Orbital science (ORB) Message Board

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Technology Stocks : Orbital science (ORB)

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To: deeno who wrote (2155)	7/2/1999 6:54:00 PM
From: Fred Levine	Read Replies (3) of 2394

Deeno--Without my crystal ball, I can't forsee any new killer apps, but I can see the enormous growth of demand for the existing apps. The backlog, which I believe is approaching 2 billion, while the current sales are 3/4 of a billion tellus that the demand is there. My concern is the bookeeping of this company. Merrill Lynch was very hot on ORB until both the accounting irregularities were exposed, AND ORB's estimates were too high. The stock crashed from abt. 50 to under 20. The dues were paid, and now the exuberance has been grounded and IMO the orders are there. In addition, IMO, this is an industry with an expensive learning curve. Satellite crashes are expensive. ORB now has considerable experience and should reduce crashes, and therefore costs. Also, others are more visionary than I and will find more apps, IMO. good investing -- fred

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