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Technology Stocks : Loral Space & Communications

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To: Bernard Levy who wrote (1542)12/4/1997 8:53:00 PM
From: JMD  Read Replies (2) of 10852
 
Bernard, I couldn't agree with you more. LOR is so high-tech it is almost a parody of the cliche': it is literally rocket science. Not to mention a recent brochure I received from Alcatel with incredible illustration of the birds themselves--these marvels go out the door at $30MM a pop and up per copy and are incredibly beautiful and complex. To compare them with what Dell or Compaq or any of the box builders do is ludicrous.
However, this is a perception vs. reality issue. If the market thinks LOR is not high tech, then it's not high tech. So now that the massacre in high tech is in full swing, LOR sits relatively unscathed cause it's not high tech. Since the rest of my portfolio looks like a bomb crater, I'm pleased as punch that LOR is not high tech. What a joke. Best regards, Mike Doyle
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