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Technology Stocks : Loral Space & Communications
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To: zebraspot who wrote (3491)5/29/1998 12:22:00 PM
From: dougjn  Read Replies (1) of 10852
 
As more info comes out, it looks less and less as though Loral did anything clearly illegal, or clearly injurious.

Instead, Loral's insurance review may have transmitted to the Chinese limited low level info, and perhaps tended to confirm to them that their basic guidance system was serviceable, if production quality (better soldering) was enhanced.

Some hard line Air Force personnel had a real problem with this and recommended prosecution. I would bet those same personnel were dead set against any Chinese launches of US satellites, period. It appears that the rules by no means made it clear that Loral could not do the accident review. (Subsequently rules were promulgated to make it clear that missile accident reviews require a prior license.) It also appears very unclear that any new or important information was passed to the Chinese. If it had been, I can't imagine that the granting of another launch license to Loral would have deterred Justice from prosecuting.

The more that comes out, the less it appears likely that Loral will be significantly damaged. And the more it appears that in reality Loral was caught up in an internal debate between some hard-liners in the Air Force and elsewhere who were against any Chinese launches of US satellites, and others, who believed the Chinese already had missile capacity, and that commercial co-operation was a way of building stronger relations, and opening up Chinese telecommunications.

Doug

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