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Technology Stocks : Loral Space & Communications

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To: Valueman who wrote (5457)	3/10/1999 8:54:00 PM
From: kitterykid	Read Replies (1) of 10852

Valueman et al: Listened to Bernard S. deliver keynote address at ING Barings Furman Selz satellite conference in NYC today. He was in great form, confident, and with a good amount of humor. Quite a few whiny questions about the ability of GSTRF to finance remaining $600 Million required this year to finish project. Bernie won't sell equity to public and believes there will be no need for service provider partners to pony up additional funds. Plans to go back to high yield market whether in 4 weeks or 4 months and isn't concerned if the rate is 15-20%. He added that LOR could "write a check" for $600MM tomorrow if need be. He pointed out with great alacrity the major differences between G and I. He is very sensitive to his discouraged and disappointed shareholders but clearly believes they will be well rewarded in the future. If investors are too short term oriented or can't live with the current performance, they shouldn't be in the stock. I left the meeting feeling very good about my investment in LOR and GSTRF!! (QCOM too for that matter!!)

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