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Technology Stocks : CDRD (CD Radio) -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (876)	11/28/1999 11:08:00 AM
From: Manfred Sondermann	Respond to of 904

It was CDRD who said that the service launch would not be delayed, not me. And it is because of these Proton problems that there were 4.06 million shares shorted on Oct 8,1999 (even three weeks before the second Proton crash), which is a bigger number of shares than all shares that are floating (3.5 million). Probably some institutional investors are insuring their positions against launch failure.

To: Dennis Roth who wrote (876)	11/29/1999 7:31:00 AM
From: Jeff Vayda	Respond to of 904

Dennis: as you have seen, it is all about money. They can do whatever they want and launch, it just depends on how much money they are willing to spend/save. the Protons have been very reliable rockets as a 'name'. The trouble is that today everyone is changing their rockets to 'upgrade' them. It takes time to work through all the variables that may or may not effect you. Sometimes things dont work right for years and it takes a certain alignment of events to even notice the 'less than optimum' condition. That is just the business. Having said that, I believe they will have the Proton up and launching by this spring. It is a big money maker for all involved. (unfortunately such a money maker that there is the possibility that things will be rushed.) There are enough other payloads in the que so that the confidence in the Sirrus launch should be as high as normal. Then again, I thought the Globalstar Zenit launch was a good idea. Being in the business tends to make me confident in the abilities and not so shocked when things dont go right. Jeff Vayda