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Technology Stocks : Loral Space & Communications

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To: Jeff Vayda who wrote (9915)	3/6/2002 8:06:43 AM
From: Jeff Vayda	Read Replies (2) of 10852

Some more reasons for yesterday's (and today's?) move: Space Systems/Loral has suspended all activities on the two WildBlue broadband communication satellites (http://www.orbireport.com/News.html) while WildBlue Communications investors are looking for additional funding according to Space News. The venture, backed by Echostar Corp. and Télésat Canada, has already secured US$440 million, but needs another US$400 million to resume its activities. Editor's note: WildBlue Communications (previously known as KaStar and iSky) holds two firm launch contracts with Arianespace for its 5-ton-class satellites. Shin Gets Ex-Im Bank Loan for iPStar - Hot News March 1st The U.S. Export-Import Bank has eventually approved a US$250-million loan to Thailand's Shin Satellite in order to support its iPStar satellite program despite protests by competing U.S. and European operators, namely Hughes Network Systems (leader of the SpaceWay program), PanAmSat and New Skies Satellites. The spacecraft is being manufactured by Space Systems/Loral and should be completed by December 2003 and ready for launch in 2004, on a launcher yet to be selected.

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