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Technology Stocks : Loral Space & Communications

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To: Beefeater who wrote (1837)	2/2/1998 4:26:00 AM
From: Thomas	Read Replies (3) of 10852

Zoiks, Beefeater, 400 more layoffs? These are not hamburger flippers we are talking about. Laying off 20% of the satellite building workforce sounds like an exit from the business. Wall street is legendary for it's cyclical hiring & firing, but I would think that a satellite manufacturer would have to sit tight with their idle experts for a while until the new contracts come in. I don't know, maybe there is a big glut of satellite manufacturing engineers out there. Thanks for the heads-up, though. It is good to have ear-to-the-ground folks on this thread. Cheers, Thomas

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