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Technology Stocks : Loral Space & Communications
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To: ebg51 who wrote (10088)7/16/2002 12:45:38 AM
From: SafetyAgentMan   of 10852
 
It is really a crime what has happened to SSL. Currently they build the best satellites in the world, but now the core talent is being let go to maintain BLS's salary and ego.

BTW, I am really surprised that your 401K is still 100% invested in Loral. It was my understanding that starting April 15th all Loral employees were permitted to divest themselves of 10% of the Loral stock in their 401K accounts. This was to increase 10% each week until it reached 100% on June 12th. I find it interesting that BLS waited until all employees could divest themselves before he lowered guidance. I also find it interesting that Robert Berry would buy 32,000 shares right before BLS lowered guidance. Is the VP of SSL that far out of the loop or did BLS make him buy the shares for appearance sake.
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