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Technology Stocks : Orbital science (ORB) -- Ignore unavailable to you. Want to Upgrade?

To: Irene Harvey who wrote (690)	1/6/1998 6:50:00 PM
From: Steven Johnson	Read Replies (2) \| Respond to of 2394

Although I did not hear the CEO speak, DJ news has reported on what he said. You need a password so I won't give URL. He stated that Orbi's core business of space system manufacturing will sustain strong profitability, but its focus has gravitated toward satellite networks. "Our major investments have been in satellite networks that are going to enable global messaging and paging at very low costs and global imaging." "The demand we see for space infrastructure is really booming." "we added $1.5 Billion to our longterm contract backlog in the company's manufacturing sector last year alone and we see no sign of that letting up for the forseeable future." Fueled by global demand, he sees the $55 billion satellite industry market growing another $8 billion or $10 billion this year and continuing this pace into the next century. Rather positive in outlook...probably accounting for most of the rise today. Although there could be some short covering. A short term buy I wouldn't think would cause the stock to hit $32.75 at one point. Perhaps momentum investing? Steve