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Technology Stocks : Orbital science (ORB)

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To: Yanan Mou who wrote ()	5/29/1998 9:20:00 PM
From: Lemur	Read Replies (2) of 2394

Three consecutive days of higher closing prices - at least the hemorrhaging has stopped. It's a shame the volume is crappy. At least we didn't see the share price stop & re-base down below 40 (although it's still possible). With a little luck (okay, some positive fundamental news followed by improved investor sentiment) we can rebuild that nice base we had at $43-44. All those shares place at $45 7/8 in that secondary offering are coming in quite helpful these days. Without them, the free-fall (the one we may still be in right now) would have been/would be steeper and deeper! Starting in a couple of months we'll see the benefits of the cash raised from the secondary offering. I hope they raised enough to churn out some of those projects in the backlog. Does anyone know what projects are up-to-bat besides the ORBC activities? One note about the ORBC IPO. How much of the capital raised do you think will flow straight into ORBI coffers? As the ORBCOMM "division" gets spun off into it's own company, they will have to pay ORBI for services rendered. So, spinning off ORBC will not only remove ORBCOMM operating losses from ORBI's balance sheet, but should provide another cash infusion as well. Any thoughts on this? Lemur

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