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Technology Stocks : Loral Space & Communications

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To: Jeff Vayda who wrote (10129)	8/8/2002 8:15:42 AM
From: Jeff Vayda	Read Replies (1) of 10852

Globalstar Creditor Panel To Investigate Launch Contracts (Dow Jones Newswires, 08-07-02) The committee of unsecured creditors in the Globalstar L.P. case Wednesday won authority to examine documents from Loral Space & Communications Ltd. and affiliates and question Loral executives familiar with a contract involving satellites in the Globalstar system. The order signed by Chief Judge Peter J. Walsh of the U.S. Bankruptcy Court in Wilmington also allows Alcatel Space NA, an interested party in the case, to take part in the Rule 2004 examination. Under Rule 2004, the court may order that a company be examined or produce documents that relate to its operations, its financial condition, or to the administration of the bankruptcy case. Seems we have still more bad blood to work through with Alcatel Jeff Vayda And I thought it strange that Loral would re - restate earnings so soon. Looks like some people might have caught Bernie in a white lie? Do you think BLS will add his signature anytime soon to the validity of Loral’s accounting? Heck he is a finance genius, but yesterday’s smart moves are today’s impeachable offenses. No wonder G* never got the effort it deserved, all the parties were too busy gathering Pearl Harbor files on each other! Jeff Vayda Loral Space Receives Inquiries About '02, '03 Cash Flows (Dow Jones Newswires, 08-07-02) Loral Space & Communications Ltd. said now expects cash and available credit to be more than $100 million at the end of the year, higher than previous estimates, according to a document filed Tuesday with the Securities and Exchange Commission. The company said it received inquiries seeking further details regarding its expected 2002 and 2003 cash flows after the company released its second quarter earnings at the end of last month. The company didn't disclose the inquirers.

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