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Technology Stocks : Loral Space & Communications
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To: Timothy R. Tierney who wrote (1552)12/5/1997 8:07:00 PM
From: JMD  Read Replies (2) of 10852
 
Tim, I'll go out on a limb here and predict that (a) LOR will continue to be classified and misclassifed for several more years to come and that it won't make a bit of difference because like MCI in its glory years McGowan told the analysts: just call us money coming in. The street knows what to do with big time cash flows once they reach visibility and when LOR hits 130 in, oh say, 2000 to 2001, they can call it a car wash for all we'll care, and (b) at about the same time frame, S&P will come up with a new industry classification, something snazzy like "satellite manufacturers/communication networks" cause the whole industry will be so gigantic that it will deserve its own category. Do I sound bullish? Regards, Mike Doyle
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