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

To: Clean who wrote (10568)	7/28/2003 11:32:19 PM
From: Selectric II	Read Replies (2) \| Respond to of 10852

You're kidding, right? I bet this thing's been timed like a Swiss watch, for the past few years. This situation didn't develop overnight. This is a company in an industry that has long lead times and projections. Hasn't the company said so itself, except when it isn't convenient to do so? e.g. You don't order a satellite today and have it in orbit to do your bidding 24 hours later. If you wanted to invest in a company that did that, you'd invest in something like Wheaties.

To: Clean who wrote (10568)	8/8/2003 1:24:04 PM
From: pcstel	Read Replies (1) \| Respond to of 10852

wonder who got paid what in that time period with lor, and if bernie figured it correctly, he could bank on getting that money back. That's easy! Loral paid Globalstar the ~2.3 million refund for work that was never performed on Globalstar II, 4 days before they filed Bankruptcy. By completing the transaction, Bernie got Loral and himself personal indemnification for Globalstar's Creditors. Now, he files BK and will claim "priority payments" were made to Globalstar. PCSTEL