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Technology Stocks : Orbital science (ORB)
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To: Mohan Marette who wrote (861)2/5/1998 5:38:00 PM
From: Michael Young  Read Replies (2) of 2394
 
I listened to the call. Earnings would have been higher except for a big reserve in case of future launch problems. Orbcomm and Orbimage also incurred big losses, as expected.

Thompson said Asia no problem. Any potential softness in those markets would be soaked up in other regions.

Said IBM has signed on to become a major VAR for Orbcomm services. Also Hughes Electronics.

The "selling on the news" was pretty limited. I'd love to add some shares around 35.

MIKE
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