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Technology Stocks : Orbital science (ORB)
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To: Fred Levine who wrote (2081)3/5/1999 10:58:00 PM
From: RP Svoboda   of 2394
 
Fred, from the press release. . .

<<Space agency officials were speculating that a telescope cover may have been accidentally ejected from WIRE soon after launch,
allowing sunlight to warm the spacecraft. The ejection was not supposed to happen until Sunday.>>

I interpreted that it was an active event that accidentally ejected the cover during the sats out-gassing phase. Although unlikely, it is possible that someone or something sent a wrong command.

As for all the lawsuits, could someone please explain to me the implications of having 10 or so "ambulance chasers" all representing the supposed interests of shareholders during the class action period. I have never owned a stock where this has happened.

- Does ORB have to waste time, effort and resources to fend off each and every one of them individually?

- or will there be one court case where ORB would have to settle if found guilty?

- Assuming the latter is correct, is each law firms solicitation (news release) an attempt to get a piece of the possible class action settlement? In other words, if shareholders who bought during the inclusive dates only go to three of the law firms to be represented, will the other seven firms go away?

As a side note, the most recent conference call addressed the timing of the insider sales in relation to the discovery of the need for accounting changes. ORB had their ducks in a row and were very prepared for the question.

Boda
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