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Technology Stocks : Loral Space & Communications
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To: Valueman who wrote (2542)4/8/1998 11:39:00 AM
From: Valueman  Read Replies (1) of 10852
 
Another 30,000 went by at 14 3/4, but it appears to have ceased. Here is a summary of the Unterberg downgrade on VSAT, courtesy of AOL member:

They changed from Strong Buy to Buy based on "valuation "At 18 1/8 Viasat is only 16% and 27% from our 12 to 18 month price targets of $21-23 per share,respectively. However, we remain extremely positive about the company's business due to its healthy backlog,strong management,leading DAMA technologyand recently announced PCMA technology."
Their extimate for 98 is Rev-63.4 Earnings 0.62 a share 1999 Rev-81.5 Earnings 0.77 per share.

Well, since we are now 40% and 53% away from the price targets, they will have to upgrade!
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