Loral Space & Communications (NYSE:LOR) - 500 Beiträge pro Seite

[Gatsby2]

Ok, Micky,

Du hattest es ja schon seit längerem angeregt. Seinerzeit war mir die Sache noch zu unsicher, denn der Flop mit Globalstar hat Loral schwerstens belastet. LMT, die 30% von LOR halten haben ihren Teil der Verantwortlichkeit übernommen und wohl mittlerweile auch abgeschrieben. Bernie Schwartz, in der Branche schon fast legendär, hat sein Amt niedergelegt. Die Branche insgesamt hängt allerdings voll im Senkel, und von Auftragseingängen kann kaum noch die Rede sein.

Charttechnisch sieht Loral zur Zeit so aus:



Als allgemeine Information zum Unternehmen mag dieser Link genügen:

http://biz.yahoo.com/p/l/lor.html

Das Unternehmen präsentiert sich hier:

http://www.loral.com/overview/overview.html

Naja, `mal sehen, was daraus jetzt wird.

[Gatsby2]

Die Nachrichten sehen tendenziell eher schlecht aus, denn nach der Pleite mit Globalstar haben sich naturgemäß auch ein paar Haie gefunden, die einen schnellen Dollar wittern:

May 25, 2001

LORAL SPACE & COMMUNICATIONS LTD (LOR) form 8-K

Item 5. Other Events.

-

On May 22, 2001, plaintiffs Philip Hage, Jr. and Ron Maggiaro filed a purported class action complaint against Loral Space &
Communications Ltd. ("Loral") in the United States District Court for the Southern District of New York. The other defendants
named in the complaint are Bernard Schwartz, Loral`s Chairman and Chief Executive Officer, and Richard Townsend, Loral`s
Chief Financial Officer. The complaint alleges (a) that defendants violated Section 10(b) of the Securities Exchange Act of 1934
and Rule 10b-5 promulgated thereunder, by making material misstatements or failing to state material facts about Globalstar`s
business and prospects and (b) that Messrs. Schwartz and Townsend are secondarily liable for these alleged misstatements and
omissions under Section 20(a) of the Exchange Act as alleged "controlling persons" of Loral. The class of plaintiffs on whose
behalf this lawsuit has been asserted consists of all buyers of Loral common stock from November 4, 1999 through February 1,
2001, excluding the defendants and certain persons related or affiliated therewith. Loral believes that it has meritorious defenses to
the above action and intends to pursue them vigorously.

=============================================

Friday May 25, 2:00 pm Eastern Time

Press Release

Wechsler Harwood Halebian & Feffer LLP Announces Class Periods

(DG) Dollar General Corporation; (ITRU) Intertrust Technologies
Corp.; (ICGE) Internet Capital Group Inc.; (LOR) Loral Space & Communications Ltd.

INTERNET WIRE -- Notice to persons who transacted in the following securities and respective class periods:



CORPORATION CLASS PERIOD DUE DATE
DOLLAR GENERAL 05/12/98-04/27/01 06/29/01
(NYSE: DG - news)
INTERTRUST TECH. 08/04/99-05/09/01 07/17/01
(NASDAQ: ITRU - news)
INTERNET CAPITAL 08/04/99-05/09/01 07/05/01
GROUP INC.
(NASDAQ: ICGE - news)
LORAL SPACE & 11/04/99-02/01/99 07/20/01
COMM. LTD.
(NYSE: LOR - news)

Wechsler Harwood Halebian & Feffer LLP (Wechsler Harwood) has been retained to investigate claims or filed class action
complaints involving the securities of the above companies on behalf of investors.

Wechsler Harwood has extensive experience representing shareholders in class actions and has served as lead counsel on behalf
of shareholders in many such actions. The reputation and expertise of this firm in shareholder and other class actions has
repeatedly been recognized by the courts.

