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

To: Rocket Scientist who wrote (5587)	3/24/1999 4:32:00 PM
From: Goodboy	Respond to of 10852

Hey, it could be worse. They could have invested in Iridium rather than building and financing Globalstar. Loral has pledged financing to Globalstar. That is both noble and smart, but it will cap the stock due to the potential funding issues related to their own satellite systems. They will make sure Globalstar is a success. On the other hand, Motorola executive was quoted as saying they wouldn't let Iridium fail. I am very sure they won't. They will just help guide it through a restructuring that gains them a larger equity stake. Two very different positions between the major backers of the two Big leo systems.

To: Rocket Scientist who wrote (5587)	3/24/1999 5:56:00 PM
From: Bernard Levy	Read Replies (1) \| Respond to of 10852

Hi RS: You have touched again on what constitutes for me a very sore point with respect to Bernie Schwartz. He just does not seem to ''get it'' when it comes to his DNC donations. About months ago, I saw him on the Neil Cavuto show arguing that it was part of ''his rights as a citizen.'' This would certainly the case if he was truly a private citizen. But because he serves as LOR's CEO, whatever he does as an individual citizen impacts both the company and its shareholders. Some minimum of discretion would be in order, but Bernie does not seem to get it. Last year's salary hikes represent only one more manifestation of his lack of sensitivity towards his shareholders. As a consequence, I anticipate that I will vote against both the Board of Directors nominations and the poison pill provisions. Best regards, Bernard Levy