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

To: Geoff who wrote (2539)	4/8/1998 9:24:00 AM
From: Geoff	Respond to of 10852

Readware comments on various conferences.... ========= Subject: Conferences Date: Tue, Apr 7, 1998 23:31 EDT From: Readware Message-id: <1998040803312600.XAA00604@ladder01.news.aol.com> A strange scene: cherry blossoms swaying in the winds off the Potomac and the city is so scandal ridden. The NAB Conference highlight, where we were represented, apparently centered on Senator John McCain's address arguing for DBS delivery of local content and reduced content fees for the industry. The deregulation of the broadcast industry, as I indicated in some prior post, for DTH providers is moving ahead. Here in Washington the US House of Representatives has two committees working on satcom deregulation, and it does appear that there will be favorable developments, though reached after hard compromise. I think ComSat is going to be affected the most, and in a very positive way. It now looks like Inmarsat will not go public till the year 2000, not 1999. CD Radio was well received for its satellite radio plans emphasiszing its Loral affiliation. Bernard Schwartz did not address the conference. The announcement that surprized participants the most about LOR apparently was the Hewlett Packard Cyberstar one. Merrill Lynch's Loral analyst was there, as was the one from CE Unterberg. China Telecomm: Hyundai's exit from G* was due to a forced IMF restructuring apparently. DaCom/Globalstar' Lee Moon-ho has made public that six firms are seeking to bid on Hyundai's consortium share, and that G* Korea will be operational on schedule-- March 1999. In Korea the GMPCS waiting list, according to Lee Moon-ho, is 150,000 users-- G* needs 15,000 to break even. In comparison to SKTelecom/Iridium's $5/minute charge, G* DaCom will be $1/minute. Demand for GMPCS is relatively unaffected by recent events in Korea. China has had no serious economic effects from the Asian crisis, and numbers there will ramp-up strongly starting in early 2001. The animosity between G* and Iridium is still strong, the company's respective chairmen's generous comments about each other's efforts notwithstanding. Iridium World announced that it expects 475,000 users in Brazil by the way, up from its original asessment. I have spoken to representatives in Brazil's mobile cellular industry and G* and Iridium, according to them, should do quite well there. From what I have been told by individuals outside G* and Iridium then, there is a strong market for the services. I do not get the impression from them that either service is favored above the other, cost structure notwithstanding. The markets will tell. I saw no Chinese spies, by the way. ICO Global: ICO had to turn away almost $400 million in equity financing from companies who wanted to partipate in its scheduled 12 MEO telephony effort for the year 2000. ICO wanted $1.5 billion, and was offered $1.9 billion. The SIA New Technologies conference has been postponed.