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

To: Valueman who wrote (3824)	6/18/1998 7:10:00 PM
From: Ok2Launch	Respond to of 10852

Re: Intelsat 805 launch . . . Just finished watching the streaming video coverage of tonight's launch of Intelsat 805 - everything went AOK. Let's hope next Tuesday's launch of the Zenit from Baikonur goes as smoothly. That will be critical to keeping G*'s plans on schedule.

To: Valueman who wrote (3824)	6/19/1998 11:01:00 AM
From: Sawtooth	Respond to of 10852

RESEARCH ALERT-Loral Space started as buy NEW YORK, June 19 (Reuters) - J.P. Morgan said analyst Roger Threlfall started coverage of Loral Space & Communications Ltd. with a buy rating and a 12-month price target of $42 a share. -- The stock moved up 8/16 to 26-15/16 in early trading. -- In a research note, Threlfall said Loral has a strong portfolio in the booming satellite service business. He sees 25 percent compound annual growth in that industry over the next ten years. He also believes bandwidth-on-demand systems will become more widely-used, with the market growing to more than $25 billion by 2005. CyberStar, Loral's bandwidth-on-demand business, should be generating $860 million of Loral's $3.5 billion in total revenues by 2002, he said. -- He cited Loral's management, including chairman and chief executive Bernard Schwartz, which has produced consistent stock returns since the business was carved out of the original Loral defense company in early 1996. -- ''In our judgment, the prospect of 59 percent appreciation potential suitably compensates investors for the risks that a satellite company presents,'' he said. -- He said a sum-of-the-parts discounted cash flow analysis shows Loral should presently be valued at $36 a share. -- Threlfall estimates a second quarter loss of $0.23 a share, which compares to a loss of $0.06 in the year-ago quarter. For 1998, he forecasts a loss of $0.75 a share and for 1999, a loss of $0.20 a share.