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

To: Rob C. who wrote (7428)	3/7/2000 12:53:00 PM
From: jim black	Read Replies (1) \| Respond to of 10852

Well, well, we are now below our net asset value for the parts which include value of SS/L, SIRI 10%, Telstar aggregate, valueing G* as totally worthless. Bernie said many CC's ago that he could sell SS/L with a phone call( would that be for about ~$ 3.50/ share? And the Telstar system, reckon GMH would want that, or perhaps WCOM...This buy and hold strategy is not for light -of-hearts,is it my friends? Long and very much wishing this were in Q*Jim Black

To: Rob C. who wrote (7428)	3/7/2000 1:12:00 PM
From: tuck	Read Replies (1) \| Respond to of 10852

Rob & Jim, A consistent enemy is really a friend. Thanks MER (notice how close that is, phonically, to the French word "merde.")! Sold some 12.5 puts. Cheers, Tuck

To: Rob C. who wrote (7428)	3/7/2000 8:54:00 PM
From: Richard H.	Read Replies (1) \| Respond to of 10852

Here's what ML said in January... Investment Highlights: ú What a year! 1999 may be remembered by investors in satellite stocks as the year of Iridium and ICO?s bankruptcies, but it was also a year of extraordinary gains for the sector as a whole. With a return of 109% for the year, our Satcom index not only beat the S&P500 return of 20%, but also the much-touted NASDAQ return of approximately 80%. What makes this achievement even more noteworthy is that the Satcom index includes data from two companies that fell into bankruptcy. ú The sector closed the year on a high note. Our Satcom index gained 36% in December alone, handily beating the S&P500?s 6% return. All but two stocks outperformed the broader market index. The rally extended to all sectors. The hitherto-moribund MSS sector roared back to life in December. All three traded stocks in this category (GSTRF, IRIDQ, PSNRY) posted double-digit gains, though the logic behind the rise in Iridium shares remains elusive. ú We expect the first year of the new millennium to solidify the importance of data/Internet, touching all facets of the satellite industry, transforming it into the ?Fat Pipe in the Sky?. Major players such as Hughes, PanAmSat, Loral, EchoStar, Pegasus and Gilat should benefit directly and indirectly. ú The explosive growth of the Internet and data is beginning to be felt in the FSS sector, with major players like PanAmSat and Loral Orion beginning to separately report significant revenue attributable to ISP Internet back-haul and data traffic. ú Further demonstrating the Internet?s reach into the satellite sector, private companies like Interpacket, SkyCache, I-Beam and Tachyon are leveraging satellite systems to distribute Web content. ú During 1999, major industry players made significant commitments and completed financings to enable future Ka-band broadband systems. Hughes Electronics committed $1.4 B for the initial domestic portion of its Spaceway system, and a consortium of Lockheed Martin, TRW, and Telespazio contributed $900 M to capitalize the global broadband system Astrolink. ú For 2000, our top rated stocks in the U.S. are Hughes, Gilat, PanAmSat, Pegasus, while internationally we favor AsiaSat, SES and Canal+. We also rate favorably Sirius Satellite Radio, XM Satellite Radio, APT Satellite, Shinawatra Satellite, Loral Space & Communications and Pasifik Satelit Nusantara. Comment Global Satellite Services 5 January 2000 Thomas W. Watts, CFA First Vice President William W. Pitkin Vice President Cyrus J. Boga Assistant Vice President January 2000 Update What A Month! Satellite Stocks Shone Bright in December Reason for Report: Industry Update Merrill Lynch & Co. Global Securities Research & Economics Group Global Fundamental Equity Research Department RC#30201227 Industry