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Technology Stocks : Loral Space & Communications

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To: Valueman who wrote (5537)	3/20/1999 6:53:00 PM
From: Ok2Launch	Read Replies (1) of 10852

Preferred stock . . . The following statements appear in the recent prospectus for the upcoming annual meeting: The Board has no present plans, understandings or agreements for issuing any Preferred Stock and the Board does not intend to issue any such shares except on terms that it deems to be in the best interests of the Company and its shareholders. In the event of a hostile attempt to take over the Company which the Board determines is not in the best interest of the Company and its shareholders, it may be possible for the Board to issue Preferred Stock with rights and preferences which could impede the completion of a takeover. Such possibilities may make the Company less attractive as a takeover candidate and may deter takeover attempts not approved by the Board.

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