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

To: zebraspot who wrote (3745)	6/12/1998 9:46:00 AM
From: Slick	Respond to of 10852

The Japanese recession is now official. LOR's business plan, with such exposure to Asia and "nations sans telephones" is certainly imperiled in the short run. The stock may drift back down or move sideways for a while. Not to worry. The longterm earnings outlook is getting a bit hazy though.

To: zebraspot who wrote (3745)	6/12/1998 9:52:00 AM
From: brian h	Read Replies (1) \| Respond to of 10852

Zebraspot and all, Company Press Release Loral Skynet and EchoStar Team Up to Launch New Program Distribution & Direct-To-Home Services for Niche Markets BEDMINSTER, N.J.--(BUSINESS WIRE)--June 12, 1998--Loral Skynet and EchoStar Satellite Corp today announced that they have agreed in principle to form a strategic alliance to offer a host of new digital-based services to cable operators, programmers, and direct-to-home (DTH) consumers. This alliance will create the only DVB (digital video broadcast) direct-to-home platform in the United States that allows specialized and mainstream programming to be packaged separately, yet received in the same set-top box and accessible through a single smart card and electronic program guide. ''The alliance between Loral Skynet and EchoStar will enable specialty programmers to build a cost-effective distribution path to their audiences by using Loral Skynet's and EchoStar's existing infrastructures and expertise,'' said Terry Hart, president, Loral Skynet. ''The new services will allow programmers to have 'one-stop' convenience in reaching their audiences without being a part of a proprietary DTH platform.'' To create this innovative platform, Loral Skynet and EchoStar are combining portions of their space assets, ground networks, and digital distribution resources to launch an end-to-end transmission and distribution service for specialty programming that can be received by both DTH consumers and cable operators throughout the United States, including Alaska and Hawaii, and the Caribbean. ''EchoStar is pleased to have Loral Skynet as its newest partner,'' said Charlie Ergen, chairman and CEO of EchoStar Communications Corp. ''This partnership offers EchoStar a wider breadth of capabilities in offering ethnic and business television programming and expands our distribution to the Caribbean and beyond.'' In conjunction with the alliance, Loral Skynet will create a new transmission and distribution service that will combine its Telstar fleet space segment, compression, encoding, uplinking, format conversion and multiplexing to enable specialty programmers -- such as international channels, specialized channels, distance learning services and business television -- to cost-effectively distribute their programming to targeted audiences throughout the United States, including Alaska and Hawaii, and the Caribbean. biz.yahoo.com Brian H.