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

QCOM 156.25

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1:11 PM EST

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To: Philip H. Lee who wrote ()	3/13/1996 11:44:00 PM
From: Don Limb	of 222

Philip...If your'e looking for a possible killer buy, I think it will be the new spin off from Loral (LOR). As you probably know, Lockheed (LMT) plans to buy out Loral for 9.1 B. The tender offer should expire near the end of March, but it is being delayed by the FTC. When the offer does take place, Loral will spin off a new holding called Loral Space and Comm. It will be made up of 32% GlobalStar, 30% Loral Space, 28% of K&F Industries (a brake mfg co.) and the rest in Latin/Euro air franchises. Plus...it will have no debt, 714M in cash, and at least 120M annual revenue from the Loral Space and K&F Industries. Lockheed will own 20% of Loral Space at the outset. Bernie Schwartz, the current genius behind Loral Aerospace, will become the Vice-chairman of Lockheed, and the CEO of Loral Space. I'm in for the long term, but I believe it should take off like a rocket at the start, with possible buyout interests from AT&T. Motorola is the only competition in global satellites with their Iridium project. Anyway...I'm in. Don

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