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Technology Stocks : Osicom(FIBR) -- Ignore unavailable to you. Want to Upgrade?

To: David Pawlak who wrote (5001)	1/29/1998 11:16:00 AM
From: David Y. Yu	Respond to of 10479

I see. Thank you for the info.

To: David Pawlak who wrote (5001)	1/29/1998 11:29:00 AM
From: nosebush	Respond to of 10479

there was speculation or a rumor about a possible interest in Fibr by Cisco.I found this on the Lsi thread&thought it made interesting reading. I hope the author won,t mind my reproduction. >JMD, I wouldn't be to over-confident about Cisco: "And I was being sarcastic re: cratering Cisco--although a gal quoted in the SF Chronicle who works for one of the analysts said that Cisco was a dinosaur whose technology had been gapped by the new 3 Com and Bay Network switches. I was as ready to believe that as I am prepared to believe that INTC is scared of AMD and Cyrix." The comparison you make to Intel is very weak at best. Cisco is falling behind in technology (unlike Intel) and its usual "buy its way into the newest technology" hasn't been working as well lately. They've boxed themselves in by going with their proprietary standards - they're having real problems integrating the "hot startups" they buy because they can't force their OS into the new boxes. They're already behind in Gigabit Ethernet and routing switches - I think people are going to be in for a suprise over the next 12-18 months. I'm just happy that some of their newest and best products are based on LSI chips. A trend that should increase as ASICs help break down the speed barriers in networking. Just an opinion.<

To: David Pawlak who wrote (5001)	1/29/1998 4:18:00 PM
From: Valueman	Read Replies (1) \| Respond to of 10479

David: Bad news for ABCN and Loral for that matter--- PALO ALTO, Calif.--(BUSINESS WIRE)--January 29, 1998--Space Systems/Loral (SS/L), a subsidiary of Loral Space & Communications (NYSE:LOR), today announced that it will eliminate up to 300 jobs, or approximately 9 percent of its work force of 3,400 employees over the next few months due to the suspension of work on three satellites for two Asian programs. SS/L's current backlog is approximately $1.8 billion after the de-booking of these projects. SS/L has been building two high-power satellites for the Asia Broadcasting and Communications Network Public Company, Limited (ABCN) of Bangkok, to provide direct-to-home television services throughout India, Southeast Asia, China and Taiwan. The satellites, known as L-STAR 1 and L-STAR 2, were scheduled to be delivered to ABCN in the 2nd quarter, and the 4th quarter of 1998, respectively. In addition, SS/L has been building one high-power multimedia satellite for P.T. Pasifik Satelit Nusantara of Jakarta, Indonesia. The satellite, M2A, was scheduled for delivery on orbit in early 1999, and is to provide multimedia and telephony services throughout Asia. "The three satellites on which we have stopped work continue to be valuable, marketable assets which, if the current programs are not re-started, may be deployed to other customers who will benefit from early delivery," said Bernard L. Schwartz, Loral chairman and chief executive officer. "We anticipate that, in the event the satellites are not sold on schedule and additional market opportunities in Asia are deferred, SS/L could have a reduction in 1998 revenues of as much as $400 million, bringing expected revenues to $1.4 billion. EBITDA margins for 1998 (earnings before interest, taxes, depreciation and amortization) are not expected to be materially affected." The impact of these events in Asia on SS/L's 1997 results is less than $20 million; however, net of other favorable operating performance, SS/L's results for 1997 are not expected to differ materially from previous forecasts. "We continue to believe that the Asian market, where investments in satellites are critical to the establishment of a telecommunications infrastructure, remains a robust, sustainable long-term opportunity for Loral," Mr. Schwartz continued. "We continue to have a very strong backlog of orders and ample additional opportunities, and we believe SS/L is well-positioned and properly sized to take advantage of them." Mr. Schwartz said that he did not expect the Asian currency crisis to have any impact on Loral's other businesses, including Globalstar, the Loral-led worldwide mobile satellite system. Space Systems/Loral is a wholly owned subsidiary of Loral Space & Communications of New York City, a high technology company that concentrates on satellite manufacturing and satellite-based services.