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

To: HedyVP who wrote (5314)	2/11/1998 12:46:00 PM
From: David Pawlak	Respond to of 10479

ABCN's not dead yet...... Communications Today and Satellite News both ran stories over the last 2 days saying that: "ABCN..which had its two L-Star satellites placed on suspension by Space Systems/Loral earlier this month because of the Asian economic crisis, would welcome further investment by SS/L, according to ABCN's Jrarat Pingclasay. SS/L, of Palo Alto, Calif., holds a 5% stake in ABCN. Jrarat also said that his company has paid SS/L $200 million, leaving another $250 million to find. He said that the company had "a lot of customers lined up," that were waiting for the satellites to be launched before they would commit themselves. The company still also is planning to launch an IPO on the NASDAQ stock exchange, Jrarat said." This is sort of what I was expecting. I personally believe LOR is playing hardball in order to increase its equity stake. Since one of the satellites is close to being finished, I'd say that LOR has a lot of bargaining power. In ABCN's favor, the Baht has appreciated approximately 15% since LOR's announcement and is looking like (IMO) that it will appreciate some more. Additionally, UCOM's stock price, the main holder of ABCN, has rallied recently as well and there are talks that MOT may invest $200 million in Total Access Communications, in which UCOM is the largest shareholder, which will help ease UCOM's balance sheet concerns and ease concerns about their credit risk, which in turn may make it easier for UCOM to raise the capital for ABCN. I'm not saying it's going to happen and I wouldn't bank on it either happening either, I'm just saying that it shouldn't be considered dead.