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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Jay Quinty who wrote (1903)	1/29/1998 11:34:00 PM
From: Eric Klein	Read Replies (2) \| Respond to of 18691

Jay, News on LOR I think that the Asian satellite cancellations are the first shoe to drop. The other shoe is the contract award for 6 GOES satellites to Hughes (4 in one contract, 2 in a follow on). Apparently Loral Space built previous GOES and so were confident that they'd be awarded these contracts. They've staffed up, built up facilities, and performed engineering work in the belief that they'd be the ones to build them. GOES are U.S. NOAA weather satellites.