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Technology Stocks : Loral Space & Communications
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To: Valueman who wrote (6089)5/9/1999 11:16:00 AM
From: Rocket Scientist  Read Replies (2) of 10852
 
<Didn't they mention a $100 million/quarter burn rate for Loral, not G*, on this latest CC?>

I definitely had the impression they were talking about Loral, not G*, and I was surprised by the number because if I read the 3Q and 4Q98 statements correctly, Loral was cash postivie during 4Q98 to the tune of 200M$.

In any case, it's clear that a substantial amount of the "burn rate" is for discretionary spending (e.g. LS20.20), capital expenditures at SS/L, etc
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