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Technology Stocks : Gilat satellite networks (GILTF)

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To: Lenny Ehn who wrote (203)7/29/1998 3:28:00 PM
From: Claude Edelson  Read Replies (1) of 350
 
targets range from 45 to 60 from what I have read. It appears that the stock will be held back until the agreement with ge (expiring at the end of 98) is renewed or not renewed. Risk of nonrenewal is a loss of 10% of revenues but they could compensate with other deals. Also, given that the pagenet deal came via ge spacenet, I am betting they get a renewal from ge.

Claude
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