If you wish to discuss these actions, or have any questions concerning this notice or your rights or interests with respect to these
matters, please contact Wechsler Harwood Halebian & Feffer LLP, 488 Madison Avenue, New York, New York 10022, by
calling toll free 877-935-7400 or by contacting:

Patricia Guiteau, Shareholder Relations Department - Dollar General Corporation, Intertrust Technologies Corp. and Loral Space
& Communications Ltd.: [e-mail]

Craig Lowther, Shareholder Relations Department - Internet Capital Group Inc.: [e-mail]


Contact:

Patricia Guiteau
Dollar General Corporation, Intertrust Technologies Corp. and Loral Space & Communications Ltd.
877-935-7400
[e-mail]

Craig Lowther
Internet Capital Group Inc.
877-935-7400

[Gatsby2]

Nur der Vollständigkeit halber:


Analyst Robert Friedman of Standard & Poor`s Corp. said Loral is seen as an attractive
takeover target, according to Friedman, because of its service business, which leases
satellites out to media concerns.The Wall Street Journal, published by Dow Jones & Co.
(DJ), put out a newswire, reported in mid-February that Loral and Lockheed Martin are
exploring potential ways to combine facilities and order backlogs."Usually when you
start to see insiders buying the stock, it means that business going forward is looking
good," said analyst Jeff Pittsburg of Pittsburg Research.Regarding takeover rumors,
Pittsburg said it makes "strategic sense" for Lockheed Martin to consider buying
Loral."Lockheed Martin has been moving more and more into diversifying (its) business,
and this would be a natural adjunct to expand satellite operations," the analyst said.

[Gatsby2]

Friday May 25, 7:49 pm Eastern Time

U.S. FCC acts on some satellite licenses

WASHINGTON, May 25 (Reuters) - The Federal Communications Commission refused on
Friday to grant Loral Space & Communications Corp. (NYSE:LOR - news) and VisionStar
Inc. extra time to fulfill requirements to build, launch and operate satellites in coveted slots.

If Loral and VisionStar, which has ties to
EchoStar Communications Corp.
(Nasdaq: DISH - news), do not meet the
deadlines, they could lose the licenses which would likely hamper the rollout
of their satellite services.

The agency also denied requests by PanAmSat Corp. (Nasdaq:SPOT -
news) and Morning Star Satellite Co. LLC to reinstate six licenses for
orbital locations that were seized when the companies failed to meet the
build-out timelines.

The FCC said its actions were done to prevent the ``warehousing of scarce
orbit and spectrum resources.``

That will make six more orbital locations available during a second round of
licensing that is expected to be completed by the summer to ensure the U.S.
does not lose priority for assigning the slots, according to the FCC.

The United States loses priority to license operators in dozens of slots in 2004 under International Telecommunications Union rules
and it can take years to design, build and launch a satellite.

In the second round of licensing 49 orbital slots will be available for licensing plus the six licenses that were once held by Morning
Star and PanAmSat, according to an FCC official. There was only one applicant for 33 of the licenses and no one applied for five
others.

The multiple applicants for the 11 remaining licenses are trying to come up with a plan for who gets which license although no
agreement has been reached yet, the FCC official said. If a deal is not reached by summer, the agency will likely step in to resolve
the matter, the official said.

The FCC also granted GE American Communications Inc., a unit of General Electric Co. (NYSE:GE - news), more time to
complete the construction and launch of its system and NetSat 28 Co. LLC more time to commence construction of its system.

Pegasus Communications Corp. (Nasdaq:PGTV - news) has been urging the FCC to act quickly to ensure the United States did
not lose priority for the slots.

The company wants to use the satellite slots it is seeking, called CONUS to serve the continental United States, to offer
high-speed Internet service in rural and underserved areas.

``We`re happy the FCC is processing these things and moving forward, but in terms of providing usable CONUS slots for the
Pegasus system, we`re looking forward to future decisions at the commission that might be more productive,`` said Bruce Jacobs, a
lawyer at Shaw Pittman for Pegasus.

[Micky_Maus]

@Gatsby,

Gratulation zu dem 1. Loral Space & Communication- Thread, das war überfällig. Beruflich bedingt komme ich nicht jeden Tag dazu, hier reinzuschauen.

Wie ich im Isco-Thread nachgelesen habe, bist du nun auch wieder positiv gestimmt, nach einiger Skepsis zuvor. Die regelmäßig hohen Umsätze sprechen auch nicht für ein rasches Ende von Loral, 3$ sind eine gute Ausgangsbasis für ein Investment.

[Gatsby2]

@Micky

Klar, hohe Umsätze sind immer gut. Also cheers

Auf dass uns LOR noch lange Zeit viel Freude machen wird.

