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

To: ccryder who wrote (4799)	11/2/1998 1:28:00 AM
From: Rocket Scientist	Read Replies (1) \| Respond to of 10852

All: Highlights LOR Conf call recorded 10/30: BS said LOR was on track for an anticipated net losss for the year of 72 cents Skybridge investment so far: 3M this quarter 19M this year Some lumpiness in revenue, mainly at SS/L. Expect 4Qtr bookings of 590M (I think a lot of this is intercompany awards, e.g. T8) Trnsponder lease rates firm, but pre-launch fill rates on T6& T7 a little below hoped for. C band rates 1.4M$/yr; Ku band: 1.8-2M$/yr Europestart now fully funded by Loral and Alcatel Expect T6 in service by 5/97; T7 by mid June; pre launch fill rates are 35% and 40-45% respectively Orion 2:Q2 '99; O3: Mar/Apr99 Cyberstar pilot projects going well; selected commercial services next year G* schedule hit not more than three months due to Zenit; will look for 600M$ financing 1st Q99. “Several options” but first choice high yield bonds Q&A: Orion utilization rate? =50%, but improving as Orion marketing benefits from association with Loral FSS group Next G* launch? end Nov to mid December (no explanation for slip with respect to 9/98 plan Finish Soyuz launches by June? four Soyuz's by June; 32 sats total by Q3'99 Eight new G* sat's initiated (long lead parts only); most manufacturing costs to be paid out of operating cash flow. Leonid meteor shower? G. Clark said the one day storm volume is equivalent to a typical year's total exposure. Since annual damage rate of satellites is very small, he's not very worried about Leonids. G* marketing budget compared to Iridium? BS said G's budget will be 50-60M$; service providers will spend additional sums; thinks G marketing will be more effective than Iridium due to greater leadership/involvement by regional SPs. Now anticipates G* will be globally branded, however, which was not clear in the recent past. Skybridge status? believes it to be fully funded through end of “development” phase in Q2'99, not certain thereafter. Will vendor (AEG) share in financial losses caused by delay in T6 necessitated to replace faulty tubes? Maybe.