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Technology Stocks : Satellite Stocks - USSB, CQ, SPOT, QCOM, etc.

QCOM 178.99

+0.2%

11:47 AM EDT

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To: SirAlexx who wrote (194)	2/1/1998 12:20:00 AM
From: Angelo J Cici	Read Replies (1) of 222

Qualcomm may loose with LOR but gain with ORBI... Globalstar's late!! Loral space announced late this week that they got hit hard by the problems in Asia and major customers pulled out from their order backlog waiting list. As a result, major layoffs were announced and projects in Asia were terminated. Orbital Sciences does not have this problem at all!!! They have no Asia affiliation and are 100% homegrown! No orders were postponed, but on the contrary new order backlog was established during the quarter setting backlog to over $3 billion... This problem with Loral Space could have an enormous positive impact on Orbital. It is bad enough that LOR sells at a PE ratio that is astronomical (PE is well over 200), but LOR has an enormous debtload it can not seem to get rid of. If it was not for Qualcomm, Globalstar would probably never get launched for lack of financial backing. I feel the Asian crisis will postpone the launch of Globalstar and Orbital will be able to get a much greater headstart on winning more marketshare in the satellite communication service industry! Orbital is much more diversified than LOR and can handle competition, but can LOR handle ORBI? NO WAY!!! Once people realize this good news, ORBI will go back up this next week BIG TIME! Qualcomm licenses Mobile Communications which contracts Orbital Sciences. Qualcomm still makes money with the Orbital global network (ORBCOMM), even if Globalstar fails. Qualcomm is putting its money on both sides as it seems. By the way, Qualcomm fell Friday on LOR's announcement also. THE ULTIMATE WINNERS ARE ORBITAL & QUALCOMM BY A LONG SHOT!!!

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