Gilat satellite networks (GILTF) Message Board

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Technology Stocks : Gilat satellite networks (GILTF)

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To: HGIII who wrote (231)	6/16/1999 10:17:00 PM
From: Howard C.	Read Replies (1) of 350

They are the second largest supplier of VSATs in the world, just behind Hughes Network Systems. The Spacenet acquisition gives them the synergy required to be an end-to-end system supplier which they badly needed for turnkey jobs. You are right that Spacenet has not been profitable in the past, but I believe there are corporate resources and talent available now which can make it a success. Their products are certainly leading edge. You forgot to mention the US Post Office contract which will involve tens of thousands of units. I don't think Gilat is providing funding to the US Post Office for this (actually, I believe they are subcontracting to MCI on that job). So I don't think it's quite so negative. IMO

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