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

To: Mohan Marette who wrote (886)	2/10/1998 9:35:00 PM
From: DIAMOND JIM	Read Replies (1) \| Respond to of 2394

Hi MM I have been away for awhile. This last month has been one of exceptional progress by OSC, particularly the long-awaited Taurus launch. As their equipment continues to display some rigor, a firm foundation is being laid for some real business. Some questions: i . the upcoming X34 project will place additional demands on the aircraft - would a second aircraft platform be justified. ii . some analysts are noting the very high valuation..something that concerned me last month..now at over 50 pe. Sideways movement may persist. Satellite construction profits should keep the bottom line growing but the satellite service division will likely show higher losses next quarter (11mil last quarter). Analysts maybe focusing on this number. An excellent choice for 401K dollars. Regards DJ.