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Technology Stocks : Orbital science (ORB)

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To: Yanan Mou who wrote ()9/23/1998 11:27:00 AM
From: Allen Brinegar  Read Replies (1) of 2394
 
Buy recommendation from Merrill Lynch

10:25am EDT 23-Sep-98 Merrill Lynch (Investor Support) AMCALL ORB SUMMARY
ML++ML++ML Merrill Lynch Global Securities Research RESEARCH SUMMARIES
Intra-Day Special Notes; ORB
Investor Support
23 September 1998
Orbital Sciences (Orb, $23 1/4, D-1-1-9)
98E $0.82 99E $1.39
o Completes ORBCOMM Launches
o Orbital Sciences completed it 28 satellite basic ORBCOMM constellation this morning.
o We view this as a very positive development. Delay of the last two launches was largely
responsible for ORBCOMM's failed IPO in the spring and, to an extent, for the stock's
decline over the past four months. Completion of these launches is likely to be a positive
price catalyst.
o The company tells us there are currently 7,000 ORBCOMM units installed, putting
them on track to reach our 20,000 end of year projections.
o We reiterate our Buy recommendation."
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