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

To: gdichaz who wrote (4747)	10/21/1998 8:12:00 AM
From: Jeff Vayda	Respond to of 10852

12 10/21/1998 Article:117208 Cox panel seen sticking mostly to Loral, Hughes cases The special House Committee investigating whether Beijing has benefited militarily from launching American satellites on Chinese rockets has basically stuck to the announced investigations, although it has made brief forays into other technology transfer issues, congressional sources said. The Justice Dept. is investigating developments surrounding the failed launches of satellites built by Hughes and Loral. In both cases, the incidents under investigation involve unauthorized disclosures to the Chinese of findings of launch failure reviews. The companies have denied any wrongdoing. "We are looking at a number of different areas where technology may have been transferred but committee rules don't allow us to discuss what those areas may be," a committee spokesman said. Others said the committee also has looked into questionable transfers of super computers to China, but that it has essentially stuck to its mandate to investigate Chinese launches of American satellites and whether these launches have helped the Chinese military. A close observer of the committee said the panel has been hurt by the confidentiality and secrecy surrounding it and its work. "They are focusing on a lot of things," the source said. "It's not clear they have done anything." All committee sessions to date have been closed. Sources said the committee, headed by Rep. Christopher Cox (R-Calif.), was considering a recommendation transferring primary jurisdiction over export licensing back to the State Dept., with a stronger role for the Defense Dept., when the defense authorization conference upstaged them by making this recommendation in the fiscal 1999 defense authorization conference report last month. The effective date of this recommendation is next March 15. The committee spokesman said he was confident the special panel would issue its report and recommendations by the deadline of Jan. 2, the last full day of the 105th Congress. Copyright 1998 The McGraw-Hill Companies, Inc.

To: gdichaz who wrote (4747)	10/21/1998 8:26:00 AM
From: Jeff Vayda	Read Replies (1) \| Respond to of 10852

gdichaz: Must disagree with your comment < In any case, I for one knew that I was getting a one man band (Bernard L. Schwartz) when I bought into Loral and G* - not a "team" in the traditional corporate sense.> The head man supplies the vision. The team he assembles then can get to the work of making it happen. Loral has entirely too many irons in the fire for one man to implement. At this stage of the game, Bernie is mostly suppling a figure head for the troops to rally around. Yes he still has control over and input into the operations but they would proceed nicely with or without him. The die is cast, the stage is set and the show will go on. Jeff Vayda

To: gdichaz who wrote (4747)	10/21/1998 10:42:00 AM
From: E Haiken	Read Replies (2) \| Respond to of 10852

To assume that an astute management team would buy insurance, because the premium was lower, from a company or group of companies, that would not be able to pay, is ridiculous. Anyone believing that should certainly not own stock in Loral or Globalstar. These internet boards are filled with both facts & fiction and we must be intelligent enough to differentiate between the two. The risk of a launch failure is inherent in this business, the risk of an insurance company not paying is not.