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Technology Stocks : Orbital science (ORB)

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To: wiz who wrote (2301)1/28/2000 11:59:00 AM
From: Greg Jung  Read Replies (1) of 2394
 
Orbcomm stake reduced to 40%
Here is the real news related to the jump,

washingtonpost.com

By Sarah Schafer
Washington Post Staff Writer
Friday, January 28, 2000; Page E05

Shares of Orbital Sciences Corp. of Dulles shot up 15 percent yesterday
on news that the satellite maker would sell a portion of its stake in its
money-losing joint venture, Orbcomm Global LP, for $100 million to
partner Teleglobe Inc.
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