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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT -- Ignore unavailable to you. Want to Upgrade?

To: djane who wrote (6242)	7/30/1999 9:45:00 AM
From: Jeff Vayda	Read Replies (1) \| Respond to of 29987

Djane: wrt new president. Yes I caught that and did not quite get his meaning. He danced around the question a bit and gave a couple of different answers. The last one seemed to imply that the choice was made (the guy who currently has it) but that other reorg changes will result and those are the ones still to be finalized. So, on the one hand, I am not getting my desire of a 'marketing' type coming in from out of house. But there is still hope as the 'other' items alluded to might be the addition of an outsider to handle the marketing. Would mesh nicely with the October push, to announce a major marketing type coming in. Jeff Vayda

To: djane who wrote (6242)	7/30/1999 9:57:00 AM
From: djane	Read Replies (1) \| Respond to of 29987

Reuters. Loral Space sees loss deepen for the year Thursday July 29, 1:20 pm Eastern Time NEW YORK, July 29 (Reuters) - Loral Space & Communications Ltd. (NYSE:LOR - news) posted a narrowing second quarter loss on Thursday, but said its net loss would deepen in line with the company's forecast for the year. Loral, which builds satellites and provides a range of satellite-based telecommunications services, reported a second quarter loss of 17 cents on revenues of $345.4 million, compared with a loss of 27 cents on revenues of $330.1 million the prior year. Wall Street expected the company to report a loss per share for the quarter of 23 cents. ''While reported EBITDA is expected to improve in the second half, Loral's net loss will deepen, consistent with our forecast for the year,'' said Bernard Schwartz, chairman and chief executive officer. ''The expected loss is attributable to increased interest and depreciation expenses, as well as to the planned costs of deployment as Globalstar service gets underway, and to increased expenses at Loral's Globalstar service ventures in Brazil, Mexico, Russia and Canada.'' Loral is the largest investor in Globalstar, which is building a $2.6 billion network of low-earth-orbit satellites to provide global communication services. Globalstar's network development was beset by delays and mishaps, including the loss of a dozen satellites in a rocket crash in Sept. 1998. Schwartz also said bookings declined for the second quarter to $283 million, before eliminations, down from $832 million in a particularly strong quarter a year earlier, but added that, ''both backlog and bookings are expected to show year-over-year improvement at the end of the year.'' The company said it remains on track to meet previously announced earnings per share target. Analysts anticipate the company will report a loss of $1.03 per share for the full year. Loral Space Communications designs, makes and integrates telecommunications, weather and direct broadcast satellites. Shares were off 31 cents at $18.87 on Thursday. More Quotes and News: Loral Space & Communications Ltd (NYSE:LOR - news) Related News Categories: US Market News Help Copyright © 1999 Reuters Limited. All rights reserved.