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

To: Valueman who wrote (4327)	8/25/1998 4:24:00 AM
From: Thomas	Read Replies (2) \| Respond to of 10852

Valueman, will the L-Star sat that is to be restarted be Orion 2? Just curious as to whether there is a prospect for the other bird. Thanks. Cheers, Thomas

To: Valueman who wrote (4327)	8/25/1998 11:43:00 AM
From: Rocket Scientist	Read Replies (2) \| Respond to of 10852

VMan: I appreciate that SS/Ls cash flow is a little "lumpy" based on milestone payment schedules, but isn't that largely offset on the income statement by the way Loral recognizes revenue on its fixed price contracts? If I understand the 10K correctly, revenues are recognized based on a ratio of cost incurred to cost at completion, which is different from and smoother than the cash flow from customers. So to some extent, I disagree with your remark "So there is no "E" in EBITDA unless you are launching satellites and getting paid. " Regards RS