Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT -- Ignore unavailable to you. Want to Upgrade?

To: Ok2Launch who wrote (2760)	2/3/1999 5:56:00 PM
From: Rocket Scientist	Read Replies (1) \| Respond to of 29987

OK2L, thanks for posting the LBros link. I'm struck again by how much money LB expects G* to lose in CY2000: $2.34/sh. I'm afraid they're right, taking into account that the company will presumably start depreciating its 3-4B$ asset at a rate of 500M$/yr and expensing (rather than capitalizing) interest while it's ramping up service from zero. But the number sure looks bad, and Loral's share of it means to me that LOR losses will continue/accelerate next year, not turning black until 2001. I'm not comfortable that that's widely understood. I remember that BLS claimed G* would be net positive to the tune of 500M$ in 2000 as recently as the conference call right after the Zenit failure. Regards, RS