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

To: Valueman who wrote (3951)	7/7/1998 11:47:00 PM
From: dwight martin	Respond to of 10852

The U.S. Navy has used submarines to test suborbital rocket weapons, but has not launched a satellite from a submarine. Don't I recall, though, that the Navy (US) once maintained the operational capacity to launch communications satellites from ballistic missile subs?

To: Valueman who wrote (3951)	7/8/1998 10:04:00 AM
From: mmeggs	Read Replies (3) \| Respond to of 10852

To shed a little more light on things, GMH also cancelled an investor and analyst meeting until after reporting earnings on the 13th. Speculation is that they may not hit their number, for a variety of reasons. The satellite in question did experience a failure of the spacecraft control processor, but it immediately switched to a backup, with no loss of service. FWIW, Merrill cuts them to near-term accum, from buy, and leaves at long-term buy. Thanks for the welcome guys, when do we get together and pour beer over my head?