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Technology Stocks : Loral Space & Communications
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To: Bernard Levy who wrote (3788)6/15/1998 1:04:00 PM
From: Slick  Read Replies (2) of 10852
 
Well folks, as predicted by me, the Japan recession is dragging Asian markets and currencies down further into the deflationary vortex. US markets are reacting (big surprise).
And LOR stock has dropped a bit. Believe me, the chilling effect has yet to show its full impact. G* just has too much Asian exposure worked into its business plan, and this was repeatedly vaunted as a positive during the past year. $1/min US might just translate into $30/min in countries that can least afford it. Something has to give here. The projections for G* subscribership and/or earnings projections need to be revised or run the risk of being viewed as rose-colored.
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