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Technology Stocks : Osicom(FIBR)
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To: Afaq Sarwar who wrote (1146)6/16/1997 6:29:00 PM
From: William T. Katz   of 10479
 
I just ran a search for "geoslot" and got the following blurb from a web page: "PrimeStar is owned by five of the major US cable companies, principal among them being TCI of Denver and Time-Warner. Primestar does not at present own DBS space segment but leases transponders on GE Americom Satcom K1 located at 85 deg West. This is an aging piece of equipment which was launched on the space shuttle in 1986. PrimeStar attempted to acquire the FCC permit to occupy a GEO slot located at 110 deg West. The permit was originally issued to Advanced Communications but was cancelled by the FCC due to lack of activity. MCI sub-sequently purchased this permit at 110 deg West at auction for $682.5 million. In light of these developments, PrimeStar plans to lease space on the new GE Americom GE-2 satellite which will replace Satcom K1 at 85 deg West in early 1997 and allow PrimeStar to offer 140 channels. PrimeStar claims about 1 million subscribers." It seems reasonable that a GEO slot was sold for $750 million, but I think a bigger question is how good are the GEO slots that ABCN owns? GEO slots I assume are positions in geostationary orbits that track a particular area of land. The GEO slot over an area in antartica is probably not worth $50k. Your point on the loan is a good one. Will look forward to discussion on this issue.
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