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Technology Stocks : Loral Space & Communications
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To: Dragonfly who wrote (3386)5/25/1998 5:53:00 PM
From: Hiram Walker  Read Replies (1) of 10852
 
Dragon, good theatre though wasn't it,and on a holiday! But I do believe their revenue projections are way off. They are projecting in today's dollars,and not incorporating pricing pressures,and deflationary tendencies on their future revenues. Look at the cellular arena to see what has happened to pricing in large cities when there are more than 5 major players in a market.
Hiram
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