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

To: DMaA who wrote (2993)	5/18/1998 1:12:00 PM
From: JMD	Read Replies (3) \| Respond to of 10852

All, I have followed LOR's PR policy fairly closely over the past few years. My initial position was that it was one of the few areas of the company's operations about which I had a negative opinion. "Damn, I said to me, if only LOR and Mr. Schwartz would take the time to educate the analysts about the sat biz, we'd get better coverage from the Street and the price would go up." (This when I was buying fairly heavily at 13 and p.o.'d that the stock wasn't moving :) My reasoning was that after all, this is rocket science and that the technologies and business plan begged for clarification, even simplification, so that the boys who move big dollars could be brought on board. I got particularly bent out of shape when it was reported to me that one analyst who asked a particularly inane question demonstrating total ignorance of the sat biz received a "withering look" from BS for his efforts. Over time, it has become very evident that Mr. Schwartz does not put a whole lot of stock in the value of PR. He does not, after all, come from a background in businesses cultivating the holy grail of branding. He never did take a run at selling Cheerios against Frosted Flakes. It is equally clear that he, like many folks with IQ's in the same orbit as his satellites, does not suffer fools gladly. If the analyst had bothered to learn enough to ask a 1/2 way intelligent question, he would have received a qualitative reply. Finally, there is the minor matter of integrity. I have a very strong hunch that Mr. Schwartz will not stoop to respond to these absurd allegations, simply because to do so would lend them a dignity they do not deserve. Thus, while there is clearly a fair amount of short term pain for shareholders, I'll throw a buck in the pool that says that he will stand by his remarks at the shareholder meeting with nothing further added. As for me, I will stand by my earlier post, to wit: at $25 or below, I will mortgage the ranch, the kids, and the cars, to add to what is already a not insubstantial LOR position. The Barron's article over the weekend in which two glorified analysts bestowed their satellite wisdom on the world (these geniuses think Teledesic is a good bet, but are skeptical about G*, hello) has combined with the political nursery school games to create a magnificent buying opportunity. Diogeron, thank you for keeping us up to date with the goings on from the heartland: it is nausea inducing but relevant to stock market timing for establishing further positions. That said, I would have to agree with Valueman--I care a hell of a lot more about Zenit info than remaining current on the doings of demagogues. Regards to all, Mike Doyle