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


To: Valueman who wrote (4882)11/20/1998 11:47:00 AM
From: Valueman  Read Replies (1) | Respond to of 10852
 
Battery problems are not the only stinker in the SPOT 10-Q. The press has overlooked that another SCP has failed:

"Since the Company's announcement of the investigation of the SCP anomalies, an additional SCP failure has occurred on one of its satellites. The satellite is operating normally. The Company continues to believe that the probability of future SCP anomalies of this type resulting in the total failure of any of the five identified HS 601 satellites is very low, however there can be no assurance that there will not be future failures of individual SCPs."

So what are they saying? They believe the probability of failure of an SCP is low....except for this one, and the other 3...but other than those, probability is low.