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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (14827)	9/10/1998 3:53:00 PM
From: alburk	Respond to of 152472

For those interested, Geoff summarized parts of the conference call response to the G* disaster on the LOR board. For G* holders, the sat's were insured and the net loss appears to be in the $85MM range. They anticipate a 4 month delay in the overall deployment plan so it would seem that the impact on QCOM would not be that great. G* will need to come up with some additional financing for the anticipated 4 month operational delay. G* anticipates a revenue loss of $300MM in 1999, no loss thereafter. They will switch to a safer launch vehicle and the backup plans are already in effect. In my view, it is as positive as one could expect under the circumstances. For those with a longterm horizon on QCOM, G* and LOR, hopefully this is a temporary setback, albeit a significant one. JMD--I still have confidence though I have taken some nasty paper losses. I'm expecting that 3-5 years down the road--my time horizon for these three investments--that I will be happy. I supposes some would say sell and wait and see, but I'm not very good at timing rebounds and I fully expect these stocks to rebound. Launch failure was a definite risk and they anticipated the risk and appear to be on top of it. Keeping my fingers crossed ALBURK