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Technology Stocks : Orbital science (ORB)

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To: jgibbs who wrote (1813)	6/24/1998 1:59:00 PM
From: Lemur	of 2394

>>Great news. Fifty million seems reasonable for the scope of all that building. Where's the 50 million coming from, not that it matters.<< It's coming from cash raised through the secondary offering. That pile of cash also facilitated our improved credit rating, to BB from BB- (S&P rating). This improvement also contributed to yesterday's movement, which would seem to be in effect today as well. A little more of this & we'll have broken the downtrend, at least. I was hoping we wouldn't have sunk out of sight before the next launch & earnings report turned us around. I'm still hoping.

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