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

To: Mr. Proofsheet who wrote (2719)	4/24/1998 11:39:00 AM
From: Valueman	Read Replies (3) \| Respond to of 10852

Soros had been approached by Hyundai about buying their stake. By partnership agreement, he could not do so directly. This deal provided a way for that to happen, and Soros was willing to basically pay Loral $35 million to get the deal done. Very crafty. Thus, they help partners with much needed cash flow, facilitate rollout of gateways with escrow money, and get a strategic partner who has offered to help in "exercising influence" in certain parts of the world, if needed. Otherwise, he is a passive investor.The deal has been offered to 7 other partners as well. DACOM is the other party involved with Hyundai. By the way, a complete call has been successfully made over the G* system.