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Technology Stocks : Loral Space & Communications

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To: Jeff Vayda who wrote (10052)	7/1/2002 12:46:16 PM
From: ebg51	Read Replies (1) of 10852

Praying for a miracle actually. All kidding aside, those 750 shares were my last contribution to my 401K. I have been buying as much as I can through the LASP (Loral Aerospace Savings Plan). I have been averaging down. average price is about $3.70/shr. That's not unreasonable, so i should see some profit in a year or so. By the way, I was told by friends there that the merger with L-M won't take place until SS/L gets down to 1500 people. There are still over 2000 there. The antenna group where I worked layed off 2 electrical engineers, one with a Phd. Also 5 mechanicals went too. There will be more as existing contracts wind down.

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