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Technology Stocks : Loral Space & Communications
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To: Jeff Vayda who wrote (6045)5/6/1999 1:14:00 PM
From: RMiethe  Read Replies (1) of 10852
 
I think poster RocketScientist is right on in his post today.

I will tell you why I have this feeling that Vman's comments may be right about the little fish getting swallowed by the big fish. Vman has been talking about AT&T for a while now, and I see this man Armstrong buying just about everything that is landlocked for his communications empire. The only thing he hasn't bought is a satellite franchise, which he needs to complete the picture. It seems every other week he has bought something else.

I am not saying in any way that I know what AT&T is going to do in the future-- because I don't. However, if you watch someone's behavior for a while, you get a picture of what that person is like, and what they are about. Well, it doesn't take a rocket scientist to look at what Michael Armstrong of AT&T is about. That is why I said I was afraid LOR would be bought out below what it a fair price for it. I agree that LOR is worth more than 2 or 3 times its current value-- if you look out to FY 2002. You just have to wonder if AT&T is going to wait that long. Like I said, I have no idea what AT&T is going to do, and am not saying that they will do anything at all.

However, the easiest way to get a business is to go on the tape and bid 2 times what an undervalued stock is worth, and that's that. I saw it happen with Marathon Oil (which I owned) back in 1982. Company said no way no how were they for sale, and Mobil went on the tape and bid cash for them and that was that.

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