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Technology Stocks : Loral Space & Communications -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Vayda who wrote (6678)	8/19/1999 11:00:00 AM
From: straight life	Respond to of 10852

U.S. Extends Suspension Of Loral's China Agreement Full Coverage China - US Relations WASHINGTON (Reuters) - The United States has extended the suspension of Loral Space & Communications Ltd (NYSE:LOR - news).'s technical assistance agreement to launch SAT-8 satellites on Chinese rockets, the State Department said Wednesday. Spokesman James Rubin said the company had not alleviated the administration's concerns about the program, which may have helped China obtain sensitive U.S. technology. The U.S. administration suspended the agreement last December pending an investigation into whether Loral and Hughes Electronics Corp transferred technology after company satellites were destroyed in two Chinese rocket explosions. ''We have specific concerns that generated the initial suspension of this technical agreement, and those concerns have not been alleviated, so the suspension continues,'' Rubin said. ''The past behavior of the exporting company in general is highly relevant, since a critical factor involving all exports of munitions list items is the reliability of the exporting company and the specific circumstances presented in the license application,'' he added. Loral's agreement would enable the company to export MTCR (Missile Technology Control Regime) control technical data and presidential certification is now required for this, he added. The spokesman said the decision did not imply any blanket ban on business between the aerospace industry and China, a cheap source of rocket launches for U.S. companies. The State Department has, for example, approved Motorola's Iridium satellite launch from China this June and more recently, proposals by U.S. satellite manufacturers to build the Apstar 3 satellite, which is being planned to provide domestic telecommunication services to China, he added.

To: Jeff Vayda who wrote (6678)	8/19/1999 11:25:00 AM
From: Valueman	Read Replies (3) \| Respond to of 10852

Jeff: As a "for instance", Alliance owns 28 million shares(recently reduced by 4.8 million through an option transaction). So, the selling could conceivably go on for a long time if someone like that is behind it(or Fidelity, or Capital Guardian, etc.). Remember that they did not get the blocks sold from 18 1/2 up to 19+. Those are still likely to return. If nobody surfaces as a buyer for these shares, they act as a cap. The stock goes down to find buyers at a lower level. It is happening today. When the ask pops up to 7/16, that 50K piece is not dented. So, back down we go. When all that overhang is gone, we likely go up.