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Technology Stocks : Loral Space & Communications
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To: Valueman who wrote (6714)8/25/1999 6:08:00 PM
From: Valueman  Read Replies (1) of 10852
 
Some clarification is in order. I made a decision to lighten up on my Loral holdings(or sell calls against a position), which should not influence anyone else's decision to buy, sell, or hold. That is definitely a personal issue.

I lightened up because of the continuing delays in the G* rollout. Plain and simple. The delay has a number of waterfall effects. When taken as a whole, I felt I had to decrease exposure to the risks that a slow G* rollout brings to LOR. Schwartz bet the LOR farm on G*, and G* is not on schedule. Enough said.
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