Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: retrorocketrick who wrote (9210)	4/5/2001 7:32:34 AM
From: SafetyAgentMan	Respond to of 10852

<font color=red>Loral Executives Focus On Growth In FSS, Satellite Manufacturing April 2, 2001 This article first appeared in PBI Media's Satellite Today telecomweb.com Loral Space and Communications [LOR] intends to expand its core businesses of providing fixed satellite services (FSS) and manufacturing, while proceeding cautiously in pumping money into the development of new data services. Chairman and CEO Bernard Schwartz outlined the company's future last Wednesday at the Satellite 2001 Conference and Exposition sponsored by PBI Media LLC. One reason for that strategy is the lessons learned through the high-profile financial problems of Globalstar L.P. [GSTRF], the Loral-backed satellite phone venture that cost $4.5 billion to build and has failed to come close to expected subscriber levels, Schwartz said. Loral's growth this year is expected to include contracts to build seven to 10 new satellites and a "steep trajectory" of demand for FSS, the company's executives said. A "favorable environment" exists in the satellite industry to support growth, Schwartz said. Steps taken by Loral to seize that opportunity include building Space Systems/Loral satellites that can provide more power, Ka-band services and two-way, broadband communications, Schwartz said. One example of readjusting business plans to serve the broadband market is the redesign of Loral Skynet's planned Telstar 9 satellite to include Ka-band transponders, said Terry Hart, Loral Skynet's president. That satellite is intended to replace the Telstar 6 satellite at 93º W and to provide an "incremental" approach to offering services to the broadband, Ka-band market, he explained. Loral recently chose to have its profitable Loral Skynet unit pursue broadband opportunities while turning its startup Loral CyberStar unit into a provider of satellite data services for businesses. Profits have been non-existent so far for many companies pursuing the delivery of data services to businesses. Loral CyberStar President Neil Bauer said his business unit's three-pronged strategy is to provide connections with Ku-band and C-band transponders to the Internet Protocol market, to provide corporate private networks and to deliver streaming media services. To keep costs down, Loral CyberStar is expanding prudently, Bauer said. "We're not jumping off a bridge and hoping there is some water down there," Bauer said. Instead, Loral CyberStar is focusing on existing technology that can be deployed today, he added. That allows Loral CyberStar to begin to evaluate the market opportunities immediately and to learn first hand what customers want, Bauer said. "We are talking to our counterparts and competitors on a continuing basis to address the needs of a dynamic marketplace," he said.