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

To: Beefeater who wrote (1538)	12/3/1997 7:10:00 PM
From: Geoff	Read Replies (1) \| Respond to of 10852

As a matter of fact, Readware has some comments today, this should get the thread going again! Too bad my FAQ is still down. I think a bunch of commies run my ISP. I think its time to get my own domain. =============================== Subject: Re: Readware questions Date: Wed, Dec 3, 1997 08:38 EST From: Readware Message-id: <19971203133900.IAA16978@ladder02.news.aol.com> I do not pay attention to day-to-day geopolitical events-- e.g., as you mention in India. Commentary on these events, time has shown, only provides "talking heads" air time and analysts commission dollars for their brokers. As for the other questions: if you read the Loral Investors Conference report from the 26 November Essex House meeting, you can get a good foundation for why one would be optimistic about C* and Skybridge for broadband efforts. The report is some 80 pages in length and every Loral shareholder should try to get copies of it. I do not know if the company does provide everyone with it, however. As for G* and my comments re: Skybridge and their respective businesses. G* announced at the conference that there are now two telephony markets for them-- mobile and fixed site. G* also stated that while mobile was a 30 million addressable market, fixed-site is a 50 million addressable market. Recent announcements by Air-Touch confirm that the move to wireless will be exponential over the next four years-- from 200 million today to 1.2 billion people in 2005. G* also stated that the China Ministry of Telecommunications will be installing fixed site terminals for G. I had stated in September that G apparently had a far better reception in China than originally anticipated. This is the evidence. This means that G's potential addressable market is now 80 million, not 30 million. When I sated I thought C and Skybridge would be more lucrative businesses, it was based on potential user revenues. Now that G's user revenues potential has more than doubled, as G has indicated at the Essex House meeting, the "lucrative differential" narrows greatly. Along these lines, Iridium World has indicated its addressable market is mobile only. ViaSat is a fine technology company involved in DAMA and VSATs. I have already, for what it's worth, stated that their technology is very promising for IP Multicasting, the next internet platform. I am not sure why the stock went to $24 this year-- that represents a 40% earnings growth rate (if you buy on earnings), and I do not believe VSAT is growing at that rate-- its earnings are closer to 25%. Its revenues are growing fast, however, and VSAT is seeking to commecialize many of its appliocations. AsiaSat is extraordinarily well-run. I am unaware of any internet partner yet for C-- no mention was made of that at the conference. And as for the Lehman projected price target on G, I will only say that G* at the end of 1998, assuming all four launches are timely, will be $71/share based on our pricing model algorithm sometime in 1998. I do not know how the Lehman broker reached his price on G*, or what model he may have used. Subject: Re: Skynet Earnings Date: Wed, Dec 3, 1997 08:41 EST From: Readware Message-id: <19971203134101.IAA18564@ladder01.news.aol.com> I think Valuer's comments here on Skynet are right on target, and well-thought out. It does appear that the transponder revenue rate is low, having already risen 7% this year, and appearing to be on a growth path of 7%/year till 2002. Subject: Re: Readware questions Date: Wed, Dec 3, 1997 11:49 EST From: Readware Message-id: <19971203165001.LAA02684@ladder01.news.aol.com> As far as your question on Orion v. Loral arbutrage is concerned, I would think that arbitrageurs would attempt to keep LOR below $24/share since above that price they get less Loral shares for the Orion they hold than below $the $24 price. That's just a guess on my part-- someone in the arbitrage trading business would have a clearer grasp.