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

To: Jeff Vayda who wrote (4785)	10/30/1998 11:49:00 AM
From: Rocket Scientist	Read Replies (1) \| Respond to of 10852

I noticed an odd thing with the year ago qrtly comparisons: If you compare todays report of 9/97 results with what was actually reported at the time (see for example, loral.com Loral's added a new "affiliate eliminations" line item under development costs that effectively reduces those costs and thereby increases post development EBITDA and changes the previously reported operating loss of 7.8M$ to a profit of 2.3M$. Apparently these eliminations were previously included in the minority interest/equity in affiliate losses line, because by the time you get below that line, the reports match again. Makes Qtr to Qtr comparisons a little more complicated.