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Technology Stocks : Loral Space & Communications

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To: K.J.Devine who wrote (1164)	10/7/1997 7:27:00 PM
From: Snake	of 10852

Readware's comments on ONSI from AOL. Sorry Geoff for stealing your thunder, but I thought this was interesting reading. Subject: Re: More Orion News Date: Tue, Oct 7, 1997 19:15 EDT From: Readware Message-id: <19971007231500.TAA21860@ladder01.news.aol.com> I cannot believe it-- Loral got Orion for next to nothing! Absolutely unbelievable. LOR got (1) a first class operating GEO, with two on order already paid for by debt issuance early this year (both GEOs are in manufacure now), with (2) over $450 million in cash [so the net is a debt of $320 million now on LOR's balance sheet, to be fully paid down from Orion earnings in three years it looks]-- and a growth rate for Orion of some 80%/year for the next three years. Plus, it got transponders for Cyberstar-- for next to nothing!, and a world class customer base to which now LOR has access.. Not only that, with Orion now Loral has presence in Europe-- the first time. Conference call tomorrow morning 8:30 New York time--

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