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Technology Stocks : Loral Space & Communications -- Ignore unavailable to you. Want to Upgrade?


To: Sawtooth who wrote (1964)2/17/1998 2:34:00 PM
From: Ken M  Respond to of 10852
 
Block Trade - Loral Space (NYSE:LOR) 200,000

Tuesday, February 17, 1998 at 14:26 at 23-3/4, up 1/8, crossed by Lehman



To: Sawtooth who wrote (1964)2/17/1998 5:16:00 PM
From: Diogeron  Respond to of 10852
 
Yes, you're probably correct. I went back and pulled out a Nov. '97 issue of Dessauer's Investor's World after your post. CWP is one of his three stocks listed for Long Term Core Holdings (it was 23 at the time and he commented it was in "a bargain price range). He also implied that the new CEO, Richard Brown, was "prettying up the company for something" and comments that he (Brown) had reduced Cable and Wireless' stake in HKT to 50%. There is little doubt that Dessauer, as of November of 1997, was implying merger at some time in the not too distant future.

Sorry for this off-topic post. Since I'm also a LOR holder, I plead for temporary indulgence from the good folks of the LOR thread.