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

To: SafetyAgentMan who wrote (6137)	5/13/1999 8:57:00 AM
From: Valueman	Read Replies (1) \| Respond to of 10852

LMT filing: Lockheed Martin has negotiated terms with the Department of Justice which could form the basis of a consent order that would resolve the Department of Justice's review process. The most significant term negotiated is that any consent order would require the divestiture of Lockheed Martin's interest in Loral Space & Communications Ltd. over a two-year period after the tender offer is completed. Lockheed Martin has stated that a condition to its willingness to enter into such a consent order is that Lockheed Martin must obtain binding assurances from Loral Space satisfactory to Lockheed Martin that Loral Space will support Lockheed Martin's proposed divestiture on the terms and conditions and within the time periods required by any consent order, including but not limited to, by making any required filings with the SEC. We do not know when or if Lockheed Martin will reach definitive agreements with the Department of Justice or Loral Space. Further, if such agreements are reached, the consent order reflecting these agreements must be approved by a federal district court. We do not know whether this will occur.