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Technology Stocks : Orbital science (ORB)
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To: wiz who wrote (2178)7/27/1999 11:47:00 AM
From: Fred Levine  Read Replies (1) of 2394
 
My feeling is that they're reluctant to say anything because of the law suits. I expect earnings to be a loss, thus the reductions of credit ratings. However, I remain confident because this is a business that has high front end fixed-costs, and needs to generate the revenue stream.

I waited years for McCraw cellular to be profitable for the same reason. They were then taken over by AT&T, and I did quite well. Same story for ORBCOMM, imo.

Thanks for the info. Tomorrow will be interesting!

fred
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