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

To: dwight martin who wrote (1799)	6/13/1998 4:30:00 PM
From: Fred Levine	Respond to of 2394

Steve-- Altho I agree with everything you said, I read the Barron's article as being very positive. 1) The article emphasizes the dramatically increased demand for orbital communication satellites, and 2) Orbi was the only "pure play" in town. Altho they have made mistakes, I suspect the other companies have also done so since the technologies are new and being the only business they're in, the mistakes will get highest level attention. IMO, there is growth for all the involved satellite companies, but ORBI is undiluted. f

To: dwight martin who wrote (1799)	6/16/1998 12:22:00 AM
From: DIAMOND JIM	Read Replies (1) \| Respond to of 2394

Hi Dwight it's been a while since I visited. The run to $50 was quite a momentum driven event with a string of apparently positive developments. ORBCOMM was and remains the focus of most analysts. The revelation of the sat problems confirms a number of rumors about these difficulties. The thing that concerns me the most is the very short life span of the first two birds. Although early models you would think they would be more rigorous. The exceptionally high PE at those lofty levels of $45+ were not sustainable even without the sat problems. ORBCOMM revenue projections are high as well and I think the market has a touch of ole Missouri right now. When to buy back? I would look again at $25-27 but we are watching things closely. Many regards DJ