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Technology Stocks : Loral Space & Communications

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To: Dragonfly who wrote (2919)5/13/1998 4:00:00 PM
From: David Alders  Read Replies (2) of 10852
 
DRUDGE REPORT
By Matt Drudge
Wed May 13 1998 13:44:29 EDT

REPORT: TRANSFER OF TECH TO CHINA WITHOUT PRESIDENTIAL WAIVER

**Newspaper Developing Blockbuster**

The DRUDGE REPORT has been briefed on a new shock story coming from Jeff Gerth of the NEW YORK TIMES. The report, expected to drop in the next week, will present evidence of what is said to be illegal sales and a transfer of technology to China 'without' presidential waiver.

Being described as a 'high impact' story, Gerth's report has become the talk of official Washington.

Gerth has collected more information and has more material on the situation than even the FBI, according to intelligence.

"It's going to be one hell of a report, with deep implications," a well-placed Washington source with specific knowledge tells the DRUDGE REPORT.

Just when the story will break has become top intrigue in the capital city.

Gerth's first alarm on U.S./China tech ran Page One on a Saturday -- the day of lowest circulation for the NEW YORK TIMES.

"There is something other than news going on in the newsroom if that happens this time," notes one story watcher.

The story is said to revolve around the illegal sale of classified missile guidance technology to Communist China -- as well as the satellite launching technology known as MIRVING: MULTIPLE INDEPENDENTLY TARGETED RE-ENTRY VEHICLE.

On May 2, the Chinese launched a missile that carried two satellites that will help create a global cell-phone network for MOTOROLA, super reporter Bill Gertz will reveal in an upcoming NATIONAL REVIEW.

When there are two satellites on one -- MIRVING is present.

The Administration's spin will be that this specific technology is tightly guarded, the DRUDGE REPORT has learned.

"But clearly China has got it, they're getting it," says an insider. "They are building the missiles .. they've got it somehow."

Space launch technology is identical to that used by strategic missiles.
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