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

To: John Stichnoth who wrote (6865)	10/13/1999 4:45:00 PM
From: Steven Rachbach	Read Replies (2) \| Respond to of 10852

Today's news story: <<Loral Space & Communications Ltd. will get a $25 million discount on the price of leasing most of a satellite from APT Satellite Holdings Ltd. in exchange for making a lump-sum lease payment. Loral, the second biggest U.S. satellite communications company, disclosed in a filing with the Securities and Exchange Commission that it would pay $273 million next March to APT, a China-backed satellite operator. The fee would have been $298 million if the lease payments were made in installments, the filing said. >> Gee whiz!(or better, no G), having to come up with $273 million in 6 months -- were is the money coming from? --- I thought LOR was runnin' on empty.