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

To: stantheman who wrote (6967)	11/11/1999 2:58:00 AM
From: SafetyAgentMan	Respond to of 10852

This is great news. Cyberstar was one of the main reasons I invested in Loral, but the project was dying because G* was consuming all of Loral's resources. If BG comes on board Cyberstar will most likely get an infusion of cash. I also always felt that the overhang from the LMT shares was one of the main reasons there was such a large short position in Loral. If MSFT buys the LMT shares the shorts will cover their positions. Hard to believe, but we could really be back on track in 6 months. Skynet fully booked, CyberStar coming on line and G* reporting good subscriber numbers. Let's get back to the future.

To: stantheman who wrote (6967)	11/11/1999 6:11:00 AM
From: Sawtooth	Read Replies (1) \| Respond to of 10852

Another view: Microsoft to unveil key partnership By CNET News.com Staff November 10, 1999, 11:15 p.m. PT update Microsoft's chairman and president are preparing a major announcement that may involve a significant investment in a company that provides high-speed communications services. Microsoft said in a cryptic statement today that it would announce a "strategic partnership" tomorrow, touching off a flurry of reports and speculation of possible deals. Bloomberg quoted industry analysts who speculated that Microsoft might buy Lockheed Martin's stake in satellite company Loral. Reuters, meanwhile, reported tonight that top executives of Gigamedia, a Taiwanese company that provides high-speed Internet connections, were in Seattle negotiating an investment by the Redmond, Washington, software giant. Microsoft refused to comment on either of the reports. Earlier in the day, Quote Snapshot MSFT 87.12 -1.75 LOR 16.50 +0.69 Enter symbol: · Symbol Lookup More from CNET Investor Quotes delayed 20+ minutes the company said only that an important announcement would be made, adding the tantalizing detail that chief executive Bill Gates and president Steve Ballmer would be on hand for the event. The timing and nature of any deal expanding Microsoft's business interests are particularly sensitive, given U.S. District Judge Thomas Penfield Jackson's finding of fact only days ago that said the company already holds a monopoly status in computer operating systems with its ubiquitous Windows software. At a shareholders meeting just today, however, Gates steadfastly refused to relent on his company's right to continue technological advancements despite the federal antitrust trial over which Jackson presides. To that end, the Loral and Gigamedia reports are both plausible, as Microsoft has made no secret about its intentions to delve into the communications pipelines that are crucial to the development of the Internet and, therefore, its software business. Microsoft took a $5 billion stake in AT&T this spring and has made many other investments in Baby Bells and other communications companies. Bloomberg cited Keith Patriquin of Loomis, Sayles and other analysts as having heard that Microsoft may buy Lockheed Martin's 14 percent share in Loral, valued at $565 million. Initially under pressure from the Justice Department to sell its stake to win approval for its planned purchased of Comsat, Lockheed has apparently decided to divest even though the government has dropped that condition. In the Gigamedia report, an unidentified executive told Reuters that his company is discussing a Microsoft investment of T$1 billion ($31.6 million) and that more would be disclosed shortly. "I can't give you more details because our top-level company leaders are all in Seattle and only they know," the executive was quoted as saying. In addition to its stunning investment in AT&T, a byproduct of last spring's bidding war for MediaOne, Microsoft on Friday invested $200 million in broadband service provider Teligent. That's on top of a $200 million stake in telecom Qwest, $600 million in wireless player Nextel, $300 million in Dutch cable leader United Pan-Europe Communications, and $500 million in NTL, Britain's third-largest cable television operator. Before the AT&T deal, Microsoft's largest broadband investment was a $1 billion stake in Comcast, one of the nation's largest cable television operators, in June 1997. Microsoft further owns a 10 percent stake in Road Runner, Time Warner's cable Internet service. yahoo.cnet.com