SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Loral Space & Communications -- Ignore unavailable to you. Want to Upgrade?


To: Valueman who wrote (4951)12/2/1998 11:44:00 AM
From: Valueman  Read Replies (2) | Respond to of 10852
 
The September 12 failure of the Russian-Ukrainian Zenit 2 booster with the
loss of 12 Globalstar satellites caused R3 billion of damage in the Russian
Khakassia and Altay republics.

So, that comes out to $155 million. Will it fall upon Loral/G* to pay this
damage? Isn't it a coincidence that it comes out to just about the same
amount as the insurance proceeds?  Nothing like a string of negative surprises to make one paranoid!