[Gatsby2]

Aus dem Wallstreet Journal:

May 25, 2001

Mexico Plans to Award Satellite Rights
To Foreign Firms, Opening Up Market

By David Luhnow
Staff Reporter of The Wall Street Journal

MEXICO CITY -- Having opened up most of its economy to
foreigners, Mexico is about to open up some of its rights to outer
space as well.

The Mexican government will shortly award its first concessions
enabling foreign satellite operators with Mexican partners to offer
a variety of space-based services, including video, data
transmission and Internet connections. "We are going to grant
concessions for satellite brokers in Mexico of U.S. partners to
use satellite capacity from the U.S.," said Jorge Alvarez Hoth,
deputy communications minister.

Mr. Alvarez declined to specify which companies would win the
concessions. People in the industry familiar with the situation said
the list includes Panamsat Corp., which recently announced a
joint venture with an affiliate of Mexican cellular-phone company
Grupo Pegaso SA. Two other likely winners are the General
Electric Co. unit GE Americom, in the process of being bought by
European company Societe Europeenne des Satellites SA, and
New York-based Loral Space & Communications Ltd.

Mexican media firm Grupo Televisa SA is also expected to win a
concession to lease space to run its internal network -- such as
relaying television signals to remote cities. And Canada`s Telesat,
a unit of telecommunications company BCE Inc., is seen winning
separate approval to provide mobile-satellite services -- for
tracking trucks and ships, for example.

The new entrants could raise the stakes on incumbent Satelites
Mexicanos SA, privatized in 1997 and until now the only
satellite-services provider despite a satellite reciprocity
agreement between the U.S. and Mexico signed that same year.
Satmex is part-owned by Loral and controlled by Mexico`s
Autrey family, with the Mexican government holding the
remaining 25%. "This will bring a boom of satellite services to
Mexico," said Manuel Gomez Ortigoza, a Pegaso director.

Competition to Satmex on its home turf comes at a time when
many global players are consolidating in a bid to remain
profitable. Satmex has just two satellites after losing its
Solidaridad I satellite last year, and has $570 million of debt. Its
foreign partner, Loral, has been hurt by weak results from its
satellite manufacturing operations.

Aside from beaming services to Mexico using foreign-based
satellites, Mexico will auction another satellite orbit -- 77 degrees
West -- sometime later this year, said Mr. Alvarez. That position
covers most of North America, and industry officials expect the
move to net the government anywhere from $250 million to $500
million.

[Micky_Maus]

...und hier eine 6-Monate-Einschätzung

http://www.tradetrek.com
Symbol lor eingeben

Sehr interessant.

[Gatsby2]

Die Nachrichten zu LOR aus der vergangenen Wochen lassen sich unter der Überschrift "Class Actions" zusammenfassen. Offenbar halten mehrere Anwaltskanzleien Klagen wegen irreführender Angaben im Zusammenhang mit der Globalstar-Geschichte für aussichtsreich.

Die Anzahl der diese Woche bekanntgegebenen Class-Periods ist recht imposant. Weil aber in allen Nachrichten mehr oder minder dasselbe drinsteht -nur jeweils von anderen Law Firms- kann ich mich wohl darauf beschränken, die entsprechenden links in den Thread zu stellen.

http://biz.yahoo.com/bw/010601/2429.html
http://biz.yahoo.com/iw/010531/02027718.html
http://biz.yahoo.com/prnews/010530/daw038.html
http://biz.yahoo.com/prnews/010530/daw038.html
http://biz.yahoo.com/iw/010529/02027580.html
http://biz.yahoo.com/iw/010528/02027567.html
http://biz.yahoo.com/iw/010527/02027544.html



Diese Welle von Class Actions scheint allerdings den Markt überraschend wenig beeindruckt zu haben:

[Micky_Maus]

Die US-Sammelklagen (Class Actions) verlaufen zumeist im Sande. Oftmals wird auch einfach gegen ein Unternehmen geklagt, in der Hoffnung auf eine rasche Einigung, wobei einige Dollars dann in den Rachen der Anwälte fließen.

