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Technology Stocks : CDRD (CD Radio) -- Ignore unavailable to you. Want to Upgrade?

To: BARRY ALLEN who wrote (517)	12/21/1997 11:58:00 PM
From: Candle stick	Respond to of 904

Great news! Finally a little publicity about the ridiculous current valuation of CDRD and the plausiblity of the entire concept.....this should bring in some long selling and a fresh round of short sellers...look for the MM to fade the price even before the open tommorow....Barry, LORAL only put up 25 million towards CDRD to lend them a bit of credibility so that CDRD could get the secondary off the ground. Loral is not in the business of investing in other companies. They are in the business of building satelites......CDRD has contracted them for something around 200 million dollars worth of work. So, you can easily see that it is in Loral's interest to see that CDRD survives so that they can get paid. That 25 million "investment" was more like a kickback of sorts (in my opinion) to insure the order for CDRD satelites. Now, if CDRD fails to produce the cash, I guess Loral will just repo the satelite and sell it to someone else....in either case its win-win for Loral, and has nothing to do with their belief or disbelief in the concept....they just want to get paid like everyone else out there........8-11$ before yearend was my original prediction.....do you think we can still make it?!!!! I think we just might!!!!.................;^)