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Technology Stocks : Orbital science (ORB) -- Ignore unavailable to you. Want to Upgrade?

To: Lester e. who wrote (2082)	3/6/1999 12:41:00 AM
From: Ed McCloskey	Respond to of 2394

Why do you buy insurance? Life, car, homeowners,medical, disability insurance? Because accidents happen, right? So ORB made an accounting mistake. It happens, they're not perfect; but, when the analysts project this stock will be $75 you buy into it. I can forgive that mistake; but, when the company officers sell their stock for a 5 mil. profit, that gets my attention. Why didn't the officers hold until it reached $75? What did they know that we bottom feeders didn't know?

To: Lester e. who wrote (2082)	3/7/1999 6:15:00 PM
From: Richaaard	Respond to of 2394

I agree regarding the class action suit and its affect on shareholders, but there has to be some sort of penalty against the company. Management knew about this accounting problem at least 4 months ago, possibly much longer. This may have even been part of the plan a couple years ago. Management lined their pockets just before they decided to break the news to the rest of us. It would appear that they cooked the books, benefitted personally, and then left the rest of us out to dry. I feel cheated. Richard