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Technology Stocks : Orbital science (ORB) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (1784)	6/3/1998 10:56:00 AM
From: dwight martin	Respond to of 2394

Let's remember that the share price hit a new high in the 20s less than 4 months ago.

To: Mohan Marette who wrote (1784)	6/4/1998 7:32:00 PM
From: Mohan Marette	Respond to of 2394

ORBC : From EDGAR-SEC S1 filing dated June.01,98. Excerpts only. [Source: EDGAR-For Private use only] 7,600,000 SHARES ORBCOMM(SM) LOGO W/TEXT LINE UNDER ORBCOMM CORPORATION COMMON STOCK All of the 7,600,000 shares of Common Stock offered hereby (the "Offering")will be sold by ORBCOMM Corporation (the "Company"). The Company will use the proceeds of the Offering to purchase 7,600,000 Partnership Units (as defined) in ORBCOMM Global, L.P., a Delaware limited partnership ("ORBCOMM"). See "Underwriting." On consummation of the Offering and the application of the net proceeds therefrom to purchase Partnership Units, the Company will be admitted as a general partner of ORBCOMM and will own approximately 19.6% of the outstanding Partnership Units (approximately 21.8% if the Underwriters' over-allotment option is exercised in full). On consummation of the Offering, Orbital Communications Corporation ("OCC") and Teleglobe Mobile Partners ("Teleglobe Mobile"), each a 50.0% general partner of ORBCOMM, will each own approximately 40.2% of the outstanding Partnership Units of ORBCOMM (approximately 39.1% if the Underwriters' over-allotment option is exercised in full). The shares of Common Stock are equity securities of the Company and do not represent Partnership Units in ORBCOMM. Certain terms used in this Prospectus are defined in the Glossary of Technical Terms beginning on page G-1. Prior to the Offering, there has been no public market for the Company's Common Stock. It is currently estimated that the initial public offering price of the Common Stock will be between $15.00 and $18.00 per share. For a discussion of factors to be considered in determining the initial public offering price, see "Underwriting."...