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

To: Nancy Haft who wrote (6902)	10/25/1999 9:27:00 PM
From: Valueman	Read Replies (1) \| Respond to of 10852

Another announcement of a deal done in the satellite broadband industry that does not have the name "Schwartz" or "Loral" in it. People wonder why I lose faith in Loral--someone on AOL was kind enough to call me a "jackass" and a "manipulator" for pointing out that I had sold half my Loral, and traded a little into Geneva. Well, call me what you will, but I will continue to criticize management for lack of execution. Loral's broadband plan is non-existent. Liberty slipped right through their hands, as did AOL. Prime partners are running out. Our CEO, always praised for his deal making prowess, is faltering, or is keeping the big news to himself. Loral continues to slide without a word from management. It is pathetic. I am all geared up for another love-fest on tomorrow's conference call---it never fails to disappoint. Not a soul asks difficult questions. I'll do my best, but the last time I brought up a sticky subject, they flat out lied to me. So, we shall see what tomorrow brings. Monday October 25, 5:35 pm Eastern Time Liberty Media to buy 31.6 pct stake in Astrolink NEW YORK, Oct 25 (Reuters) - Liberty Media Group (NYSE:LMGa - news), the cable TV programming arm of AT&T Corp. (NYSE:T - news), said on Monday it signed a deal to invest $425 million in Astrolink, a wireless broadband venture, and would become its largest stakeholder. The investment, which would give Liberty a 31.6 percent share of the venture, brings the total equity in Astrolink to $1.325 billion, the company said. Astrolink is a three-month-old planned network of satellites designed to provide a high speed communications services. Liberty Media's investment, expected to be completed within 30 days, brings Astrolink to ``substantially all of its equity target,' a statement said. Other stakeholders include Lockheed Martin Global Telecommunications, a unit of Lockheed Martin Corp. (NYSE:LMT - news); Telespazio, a Telecom Italia Group's (NYSE:TI - news) company; and TRW Inc. (NYSE:TRW - news). Astrolink is scheduled to begin service in 2003. Earlier on Monday, Emmis Communications Corp. (NasdaqNM:EMMS - news) said Liberty Media will buy about 14 percent of Emmis for about $150 million. Liberty's shares fell 5/8 to 36-7/8 in Monday trading on the New York Stock Exchange.

To: Nancy Haft who wrote (6902)	10/28/1999 9:07:00 PM
From: gial	Respond to of 10852

I don't need to read any technical chart to know that LOR is breaking every supports, and on heavy volume, especially on a day when NAZ is up 70 some points, not to mention the nice move of GMH. LOR is more than 50% owned by institutions, I wonder if these people are selling. G is not quite equal to L. When iridf went belly up, MOT did not suffer; so even if gstrf follows the iridf path, why would LOR suffer? LOR is not the only financier of gstrf. Still, I am beginning to lose faith in the LOR management, and am seriously thinking about taking the loss now. The stock performance simply makes me sick.