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Technology Stocks : Orbital science (ORB) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (1328)	3/26/1998 11:45:00 AM
From: Wolfgang Leopold Beirl	Read Replies (1) \| Respond to of 2394

Re: 2.75M new shares Mohan, naively one would expect the stock price to decrease by approx 8.5% on this news. However, the min-chart shows that the price did exactly the opposite and went UP when the news was released ... How can one understand it ? 1) The press release contains this statement "expansion in the company's space and ground infrastructure systems sector as a result of higher than expected new orders for 1997 and 1998 for satellites and launch vehicles", which indicates that the estimated growth of the company is real. 2) The underwriters will certainly not downgrade ORBI ... Thus based on the technical analysis of the min-chart (but I am not an expert in this field) I would think, that the latest news will not hurt ORBI's price ... And by the way, I would NOT sell if the price goes down to $42 ... Best regards, Wolfgang

To: Mohan Marette who wrote (1328)	3/26/1998 5:46:00 PM
From: Randomm	Read Replies (2) \| Respond to of 2394

Mohan, I understand that a secondary offering is beneficial for the growth of ORBI. But why not just split the stock shares? Hopefully this is a valid question........ I'm not sure how many shares remain outstanding to date. Regards, Randomm