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Technology Stocks : Loral Space & Communications
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To: Valueman who wrote (3155)5/20/1998 12:44:00 PM
From: JMD  Read Replies (2) of 10852
 
Valueman, thanks for Galaxy 4 comments. Sounds like a very strange day at the office.
Let me clarify: you stated that it costs $10MM annually to keep a bird aloft and that 40 to 50% of that number is insurance? Yikes! Doesn't that mean that you're paying say 8 years x $5MM/year or $40MM to insure a bird that cost $100MM out of the shoot?
Have I had too much French Roast this AM or is my new Hewlett Packard acting as goofy as Galaxy 4? Regards, Mike Doyle
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