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

To: Bill who wrote (6221)	5/26/1999 2:22:00 PM
From: Rocket Scientist	Read Replies (1) \| Respond to of 10852

<The committee specifically found that two companies, Hughes Electronics and Loral Space and Communications, improperly advised the Chinese on rocket design in the mid-1990's without obtaining State Department licenses for such discussions. Despite these breakdowns, the Clinton Administration shifted authority for licensing satellite sales from the security-minded State Department to the business-oriented Commerce Department, a decision wisely reversed by Congress last year. > With all due respect for the NYTimes, it's editorial writers are misinformed. The shift in authority from State to Commerce occurred before the alleged "improper advice." Close reading of the Cox report indicates that the "improper advice" provided by Loral was generally originated by non-Americans or obvious motherhood like "improve quality control." Hughes appears to have provided more substantive information, but apparently got approval for it. And the "security-minded State Department" apparently can't tell NATO allies from the Chinese; export license applications are backed up to all countries according to Space News.