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

To: Valueman who wrote (2720)	4/24/1998 11:48:00 AM
From: brian h	Read Replies (1) \| Respond to of 10852

Valueman, It will be a buying oppt. when LOR actually public sales its shares to raise some portion of $500 million. Am I correct? Brian H.

To: Valueman who wrote (2720)	4/24/1998 12:04:00 PM
From: Snake	Respond to of 10852

So, what was the price of the 1 call made? Sorry, couldn't resist. Sounds like Loral will be getting approx $500 million from issuing shares, and spending, net of the premium of $35 million from Soros, $175 million. That leaves about $325 million plus the $200 million or so of cash Loral already has on hand. Good money to have on hand for future deals.