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

To: Valueman who wrote (1993)	2/19/1998 7:54:00 AM
From: Valueman	Respond to of 10852

Intelsat Privatization Battle Heats Up WASHINGTON, D.C. - The continuing battle over Intelsat's effort to privatize assets heated up Wednesday at Satellite '98, with executives from the global satellite provider and its chief competitor PanAmSat exchanging words on the subject. Intelsat Director General Irving Goldstein told the audience at the conference's opening session that the service's 142 signatory nations are close to finishing up the privatization, which would spin off six Intelsat satellites into a commercial, publicly traded company known as INC. Goldstein blasted speculation over Intelsat's privatization plan, in which he said untrue and "deplorable misinformation has been leaked to the press." He also asked competitors to "stop playing games" and see INC as another company getting into the satellite business. "Those who are aggressive with their services are not really supportive of competition at all," Goldstein said. Goldstein called Intelsat privatization legislation before Congress "inappropriate and unwise," saying deadlines and punitive penalties could hurt the process. PanAmSat President Fred Landman, a vocal opponent of Intelsat's privatization bid, said "the facts and studies are on our side of the debate." "In our industry, it is one of the last monopolies," Landman said during his address before conference attendees. The six satellites and the new commercial company will offer multichannel services, DTH feeds and developing interactive services. Intelsat will have a 10 percent share in the new company, which Goldstein said will be placed in a trust arrangement limiting the company's involvement.

To: Valueman who wrote (1993)	2/19/1998 9:10:00 AM
From: Geoff	Respond to of 10852

Readware is finally out of his dizzy spell from yesterday... -=============================== Subject: Re: LORAL BUYS COMSAT Date: Wed, Feb 18, 1998 16:09 EST From: Readware Message-id: <19980218210900.QAA06208@ladder03.news.aol.com> Loral shareholders should be relieved. As I had pointed out, I could only see LOR buying a number of satellites from CQ, and that for cash. A merger would have been a regulatory nightmare, and a stock issuance by LOR for CQ would have been an abritrageur's dream. The stock would have been under abritraged pressure for some four months. It is preponderantly amazing as to the number of rumors that are spread about this company. Subject: CONFERENCES Date: Wed, Feb 18, 1998 19:02 EST From: Readware Message-id: <19980219000200.TAA24604@ladder02.news.aol.com> After tomorrow's Loral presentation before the media and other interested parties in DC, Globalstar will be featured at Goldman & Sachs next Wednesday in New York City, along with Iridium World and ICO Global. In March, I believe it is the second week, the CE Unterberg Harris company in New York City will feature Loral and Globalstar at a major satcom conference. A number of satcom providers will be there also. So there is a lot of publicity upcoming, plus the G* launch on 24 April. The four LEOs for that launch are in preparation at Cape Canaveral. Iridium is launching another 5 LEOs in the first week of March. The current conference at the Sheraton in Washington DC is on the heels of the Intelsat announcement last week that it plans on spinning off a 6 satellite constellation (only 4 are in orbit now, two yet to be built/launched) to the public as an equity traded company. I would not be surprized if that had something to do with today's back and forth about Comsat and Loral. Comsat is the US signatory to Intelsat, and from the comments its chairwoman & CEO made one did not get the impression that Comsat was too favorably disposed towards its competitors, who have been criticizing the privatisation of Intelsat. Subject: Re: CONFERENCES Date: Wed, Feb 18, 1998 22:09 EST From: Readware Message-id: <19980219030901.WAA09238@ladder03.news.aol.com> I do not believe these presentations are open to the public, but shareholders should call Globalstar about the Goldman conference and then the Unterberg one I mentioned to see if Globalstar has any papers or written materials. Both Loral and G* usually have written documents/presentations at their tables.