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

To: Rocket Scientist who wrote (6145)	5/13/1999 11:40:00 AM
From: Sawtooth	Respond to of 10852

Thanks for the status report, RS. Not that it's going to make anyone financially rich but a little fun, nonetheless. ...Tim

To: Rocket Scientist who wrote (6145)	5/13/1999 11:42:00 AM
From: Jeff Vayda	Respond to of 10852

Smart Money article on Loral was very favorable. The one pager ended with an analyst saying something to the effect of "Soon people are going to be saying 'How on earth did I miss this one?" Here is some more good news. Refreshing to be painted in a good light for a change. Jeff Vayda SPACE SYSTEMS/LORAL: Space Systems/Loral president honored for contributions to aerospace field WEDNESDAY, MAY 12, 1999 8:33 AM EST - M2 Communications MAY 12, 1999, M2 Communications - NEW YORK -- Loral Space & Communications (NYSE:LOR) today announced that Robert E. Berry, president of Space Systems/Loral, was honored last week on his induction as a Fellow of the American Institute of Aeronautics and Astronautics at the AIAA's Honors Banquet in Arlington, Va. The banquet, which is held in conjunction with AIAA's Global Air & Space '99 conference, honors distinguished individuals who have demonstrated strong leadership and made contributions to the aerospace field. Mr. Berry, who has been involved with the space industry since 1957, is being recognized for outstanding leadership in the development and manufacturing of communications and environmental monitoring satellites. In 1996, he received AIAA's Aerospace Communications Award, presented for outstanding contributions in the field of aerospace communications. Mr. Berry has held leadership positions with Space Systems/Loral (SS/L) and its predecessor companies for 22 years, and has led the company to its position as the fastest-growing major spacecraft manufacturer in the world of commercial communications satellites. Under his leadership, SS/L pioneered among other things the development of large, three-axis stabilized satellites, which are now standard in the industry. Mr. Berry became president of SS/L in 1990, when Loral acquired Ford Aerospace & Communications Corp. He had been general manager of that company's Space Systems Division from 1977 to 1990. Mr. Berry was named senior vice president of Loral Space & Communications in 1996, the year SS/L was awarded the coveted Goddard Contractor Excellence Award in recognition of the company's achievements in quality and design. SS/L's achievements under Mr. Berry include milestone developments in communications payloads, materials, batteries, propulsion systems, and satellite design and power generation. SS/L had 1998 revenues of $1.4 billion and has a backlog of more than 60 satellites. A wholly owned subsidiary of Loral Space & Communications, the company is a full service provider of commercial communications satellite systems and services, including the procurement of insurance and launch services and mission control operations from its Palo Alto, California headquarters. For further information, visit ssloral.com. Loral Space & Communications is a high technology company that primarily concentrates on satellite manufacturing and satellite-based services. These services include broadcast transponder leasing and value-added services, domestic and international corporate data networks, global wireless telephony, broadband data transmission and formatting, Internet connectivity, digital audio radio services, and international direct-to-home satellite services. For more information, visit Loral's web site at loral.com. (C)1994-99 M2 COMMUNICATIONS LTDCONTACT: Mac Jeffery Tel: +1 212 338 5383 e-mail: mac.jeffery@hq.loral.com M2 COMMUNICATIONS DISCLAIMS ALL LIABILITY FOR INFORMATION PROVIDED WITHIN M2 PRESSWIRE. DATA SUPPLIED BY NAMED PARTY/PARTIES.