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

To: Geoff who wrote (1989)	2/18/1998 4:01:00 PM
From: Dave Carlton	Respond to of 10852

So, after re-reading the Comsat press release in Clintonian terms ("I never had sexual relations with that woman" because oral sex is not sexual relations or he regarded her as a girl rather than a woman), one could conclude that the companies are not in discussions because: 1) only a confidentiality agreement has been signed and the Comsat board must approve any "discussions" before they can rise to the dignity of "discussions"; or 2) this whole thing is a figment of someone's imagination. In any event, I don't care. I am happy with my investment with or without Comsat.

To: Geoff who wrote (1989)	2/18/1998 4:22:00 PM
From: Dave Carlton	Respond to of 10852

I am resending a message that didn't seem to go out. This is the latest off the wire. Who knows what's happening. I thought I sent this before my last one which led to my Clintonian musing attempting to rationalize the press release with the Dow Jones report: NEW YORK (Dow Jones)--COMSAT Corp. (CQ) said it is not in discussions to sell all or part of the company to _Loral Space & Communications_ Ltd. (LOR). The company issued a one-paragraph press release a short while ago that simply stated it is not in talks with Loral. However, a person familiar with the situation has told Dow Jones that the two companies have signed a confidentiality agreement and that preliminary discussions have occurred. A COMSAT spokeswoman would neither confirm nor deny whether a confidentialty agreement had been signed. A Loral spokesman also wouldn't confirm or deny the existence of a confidentiality agreement. COMSAT's board has discussed the situation and is expected to address it again at a board meeting later this week, the person familiar with the situation said earlier. (END) Dow Jones Newswires 18-02-98