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

To: Dragonfly who wrote (3128)	5/19/1998 7:33:00 PM
From: dougjn	Respond to of 10852

The China rockets issue is the subject of the first half of the MacNeil News Hour tonight. The "President of Loral" repeatedly mentioned. Its amazing how bollixed up the TV press and other talking heads have the facts. Much discussion about the export of satellites to China. Selling the satellites. (If the "export" of satellites has any truth to it, it is merely technical. The business essence of what Loral did was pay the Chinese to launch a satellite it had built for a (Western world) third party (Intelsat), under a specific waiver (ie permission) from Commerce. I could go on, but won't bother. Doug

To: Dragonfly who wrote (3128)	5/19/1998 7:34:00 PM
From: DaveMG	Read Replies (1) \| Respond to of 10852

Dragon...Me too. 25 1/2 went by so fast. Here's a brief summary from PBS Repubs are very excited about this and Dems have to go along They are especially interested in Bernies contributions and whether they influenced Clinton,and whether Chinese Army funds funneled through China Aerospace found its way into the DNC. I assume everyone knows BS was largest contributor to DNC.Johnny Cheung is once again involved and alleges the money came from China Aero. China Aero denies this of course.Clinton, it seems, personally intervened in the decision to overule the State Dept on the export permits.There apparently is no clear timetable that might demonstrate any quid pro quo. There is also the conflation of two events, which Doug discussed earlier. One has to do with the evaluation of a failed launch of an Intelsat, and the other is the campaign contributions. Specter thinks there should be an ind counsel. Clinton has also said there should be an investigation. Newt apparently wants to establish a special committee because the Burton Committee is not credible. Cong. Barrett (Dem) thinks it should be investigated and stated that Justice Dept has begun a CRIMINAL invest into whether LOR gave classified info to China.. This has great potential, much better than CDMA vs GSM/ 3G. I'd be amazed if there weren't more selling pressure. Dave