Die relativ hohen Umsätze in den letzten Wochen geben Anlaß zur Spekulation: sind institutionelle Investoren wieder auf der Käuferseite, sind es Insider oder einfach nur Spekulanten?

siehe im unteren Drittel die Überlegungen:

http://biz.yahoo.com/smart/010531/20010530introstocscre.html

[Gatsby2]

Oh, heute sah`s auch wieder gut aus.

http://iw.thomsonfn.com/stocks_iwatch/cgi-bin/iw_ticker?tick…

[Gatsby2]

Ganz wichtige Nachricht für LOR! Wer sich ein bißchen länger mit dem Wert befaßt wird wissen, daß Loral vor ungefähr einem Jahr wegen eines angeblichen Verstoßes gegen die US-Sanktionen gegen China umfangreichen Exportrestriktionen unterworfen wurde. Restriktionen, die seinerzeit durchaus kursrelevant waren.



http://www.dallasnews.com/business/stories/384808_satellite_…

Monday | June 4, 2001



Congress may alter satellite legislation

With industry ailing, GOP shifts stance

06/04/2001

Los Angeles Times

WASHINGTON – Three years ago, Republicans in Congress launched a
ferocious attack on President Clinton for approving the export of satellites
to China in a way they said harmed America`s security.

Now, with a Republican president in the White House and a satellite
industry complaining of lost business, Washington is singing a different
tune.

Amid the furor of the late 1990s, the Republican Congress enacted
legislation making it harder for companies to win government approval of
satellite exports. At the same time, President Clinton put satellite export
applications to China on hold.

Now Congress is considering legislation that would reverse the changes
enacted in 1999. Separately, the Bush administration is thinking of clearing
the way for U.S. companies to have their satellites launched on Chinese
rockets again. All this is happening at the instigation of a U.S. satellite
industry that says hundreds of millions of dollars in sales have gone to
European competitors because of delays caused by the stricter procedures.

Most of the leading U.S. satellite companies are based in California, where
the industry employs an estimated 25,000 people. Rep. Dana Rohrabacher,
R-Calif., has heard their plea.

As recently as two years ago, Mr. Rohrabacher was perhaps the harshest
Republican critic of the Clinton administration`s China policy and its
approval of satellite exports. Now he is one of the two co-sponsors of a bill
to undo the Clinton-era export restrictions.

[Gatsby2]

Mit Gottes Segen wird`s wohl gehen.

Tuesday June 5, 12:08 pm Eastern Time

Press Release

The Christian Church Selects Loral CyberStar to Multicast Worldwide Programming

CyberStar to Provide Streaming Media Services to More Than 500 Sites Worldwide

ROCKVILLE, Md.--(BUSINESS WIRE)--June 5, 2001--Loral CyberStar, a global provider of high-quality data, voice, video,
content and Internet services, announced today that The Christian Church, based in Brunstad, Norway, will use CyberStar`s
satellite-based, multicast services to deliver religious programming to its nearly 35,000 members at more than 500 locations
worldwide. CyberStar is a subsidiary of Loral Space & Communications (NYSE:LOR - news).

The five-year deal will enable The Christian Church to broadcast meetings, conferences and special events to its churches and
congregations in areas not readily accessible through traditional terrestrial networks. The Christian Church will use CyberStar`s
technology and global connectivity to increase member interaction and unify its global membership. This global reach will allow
members of The Christian Church to participate in its services wherever they are located.

``CyberStar is pleased to be helping The Christian Church communicate with its virtual congregation around the world,`` said Neil
Bauer, president of Loral CyberStar. ``This is an excellent example of how non-traditional enterprises are using CyberStar
streaming media technology to cost-effectively deliver content to worldwide locations.``

Before employing CyberStar`s services, many members of The Christian Church had limited interaction with other church members
due to the vast geographic distances between congregations. CyberStar`s satellite technology has eliminated the barriers to building
a unified community by allowing church members to participate in events anywhere in the world.

``Community has always been an integral part of our faith,`` said Sigurd Johan Bratlie, chairman of the board of The Christian
Church. ``CyberStar`s satellite services are helping us foster a greater sense of community among our members around the globe
and this was previously impossible due to the high costs of traditional networks. In addition, CyberStar`s use of digital video
broadcast, or DVB, technology allows us to use a high-quality, reliable communications method that is a worldwide standard and
allows us the room to grow into areas such as IP distribution to extend our worldwide coverage with limited additional investment
in equipment.``

The ``anytime, anywhere`` capabilities of CyberStar`s global network allow organizations such as The Christian Church to deliver
on-demand programming to remote locations around the world more quickly, reliably and cost-effectively.

