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

To: Steven Rachbach who wrote (6866)	10/13/1999 5:07:00 PM
From: Rocket Scientist	Respond to of 10852

The filing is short and sweet: "Item 5. Other Events. On September 28, 1999, Loral Asia Pacific Satellite (HK) Limited ("Loral Orion HK"), a subsidiary of Loral Orion, Inc., closed the previously announced transaction with APT Satellite Company Limited ("APT") pursuant to which Loral Orion HK acquired all transponder capacity on the Apstar IIR satellite (other than with respect to one C-band transponder) from APT via a lease through the end of life of the satellite. Loral Orion HK will also have the option to lease from APT replacement satellites upon the end of life of Apstar IIR. In connection with the closing, Loral Orion HK notified APT that it will prepay on March 27, 2000 all then remaining installments of the purchase price. As a result of this prepayment election by Loral Orion HK, the aggregate amount of the purchase price was reduced from approximately $298 million to approximately $273 million. Insurance proceeds from the Orion 3 launch failure will be used to fund substantially all of such purchase price."

To: Steven Rachbach who wrote (6866)	10/18/1999 11:43:00 AM
From: Skywatcher	Respond to of 10852

NetSat Express, A Subsidiary of Globecomm Systems Expands Internet Services In The Americas and The Caribbean HAUPPAUGE, N.Y., Oct. 18 /PRNewswire/ -- NetSat Express, Inc., a subsidiary of Globecomm Systems Inc. (Nasdaq: GCOM - news), today announced that it has awarded a contract to Satelites Mexicanos, S.A. de C.V. (Satmex) for the use of the Satmex 5 satellite. Under the terms of the contract, NetSat Express acquires access to a full 36 Mhz. transponder on the Satmex 5 satellite. This enables NetSat Express to expand its high-speed Internet and Intranet Access Services via a new 9.3-meter antenna at Globecomm Systems' Long Island International Teleport, in Hauppauge, New York. These services provide a direct connection to the U.S. Internet backbone for ISPs in the United States, Central America, Mexico, and South America. According to Burt Liebowitz, President and Chief Operating Officer of NetSat Express, ''Adding Satmex 5 to our growing satellite network is a major step in the expansion of our global Internet services. We now have the ability to provide worldwide high-speed Internet and Intranet access services on six satellites, with continuous round-the-clock global management and control from the NetSat Express Network Operations Center.'' Using Satmex 5, NetSat Express will provide a number of Internet services for ISPs, including the NetSat Express Access Plus Connect and Access Plus Receive Only services. The satellite Receive Only service is particularly attractive where a terrestrial infrastructure provides an adequate request channel. By using Access Plus Receive Only, the customer can be up and running quickly and can upgrade to a 2-way satellite system at a later date. NetSat Express offers full end-to-endInternet/Intranet solutions by providing equipment, satellite capacity and teleport services as a bundled service package. Satmex is a partnership between Principia, a Mexican telecommunications holding company, the Mexican Government, and US-based satellite operator Loral Space & Communications (NYSE: LOR - news). NetSat Express provides satellite-based Internet access services, digital media distribution services, and integrated data, voice and video communications services. The parent company of NetSat Express, Globecomm Systems, designs, assembles and installs ground segment systems and networks and enterprise service solutions which support a wide range of satellite communications applications, including fixed, mobile and direct broadcast services as well as military applications. The Company's customers include prime communications infrastructure contractors, government-owned PTTs, other telecommunications carriers, producers anddistributors of news and entertainment content and other corporations. chris