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Technology Stocks : Loral Space & Communications

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To: Valueman who wrote (6680)	8/23/1999 2:28:00 PM
From: Valueman	Read Replies (2) of 10852

If anyone hasn't read the WSJ today, there is an article on the LMT/CQ deal. I got the impression that there is either no single buyer of the whole LMT preferred stake, or if there is, the Justice Department has some problems with it. Sounded like they wanted to sell onto the market. The rumor of a single buyer "strategic and friendly to Loral" may just be more smoke filling our rectums. Page A14 of the Journal also has an opinion piece on Iridium. Our large seller is back, but in a positive twist, he is being met with a big buyer.

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