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Strategies & Market Trends : Asia Forum

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To: Stitch who wrote (2598)	3/11/1998 10:21:00 AM
From: Mohan Marette	Read Replies (1) of 9980

ref: LOR Stitch: Speaking of Loral, as you probably know this is a spin-off from one of them big defense companies,don't recall which one could be Lockheed or Martin Marietta.I think spin-off happened couple of years ago,but the stock has been trading between 15-20 range for a while since they were in the developmental stage. Very high P/E but don't let that scare you as revenue stream has only begun to start flowing. April is going to be interesting as they got a few more satellites planned for launch and in June 98 a couple of dozen satellites will be launched making the total satellites in orbit some 36. By june the stock should be around the 50s range assuming all the launches go smoothly and functions without problems. Then in early part of 1999 they will launch the rest of the satellites enabling them to provide all sorts of wireless communications around the world. I wouldn't surprised if the stock hits the $100 mark by second half of 1999. Look at Globestar they are already in the 70s and they have hardly any revenue yet.<gg> High risk biz but could be rewarding as well. I am thinking of taking a position. Let me know what you think of the company,will you?

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