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Technology Stocks : Loral Space & Communications

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To: RMiethe who wrote (6033)5/5/1999 8:38:00 PM
From: Valueman  Read Replies (3) of 10852
 
I also agree with Rocket Scientist--with today's action, Loral's stock is showing strength in the face of adversity. Moving Telstar 7 off of Atlas will be a smart move. It is much too important to risk on anything Lostheed Martin related. I don't agree about the wonderful quarter though--it was OK. Either SatMex or Orion did less than expected. I would have expected FSS revenues to be higher if everyone was working according to plan. I expected $34 million in Skynet, $10 million in Orion lease revenue, and $35 million from SatMex. We were shy by $7 million there. SS/L was stronger than expected, so all in all, we came out looking good. Next quarter should look much better for FSS--T*6 is looking sweet.

I look forward to seeing who buys the LockMart preferred. Liberty fits, and they have cash, but not sure what they will do with it. Malone may be monkeying with TSATA, folding in his share in Ka-Star, and launching a Ka-band broadband push that way. We will see in the fullness of time whether Loral is involved in something like this in a role anything more than sat manufacturer. They will likely have Ka-band abilities on T*8 or 9, and a Astra-Net type of service could be done without the C* cost. Maybe Malone and Loral and Malone roll all their Ka-band assets into one lump. Rest assured that if Liberty buys LMT's Loral preferred, Malone will do everything in his power to bring revenue to Loral.

Chalk up another dead SCP for the Hughes HS601(Solidaridad 1). Working on backup now. Statistically, this was not supposed to happen.

Don't forget Andesat in Latin America as well. No doubt Loral will be part of that.
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