About The Christian Church

The Christian Church is an international Christian fellowship that began in Norway around the turn of the century. In Norway, The Christian Church is often called
``Smith`s Friends.`` Today, The Christian Church numbers between 25,000 and 35,000 members, with fellowships located in more than 55 countries around the
world. The Christian Church is an evangelical, non-denominational church.

About CyberStar

Loral CyberStar, based in Rockville, Maryland, is a leading global Internet and infomedia business that provides Internet Protocol (IP) broadband data, Internet and
multimedia services to businesses and Internet service providers. Applications include virtual multicast networks, data networking, high-speed file transfer, distance
learning, and audio and video streaming services. The company combines service and marketing expertise from resources and operations in every major region of the
world. For more information, visit CyberStar`s Web site at http://www.cyberstar.com.

About Loral Space & Communications

Loral Space & Communications (NYSE: LOR - news) is a high technology company that concentrates primarily on satellite manufacturing and satellite-based
services, including broadcast transponder leasing and value-added services, domestic and international corporate data networks, Internet services, and broadband
data services including business television, distance learning and video to the desktop. For more information, visit Loral`s web site at http://www.loral.com.

Contact:

CyberStar
Gayle Armstrong
301/258-3341

[Gatsby2]

Hoffentlich ist der mexikanische Herr Eichel nicht ganz so gierig, wie der deutsche:

Tuesday June 5, 11:42 pm Eastern Time

Mexico to auction satellite frequency in October

By Pablo Garibian

MEXICO CITY, June 5 (Reuters) - Mexico plans in October to auction off a new satellite frequency it hopes will attract more
foreign investment to its telecommunications market, a government spokesman told Reuters late on Tuesday.

Known as frequency 67 degrees west, the new satellite band will be suitable
for uses such as direct television and direct data transmission, according to
Mexico Telecommunications deputy minister Jorge Alvarez Hoth.

``We are going to award concessions so that foreign providers can offer
services in Mexico,`` he said in an interview.

Satellite communications in Mexico are currently dominated by Satmex, 49
percent owned by Loral Space & Communications Corp (NYSE:LOR -
news). Mexico`s Principia holds 25 percent and the Mexican government
controls the rest of Satmex.

The company`s three satellites cover the United States, Mexico, Central
America and parts of South America and offer broad-band access to the
Internet, direct television, video-conferencing and long-distance services,
among others.

Other satellite operators in Mexico include Intelsat, with some 200 investors worldwide, and PanAmSat Corp (NasdaqNM:SPOT -
news).

Alvarez said Grupo Pegaso, a Mexican company offering video, data and Internet services through its subsidiary PanAmSat
Mexico, formed together with PanAmSat, has already expressed interest in the new satellite frequency.

``In July we will provide the bidding terms to be able to effectively have the auction in October,`` said Alvarez.

Satmex did not express interest in the new frequency.

``We must wait to see the bidding terms, but it`s not a frequency that interests Satmex,`` a spokesman said.

[Micky_Maus]

(Legale) Insiderverkäufe und Class Actions bei Loral:

http://www.wallstreettape.com/c/stockwerld/news/allnews.asp?…

[Gatsby2]

Hey Micky, coole page. Das ist ja exakt die Zusammenstellung aller Yahoo-Nachrichten. Wird sofort gebookmarkt

Bloss - wo siehst Du denn Insiderverkäufe??

http://www.wallstreettape.com/c/stockwerld/news/frame.asp?sy…

[Micky_Maus]

Rein charttechnisch sieht es derzeit nicht so rosig aus (Stochastik zeigt überkaufte Lage), Loral im stillen Fahrwasser:

http://www.clearstation.com/cgi-bin/details?Symbol=lor&Refer…

Auf Jahressicht bleibe ich optimistisch, Kursziel 5$

[Micky_Maus]

Über 15% im Plus, und das bei schwachem Marktumfeld.

Und in Frankfurt hat einer seine Aktien zu 3,25€ verhöckert, tsts..

