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Technology Stocks : Osicom(FIBR)

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To: David Pawlak who wrote (4980)	1/28/1998 11:37:00 PM
From: Valueman	Read Replies (2) of 10479

David: Loral is laying off 280 to 300 people at SS/L(the sat manufacturing arm) because asian customers not making payments. Investor relations said that they hope to resell the sats becuase they are nearly finished. The only asian customer with sats nearly finished is L-Star. This is not confirmed, but you should see a press release tomorrow possibly backing this up. Also, this is the reply I received from my e-mail to the editor of the Bangkok Post asking about the status of L-Star: "I doubt whether UCOM is doing anything about Laostar project right now due to liquidity crisis affecting all telecom companies including UCOm. Furthermore, the sky is crowded with several satellites right now including Thaicom, Abstar, Asiasat, Mesat and Indosat. In fact, Thaicom has yet to fill up renters for its Thaicom 3, which have 24 C band transponders and 16 KU band. The same is Mesat from Malaysia, still looking for customers. So what do you think Laostar will have any future? Forget it." For what it's worth.

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