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

To: Valueman who wrote (4946)	12/2/1998 9:57:00 AM
From: Valueman	Read Replies (1) \| Respond to of 10852

Hughes' in-orbit failures may make the headlines, but Lockheed gets the award for worst in-orbit and on-ground performance. They made the two Echostar sats that are wounded in orbit. They have also significantly delayed the Nimiq satellite for DBS in Canada, and now the Ikonos sat: Space Imaging Announces Delay of IKONOS 1 Satellite Launch THORNTON, Colo.--(BUSINESS WIRE)--Dec. 2, 1998--Space Imaging announced today that the launch of the world's first commercial one-meter resolution satellite, IKONOS 1, will occur by June 1999. The launch was previously scheduled for 1998. The delay is a result of a technical problem discovered during the satellite's final verification testing. The problem lies in a satellite sub-system and is being corrected. ''The sophistication of a satellite such as IKONOS 1 demands that every sub-system be tested and operate at 100% capability,'' said John Copple, Space Imaging's chief executive officer. ''Lockheed Martin has an extensive test program to ensure any potential problems are corrected prior to launch. Space Imaging will continue to rely on the judgment and proven expertise of Lockheed Martin to ensure mission success.'' IKONOS 1 is being built by Lockheed Martin Missiles & Space in Sunnyvale, California. It will be launched from Vandenberg Air Force Base, California, aboard an Athena II rocket. Space Imaging is a leading supplier of space imagery, aerial photography, mapping services, and derivative geographic information products and services. The company supplies these products and services to commercial, government and consumer users worldwide. Space Imaging collects and distributes Earth imagery from the Indian Remote Sensing satellites, the U.S. Landsat, Canada's RADARSAT and the European Space Agency's ERS satellites. In addition, Space Imaging distributes imagery from the Japanese JERS imaging system archive. The company also delivers a broad array of aerial-derived information products through its Mapping Alliance Program.

To: Valueman who wrote (4946)	12/2/1998 9:59:00 AM
From: Jeff Vayda	Read Replies (1) \| Respond to of 10852

Vman: Unfortunately for me as a 'long', Loral and G* entered the world of politics over the summer. For Shorts and Day Traders this is a great thing. Maybe I'll start playing it short as well. In politics things are always late to the board and things are played behind the scenes. G* will go down as the parties play with each other - The Democrats against the Republicans in the State, Justice and Commerce Departments, each wanting the other to swing in the wind a little. Now with this wonderful international launch world, the Russians add another order of magnitude in players. The Mob, Russians, Ukrainians and God knows who else is in the mix. The result a great trading play with G. Add in the Momentum and Day Traders and things are really screwy. Remember the old investment advice: Research, buy and hold, and most of all, dont look at the stock price everyday! This one will drive you crazy. Long term, Loral and G will do fine. Just have to hang on in the mean time. Jeff Vayda