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To: Beefeater who wrote (1364)	6/18/1998 2:37:00 PM
From: Snake	Respond to of 29987

My understanding is that the rumor was started this morning, and it was stated that Bernard Schwartz has said this. It was categorically denied that this was the case from someone at the conference, as well as by Loral and G*. It probably did the job that the person who stated the rumor wanted---it dropped the price.

To: Beefeater who wrote (1364)	6/18/1998 2:43:00 PM
From: Jeff Vayda	Respond to of 29987

Beefeater: Thanks for the rumor and more importantly thanks for the rumor disclaimer. I like to be able to make my investments based on all the information I can get my hands on. Rumor, fact, whatever. I'll pick out the pieces I think are important regardless of the label. Thanks for the addition. For what it is worth, handset shortages will not delay the start up. Absence of handset would but I don think the production process is so messed up that they will not have any until mid 1999. Jeff Vayda