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

To: Ok2Launch who wrote (4765)	10/26/1998 9:36:00 AM
From: Jeff Vayda	Read Replies (1) \| Respond to of 10852

Ok2Launch: Quite the swing, I piled on Loral shares as the less risky portion of my portfolio. Initially, that was the case. As you point out, a dispassionate review is in order. Not that I have excessive concerns on any one particular launch vehicle, but the additive nature of all the new launchers is worrisome. Here is some news which is encouraging. The facts are slowly supporting a NBD conclusion, if only we can get over the politics of the issues. Bernie's continued lead in Democratic donations cant help inside the beltway. <<11 10/26/1998 Article:117509 China benefited from tech transfer, Adm. Prueher says The top U.S. military officer overseeing the pacific theater says China's missile and rocket industry benefited from recent transfers of technology by the U.S. aerospace industry, but he characterized the impact as marginal. 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 alleged unauthorized disclosures to the Chinese of findings of launch failure reviews. The companies have denied any wrongdoing, but Congress has been holding a series of hearing to investigate the matter as well. The technology transfer helped "accelerate a solution of a technical guidance problem for one of their missiles," Adm. Joseph Prueher, commander in chief of Pacific Command, told reporters on Friday. That missile is based on the same hardware as the Long March space launch vehicle. Although Prueher acknowledged technology transfer took place, he noted that "I don't think what we have done with China...has created a big problem for us." He added that "in this particular case I don't think the store was given away." Prueher noted that China's missile sector is among the strongest sectors in its defense establishment. Nevertheless, it lags behind U.S. and Russian capabilities. Chinese intercontinental ballistic missiles capabilities have increased "only incrementally" in recent years, he pointed out. Nevertheless, Prueher advised that export controls be tightened. "I have to think that our system in the U.S. needs improvement for protecting our military dominance." "Almost everything you see has a dual use," he said. "This is a problem." He noted that China's military can improve its capabilities from the export of communications gear and computers. Prueher acknowledged that military interests in this case compete with the demands of global industries. However, he recommends that "if it's of military significance we ought to hold it a little closer to ourselves." Copyright 1998 The McGraw-Hill Companies, Inc.>> Jeff Vayda