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

To: Jeff Vayda who wrote (5178)	1/22/1999 11:33:00 AM
From: Rocket Scientist	Read Replies (1) \| Respond to of 10852

The GMH purchase of Primestar/Tempo today for 1.8B$ has a few ironies: 1. Is it really reasonable that Loral is worth only 3X Primestar? 2. GMH is up big time today in a down market, presumably on this news TSATA has crashed on the news (that, at least is understandable, because what's left over of the 1.8B$ for TSATA s/h is pretty negligible). But I can't understand how the street can think the Primestar purchase at 1.8B$ is a good deal for GMH at the same time it affords a market cap to Loral of less than 6B$.