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To: bdog who wrote (15141)	9/17/1998 4:24:00 PM
From: dougjn	Read Replies (1) \| Respond to of 152472

Re: who gets the spin off co. shares. I believe, but am not certain, that even those who purchased after Sept. 11, but before the close on Sept. 23 will get the SpinCo. stock. I believe how it works as this. Loral needs to have a cutoff record of stockholders to whom it will distribute the shares. That cutoff is the record date, Sept. 11. However, I think that all shares traded between then and the date before the Ex date, Sept 24 (I think), will receive their shares from the seller with so called due bills attached. This is an exchange and Nasdaq mechanism for passing the dividend along, before its Ex date, to the buyer. It's notional for all holders who keep their shares in house accounts, but it works. The meaning of the Ex date is that its the first date the shares trade without the dividend attached, or "coming". Others please confirm or refute. Someone with a full service broker ought to be able to call and find out. Doug