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Technology Stocks : Orbital science (ORB)

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To: Fred Levine who wrote (2353)6/16/2000 5:16:00 PM
From: Fred Levine  Read Replies (1) of 2394
 
June 16, 2000

Dow Jones Newswires

Orbcomm Global Hires Bear Stearns As
Adviser

Dow Jones Newswires

DULLES, Va. -- Orbcomm Global LP, jointly owned by Orbital Sciences
Corp. (ORB) and Teleglobe Inc. (TGO), hired Bear Stearns & Co. to help it
search for additional strategic partners and investors.

In a press release Friday, the company said it is also evaluating other strategic
and financial alternatives to strengthen its capital structure and market
position.

The company added that it still has "substantial funding requirements" before it
expects to be cash flow positive.

fred
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