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

To: Jeff Vayda who wrote (10243)	10/8/2002 8:07:43 AM
From: Jeff Vayda	Respond to of 10852

They would rather buy back their own shares than buy Loral? Guess BLS continues to annoy people. The buy back would eat up most of the free cash flow (if the buy back is done over just the two years free cash is quoted.) Aren't most buy backs conditional over a 5 year period? Jeff Vayda Lockheed to buy back 23m shares Financial Times 10/08/02 author: Christopher Bowe Copyright (c) 2001 Dow Jones Reuters Business Interactive Ltd.,trading as Factiva. Lockheed Martin, the US defence contractor, yesterday said it intended to buy back up to 5 per cent of its shares, or 23m of about 455m shares outstanding. The repurchase plan comes as Lockheed's shares are trading near one-year highs and have steadily risen for almost three years. Its shares closed yesterday up 1 per cent, or 44 cents, at $61.44 in New York trading. The defence industry is one of few solid performers in the recent market volatility, helped by increased US military spending. Lockheed has benefited from this increased spending. In July, the group raised its free cashflow estimates for this year and next year amid higher expectations for sales and profits. It expects combined free cash for 2002 and 2003 to be $2bn, against $1.6bn.

To: Jeff Vayda who wrote (10243)	10/9/2002 10:04:36 AM
From: Jeff Vayda	Respond to of 10852

Shin Sat's board nods in favour of $390m loan Business Day (Thailand) 10/09/02 (c) 2002 Business Day (Thailand) SHIN Satellite, one of Asia's leading satellite transponder providers, said yesterday that its board had approved a US$390.2 million syndicated loan to finance the company's latest satellite project. Shin Satellite or Sattel, said that the loans would be used to fund its new satellite project, iPSTAR, which is expected to be launched by the middle of next year. The company said the board's approval was Shin Satellite's green light to go ahead and re-negotiate the terms and conditions for the project. The re-negotiations are expected to be completed within the next two weeks. "We are still in negotiations and expect a deal to be signed within the next two weeks," Dumrong Kasemset, a director at Sattel, told Business Day. The $390 million loan will be divided into three parts, with the first part comprising $184.5 million from the Export-Import Bank of United States. The second involving $80.7 million from France's Compagine Francaise d'Assurance pour le Commerce Exterieur. These two loans are expected to be paid back in eight years. The remaining $125 million will come from commercial syndicated lenders, Sattel said in a statement to the Stock Exchange of Thailand (SET). As part of the company's plans to continue to expand its iPSTAR operations, the board has also approved a $25 million purchase plan for the gateway systems. Sattel is 51 percent owned by Shin Corp, Thailand's largest telecom conglomerate. It is the sole satellite operator in Thailand, with three satellites covering Asia, Australia, Middle East and Europe. Sattel has in said in the past that it expects iPSTAR to be the key driver for revenues in the future. It has also said previously that the company would see its revenues rise by as much as four times once the satellite is successfully launched.