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Technology Stocks : LLL: L-3 Communications Hldgs. -- Ignore unavailable to you. Want to Upgrade?


To: Jon Koplik who wrote (1)4/15/2001 5:36:02 PM
From: Jon Koplik  Read Replies (1) | Respond to of 14
 
Is this company different from Level 3 ?

Jon.



To: Jon Koplik who wrote (1)4/16/2001 9:51:59 AM
From: Rocket Scientist  Read Replies (1) | Respond to of 14
 
The name L-3 represents the names of the founders/main investors, I believe: Lockheed, Lehman Bros, Lanza, although LaPenta
(CFO) could be one of L's I suppose.

Under the original deal in the Loral spinoff to Lockheed Martin, Lanza became a Lockheed Martin Exec VP, COO and Board member.
Some time later, the businesses now constituting L-3 (most or all of which came originally from "old" Loral) were spun off as an
independent company under Lanza.

L-3 HQ is at the same Manhattan, NY, address as Loral. In fact, I believe it's one floor of the old Loral HQ suite.