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Technology Stocks : Orbital science (ORB)

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To: dwight martin who wrote (1799)6/16/1998 12:22:00 AM
From: DIAMOND JIM  Read Replies (1) of 2394
 
Hi Dwight it's been a while since I visited. The run to $50 was quite a momentum driven event with a string of apparently positive developments. ORBCOMM was and remains the focus of most analysts. The revelation of the sat problems confirms a number of rumors about these difficulties. The thing that concerns me the most is the very short life span of the first two birds. Although early models you would think they would be more rigorous.

The exceptionally high PE at those lofty levels of $45+ were not sustainable even without the sat problems. ORBCOMM revenue projections are high as well and I think the market has a touch of ole Missouri right now. When to buy back? I would look again at $25-27 but we are watching things closely. Many regards DJ
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