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Technology Stocks : Orbital science (ORB)

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To: dwight martin who wrote (1797)	6/13/1998 10:01:00 AM
From: Steven Johnson	Read Replies (1) of 2394

As a multiyear holder of ORBI stock, I am optimistic that the long term price will trend upwards...and hope this is the low. However, this weeks Barrons has not written a sanguine presentation of Orbcomm...According to Barrons, Orbcomm has 10 satellites in orbit. Of those, according to SEC filing, 8 have "experienced an anomaly in their solar power system resulting in reduced power margins." Orbcomm says they still produce enough power to work--except that 2 of the eight also "have experienced an anomaly in their subscriber transmitters" which means they can't communicate with the ground. Orbcomm is attempting a software fix to work around the anomaly. Even if the fix is successful, the coverage area for the satellites will be reduced. Orbcomm also notes that its first 2 satellites ,launched in 1995, have suffered electronic outages, and one of them has been out of service since mid-February. The launch schedule is running 9 months behind what they projected in 8/96 and the cost has risen 29% over projections due to an increased number of satellites, among other things. Hopefully, most of this has already been factored into the stock price. Steven

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