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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: LLCF who wrote (30305)10/21/2000 9:01:38 AM
From: KyrosL  Read Replies (1) of 436258
 
DAK, after Loral's CC, my WAG on G* surviving in its present form is 30%. This estimate will probably change to the better or worse after third quarter G* progress is revealed in its earnings/CC scheduled in the next couple of weeks.

As I have said before, if G* goes BK in the first half of 2001, I think the stockholders will lose almost everything, and the debt holders will end up owning the post-BK entity, which will be almost debt free and able to price its services much more competitively. Coincidentally, data applications will start to kick in right around that time (2nd half of 2001).

Kyros
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