person
With |
| --- |
| 6 Shared
Voting Power 0 |
| 7 Sole
Dispositive Power 0 |
| 8 Shared
Dispositive Power 0 |

| 9 | Aggregate
Amount Beneficially Owned by Each Reporting Person 0 |
| --- | --- |
| 10 | Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ] |
| 11 | Percent
of Class Represented by Amount in Row (9) 0.0% |
| 12 | Type
of Reporting Person (See Instructions) OO |

CUSIP No. 278768106

| 1 | Names
of Reporting Persons. Greenlight
Capital, Inc. |
| --- | --- |
| 2 | Check
the Appropriate Box if a Member of a Group (See
Instructions) |
| | (a) [
] |
| | (b) [
] |
| 3 | SEC
Use Only |
| 4 | Citizenship
or Place of Organization. Delaware |

| Number of
Shares Beneficially Owned
by Each Reporting Person
With |
| --- |
| 6 Shared
Voting Power 0 |
| 7 Sole
Dispositive Power 0 |
| 8 Shared
Dispositive Power 0 |

| 9 | Aggregate
Amount Beneficially Owned by Each Reporting Person 0 |
| --- | --- |
| 10 | Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ] |
| 11 | Percent
of Class Represented by Amount in Row (9) 0.0% |
| 12 | Type
of Reporting Person (See Instructions) CO |

CUSIP No. 278768106

| 1 | Names
of Reporting Persons. DME
Advisors, L.P. |
| --- | --- |
| 2 | Check
the Appropriate Box if a Member of a Group (See
Instructions) |
| | (a) [
] |
| | (b) [
] |
| 3 | SEC
Use Only |
| 4 | Citizenship
or Place of Organization. Delaware |

| Number of
Shares Beneficially Owned
by Each Reporting Person
With |
| --- |
| 6 Shared
Voting Power 0 |
| 7 Sole
Dispositive Power 0 |
| 8 Shared
Dispositive Power 0 |

| 9 | Aggregate
Amount Beneficially Owned by Each Reporting Person 0 |
| --- | --- |
| 10 | Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ] |
| 11 | Percent
of Class Represented by Amount in Row (9) 0.0% |
| 12 | Type
of Reporting Person (See Instructions) PN |

CUSIP No. 278768106

| 1 | Names
of Reporting Persons. DME
Advisors GP, L.L.C. |
| --- | --- |
| 2 | Check
the Appropriate Box if a Member of a Group (See
Instructions) |
| | (a) [
] |
| | (b) [
] |
| 3 | SEC
Use Only |
| 4 | Citizenship
or Place of Organization. Delaware |

| Number of
Shares Beneficially Owned
by Each Reporting Person
With |
| --- |
| 6 Shared
Voting Power 0 |
| 7 Sole
Dispositive Power 0 |
| 8 Shared
Dispositive Power 0 |

| 9 | Aggregate
Amount Beneficially Owned by Each Reporting Person 0 |
| --- | --- |
| 10 | Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ] |
| 11 | Percent
of Class Represented by Amount in Row (9) 0.0% |
| 12 | Type
of Reporting Person (See Instructions) OO |

CUSIP No. 278768106

| 1 | Names
of Reporting Persons. David
Einhorn |
| --- | --- |
| 2 | Check
the Appropriate Box if a Member of a Group (See
Instructions) |
| | (a) [
] |
| | (b) [
] |
| 3 | SEC
Use Only |
| 4 | Citizenship
or Place of Organization. U.S.
Citizen |

| Number of
Shares Beneficially Owned
by Each Reporting Person
With |
| --- |
| 6 Shared
Voting Power 0 |
| 7 Sole
Dispositive Power 0 |
| 8 Shared
Dispositive Power 0 |

| 9 | Aggregate
Amount Beneficially Owned by Each Reporting Person 0 |
| --- | --- |
| 10 | Check
if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ] |
| 11 | Percent
of Class Represented by Amount in Row (9) 0.0% |
| 12 | Type
of Reporting Person (See Instructions) IN |

CUSIP No. 278768106

AMENDMENT NO. 2 TO SCHEDULE 13G

This Amendment No. 2 (the “Amendment”) to the Schedule 13G relating to shares of common stock of EchoStar Corporation, a Nevada corporation (the “Issuer”), is being filed with the Securities and Exchange Commission (the “SEC”) as an amendment to the Schedule 13G filed with the SEC on October 14, 2008, as amended by Amendment No. 1 filed with the SEC on February 13, 2009. This Amendment is being filed on behalf of Greenlight Capital, L.L.C., a Delaware limited liability company (“Greenlight LLC”), Greenlight Capital, Inc., a Delaware corporation (“Greenlight Inc.”), DME Advisors, L.P., a Delaware limited partnership (“Advisors”), DME Advisors GP, L.L.C., a Delaware limited liability company that serves as general partner to Advisors (“DME GP” and together with Greenlight LLC, Greenlight Inc. and Advisors, “Greenlight”), and Mr. David Einhorn, the principal of Greenlight (collectively with Greenlight, the “Reporting Persons”).

This Amendment relates to shares of common stock, par value $0.001 per share, of the Issuer (the “Common Stock”) purchased by Greenlight for the account of (i) Greenlight Capital, L.P., of which Greenlight LLC is the general partner and for which Greenlight Inc. acts as investment manager, (ii) Greenlight Capital Qualified, L.P., of which Greenlight LLC is the general partner and for which Greenlight Inc. acts as investment manager, (iii) Greenlight Capital Offshore, Ltd. for which Greenlight Inc. acts as investment manager, and (iv) the managed account for which Advisors acts as investment manager.

This Amendment is being filed to amend and restate Items 4 and 5 as follows:

Item 4 Ownership:

Item 4(a) Amount Beneficially Owned:

None

Item 4(b) Percent of Class:

0.0%

Item 4(c) Number of shares as to which each such person has voting and dispositive power:

None

Item 5 Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owners of more than five percent of the class of securities, check the following þ .

CUSIP No. 278768106

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 16, 2010

Greenlight Capital, L.L.C.

By: /s/DANIEL ROITMAN

Daniel Roitman

Chief Operating Officer

Greenlight Capital, Inc.

By: /s/DANIEL ROITMAN

Daniel Roitman

Chief Operating Officer

DME Advisors, L.P.

By: DME Advisors GP, L.L.C.

its general partner

By: /s/DANIEL ROITMAN

Daniel Roitman

Chief Operating Officer

DME Advisors GP, L.L.C.

By: /s/DANIEL ROITMAN

Daniel Roitman

Chief Operating Officer

/s/DANIEL ROITMAN**

Daniel Roitman, on behalf of David Einhorn

• The Joint Filing Agreement, executed by and among the Reporting Persons, filed with the Schedule 13G filed with the Securities and Exchange Commission on October 14, 2008 by the Reporting Persons with respect to the Issuer, is hereby incorporated by reference.

** The Power of Attorney, executed by David Einhorn authorizing Harry Brandler and Daniel Roitman to sign and file this Schedule 13G on David Einhorn’s behalf, which was filed with a Schedule 13G filed with the Securities and Exchange Commission on July 18, 2005 by the Reporting Persons with respect to the Ordinary Shares of Flamel Technologies S.A., is hereby incorporated by reference.