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To: Valueman who wrote (14399)	7/15/2000 12:03:48 PM
From: KyrosL	Respond to of 29987

What does ICO need G for anyway? An early entry?* I would think that an early entry is invaluable. 3 years is an eternity in the new economy. Kyros

To: Valueman who wrote (14399)	7/15/2000 12:08:15 PM
From: Michaelth1	Respond to of 29987

I'm a loooong time lurker who finally joined SI with the "help" of one of your brethren's "free pass" granted to him as a result of SI's recent technical problems (I won't say who "admitted" me, just in case I aggravate you). First, I want to thank all of you who post such useful information here--this is one of "the" best threads around, imo; lord knows LOR and G* (until perhaps recently) don't release nearly enough status updates of the rollout. I've been long LOR and G* for about 4 years, so I feel the pain of you longs. I've substantially lightened my position over the years and I often write covered calls on my position, so I may be one of the few long-time longs (other than perhaps Maurice) that is actually in the black. I agree with Valueman; it's very unlikely that Loral or G* will be bought anytime soon, at least on a friendly basis (other than perhaps the purchase of LMT's LOR shares). If for no other reason, it's likely that most, if not all, of Loral's upper management's stock options (LOR doesn't let options filter down to the rank and file like most high tech companies) are way underwater (worthless), so a buyout at 12 - 14 (generous premium) wouldn't provide the big payoff that would be required for upper management to potentially sacrifice their jobs. And since few in management (other than BLS) have seen it fit to buy shares with their own money (even at these low levels), stock options and job security are all that matter to management. Compensation at LOR / G* has been a thorn in my side for some time. Most high tech companies (particularly those with market capitalization similar to LOR's) have relatively low salaries and load employees (ALL employees) up with stock options. LOR, on the other hand, treats itself like and established company (BLS' defense industry mindset doesn't help) and gives its employees high salaries and and grants stock options (lots of them) only to upper management. Those high salaries, imo, take the "desperate motivation" that exists in many high tech companies to raise the stock price away from management. The lack of options for the rank and file is bad for moral. A buyout of G* is really only possible by buying LOR and its 45%+ stake in G; the public float would only get abut 30%. In addition, LOR, I think, is managing partner of G, so that 30% wouldn't get you any control. In other words, all roads to G* lead through LOR and LOR, imo, probably isn't selling at these levels. In other words, imo, don't look for any white knights.

To: Valueman who wrote (14399)	7/15/2000 12:12:27 PM
From: E Haiken	Respond to of 29987

You state that "ICO has spectrum, satellites, global coverage, voice/data--the only difference is that G* is up." Obviously, we don't agree on what is an important difference. At this moment, you must admit that ICO does not have very much of anything.