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

To: ccryder who wrote (1978)	2/18/1998 1:44:00 PM
From: Valueman	Read Replies (1) \| Respond to of 10852

I suggest going to Comsat's 10-k on Edgar and reading about what they do. There is a lot of info to digest. Owning(for lack of a better term) 18% of Intelsat is an enormous asset. They have 20 GEO sats up, and are adding a number of advanced high power birds in the next few years.

To: ccryder who wrote (1978)	2/18/1998 3:27:00 PM
From: JMD	Read Replies (1) \| Respond to of 10852

ccryder, Valueman: Readware has just posted on Motley that (a) this caught him by complete surprise and (b) he cannot believe that LOR is interested in buying CQ (the company) "particularly at this price" but rather that LOR wants select assets or separate divisions of CQ. ccryder, your question is not stupid as CQ is a very complex animal. It is, as someone pointed out, quasi-governmental/private like Fannie Mae but has NEVER had a management team that could get it out from under the regulatory shackles. It has suffered from gross payrolls as one star studded ex-politico turned private sector overpaid exec after another has dined at the trough. CQ could never define its mission or its place in the firmament (small joke). It has wandered all over the map trying to come up with a business plan. Historical note: one of the original 1/3 partners was IBM. Long suffering shareholders (including yours truly) have patiently waited for a turn the corner move that never was. I recently read that a guy who runs a small investment banking firm who specializes in buying blocks of stock and then raising hell attempting to force management shake ups, divestitures, etc. made his move in CQ maybe 5/6 months ago. Have no idea if this is the result of his efforts or not. Regardless, the bottom line as far as I'm concerned as a LONG time observer of this company, is that CQ has some incredibly valuable assets and an incredibly inept management. Therefore, I suspect Readware has it right in that Mr. Schwartz is making a move for the assets he wants vis a vis the company. The parts of this puppy are worth more than the whole to bastardize the metaphor. The real intrigue will be to see how BS evades the regulatory nightmare that has been CQ's undoing--I'll bet on Bernie. Mike Doyle