Ladies and Gentlemen:
I'm pleased to report the results of the fifth period of the Loral price prediction
pool. Most of you will recall we started this pool in April to commemorate the first
anniversary of our April 21, 1998 all time high. 66 entries were submitted
predicting the high/low/close for the one year period to end April 21, 2000. Winner will
be the entry with the lowest sum of the absolute value of error in each of the h/l/c
predicts. As of 9/21, our h/l/c is 22.875/16.125/17.56
Overall, we were down slightly (-4.4%) in the latest month, while staying in a narrow trading range between 19.81 and 17.4, making no new contest high or low, and ending the period (amazingly) exactly where we started the contest (17 5/16). Other than some internal management changes/promotions, there was a marked absence of significant official news from Loral/G* this month. Perhaps the most important events were things that didn't happen or happened to other companies: Hurricane Floyd threatened, but did not destroy Loral-built Echostar V (not to mention four shuttle orbiters); MTSat launch was delayed due to booster problems; LMT got DoJ approval to acquire Comsat without being required to unload it's Loral preferred stock; ICO followed Iridium into Chapter 11; GMH announced layoffs in the face of declining bookings; Bell Atlantic & Vodafone-Airtouch announced their long awaited US JV. Loral hosted an investors' conference that reportedly unveiled G* phones to a select few, but kept the details of the G* rollout plan under tight wraps.
Looking ahead (sorry Jeff!), an aggressive four week launch campaign may start as early as tomorrow with G* and Echostar flights, followed by Telstar 7, Orion 2 and an additional G* launch. In addition, the public unveiling of G* is said to be scheduled for Geneva Telecon in mid-October.
During the last month Loral did better than G*(-10.5%) and matched the DOW (-4.7%) but underperformed peers GMH (+8.4%) and SPOT (+1.7%) as well as the NASDAQ (+6.5%.). Since the contest start, Loral and the DOW are both (oddly enough) unchanged, lagging behind GMH(+6.3%), SPOT (+26.5%), GSTRF (+32.5%) and the NASDAQ (+13.3%). There were no changes in the relative contest standings. Mr. Proofsheet remains in first place and a close of below 17 or above 26 ¾ is required to change that.
Place, Entrant/Entry, Score
1, Mr. Proofsheet 25/14/23, 9.69
2, Bernard Levy 24/9/20, 10.69
3, BrianW 32/15/19, 11.69
4, SofLD 20.75/10/10.75, 15.06
5, crawlingbug 33/16/28, 20.69
6, Dandreaja 35/16/26, 20.69
7, mmeggs 34/16/30, 23.69
8, GH 38/15/28, 26.69
9, Valueman 35/16/33, 27.69
10, ccryder 35,15,32, 27.69
11, mtnlion 38/15/31, 29.69
12, rhkgt 37/16/35 , 31.69
13, lorlurker 38/16/34, 31.69
14, Still Crazy 88 38/16/35, 32.69
15, Mr. Adrenaline 39/17/39, 38.44
16, NorthForce 39/10/34, 38.69
17, dabenks 41/15/37, 38.69
18, MH 41/16/39, 39.69
19, brianh 40/13/40, 42.69
20, Coff drop 48/15.5/36, 44.19
21, Don Limb 44/15/40, 44.69
22, Moron_35 46/16.5/40, 45.94
23, Gremlin 43/17/43, 46.44
24, Wlong41 46/16/42, 47.69
25, Blockhead3 49.9/16.9/38.1, 48.31
26, VASCARman 48/16/42, 49.69
27, Corgini: 46/14.5/43, 50.19
28, jopowa 45/17/45, 50.44
29, Djane 49/13.5/42, 53.19
30, six sigma enigma 48/13/45, 55.69
31, Mick 51/15/44, 55.69
32, epona 00 51/16/45, 55.69
33, RocketScientist: 52/16/44, 55.69
34, Peter Hudson 48/17/48, 56.44
35, LORWORKER: 56.25/14.75/41.3, 58.50
36, Dwight Martin 50/15/48, 58.69
37, Robert. G. Brown, 52/16/48, 59.69
38, Nancy Haft 52/15.75/48, 59.94
39, SnowShoe 60/15/40, 60.69
40, KThiel: 52/14.5/49, 62.19
41, Steven Rachbach 56/15/48, 64.69
42, Jim Parkinson, 60/16/45, 64.69
43, Dragonfly 55/16.5/50, 64.94
44, Chart 2000 55/13/50, 67.69
45, Halpcar2 56/16/52, 67.69
46, Jim Fleming 56/17/52, 68.44
47, Tim A 56/15/52, 68.69
48, JeffVayda: 60/14/48, 69.69
49, Thomas 63/16.25/48.5, 71.19
50, Safety Agent Man59/16/53., 71.69
51, CrisisWhatCrisis 68/14/49, 78.69
52, ReaganDuBose 60/17/60, 80.44
53, LoralLong:66/15/55, 81.69
54, BKPSY 66/16/63, 88.69
55, AR2BW 65/17/65, 90.44
56, Tastychap 69/16.9/65, 94.38
57, ltfequities 72/ 17/65, 97.44
58, GeneralHQ 73/16.5/ 65 , 97.94
59, Chessen29 76/17 /72, 108.44
60, ChuckKieger 84/18/77, 122.44
61, loree 20 120/20/40, 123.44
62, mstudm 98/13.75/78, 137.94
63, Noel de Leon 110/16/95, 164.69
64, Tahoetech 127/17/80, 167.44
65, E Haiken 125/15/115, 200.69
66, roskie 186/16/175, 320.69
Thanks again to everyone for playing and good luck to all (especially roskie!). I'll report back next month, or earlier if stock price movement warrants.
YO&HS
RS
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