[Gatsby2]

Micky, sagtest Du Jahresende 5 $??

Ich bin ja fast versucht, Dir die nächste Wette anzubieten.

[Gatsby2]

Oh, ausnahmsweise weder eine neue Pleite, noch ein neuer Prozess. Sie machen auch noch operative Geschäfte, und es gibt sogar noch Auftragsbestände.



Saturday June 9, 9:10 am Eastern Time

Press Release

Successful Launch: Loral-Built Intelsat 901 Telecommunications Satellite

New Spacecraft is First in Intelsat IX Series, 25th Satellite Built by Space Systems/Loral for the
International Telecommunications Consortium

NEW YORK--(BUSINESS WIRE)--June 9, 2001-- Intelsat 901, the latest in a line of advanced telecommunications satellites
built for Intelsat by Space Systems/Loral, a subsidiary of Loral Space & Communications (NYSE: LOR - news), was successfully
launched at 2:45 a.m. EDT (6:15 a.m. GMT) this morning.

The satellite was sent into space from the European Spaceport at Kourou, French Guiana, aboard an Ariane 44L launch vehicle.

Intelsat 901, to service the Atlantic Ocean region from its 342(Degree) East orbital position, is the first to be launched of the seven
Intelsat IX series satellites SS/L is building for the world`s largest satellite operator. The remaining six satellites in the series will be
launched over the next two years.

Intelsat 901, and each of the new Intelsat IX series satellites, carries 42 C-band and 14 Ku-band operating transponders, and its
solar arrays will generate more than 8.6 kilowatts of power (beginning of life). This Intelsat IX series of spacecraft will carry a
much greater percentage of high-power amplifiers and generate more solar array power than their predecessors with only a small
increase in dry mass.

The increased power and efficiency of the new Intelsat IX satellites will provide better coverage and stronger signals to help satisfy
the burgeoning global appetite for digital services, smaller earth stations, and specialized communications services. They will
replace Intelsat VI satellites, now on orbit, to provide enhanced voice, video, and data transmission services across the globe.

Intelsat 901 is the 25th satellite delivered to the international satellite operator since 1976 by SS/L. With the delivery of the
Intelsat-IX series, SS/L will have built 31 spacecraft for Intelsat, nearly half of their fleet, and significantly more than any other
manufacturer.

The spacecraft is a version of SS/L`s space-proven 1300 geostationary satellite platform, which has an excellent record of reliable
operation. The 1300 is designed to achieve a long useful orbital life, in this case 13 years, excellent station-keeping, and orbital
stability by using bipropellant propulsion and momentum-bias systems. A system of high efficiency solar arrays and lightweight
batteries provides uninterrupted electrical power. In all, SS/L satellites have amassed a total of more than 800 years of service.

The Companies

Intelsat is an international communications provider offering Internet, broadcast, telephony and corporate network solutions around
the globe through its fleet of 19 satellites. For nearly four decades, many of the world`s leading telecommunications companies,
multinational corporations and broadcasters in more than 200 countries and territories have relied on Intelsat satellites and staff for quality connections, global reach
and reliability. For more information, visit www.intelsat.com.

Space Systems/Loral is one of the world`s premier designers, manufacturers, and integrators of powerful satellites and satellite systems. SS/L also provides a range of
related services, including mission control operations and procurement of launch services. Based in Palo Alto, California, the company has an international base of
commercial and governmental customers whose applications include broadcast video distribution, broadband digital communications, direct-to-home broadcast,
environmental monitoring and air traffic control. SS/L is ISO 9001 certified.

For more information, visit http://www.ssloral.com.

Loral Space & Communications is a high technology company that concentrates primarily on satellite manufacturing and satellite-based services, including broadcast
transponder leasing and value added services, domestic and international corporate data networks, broadband data transmission and content services and Internet
services. For more information, visit Loral`s web site at http://www.loral.com.

Contact:

Loral Space & Communications
John McCarthy, 212/338-5345

[Gatsby2]

Bush Rehearses His Pitch for Missile Defense

By Mike Allen
Washington Post Staff Writer
Saturday, June 9, 2001; Page A02

DALLAS CENTER, Iowa, June 8 -- President Bush touted missile defense today as a sensible successor to a Cold War doctrine
"that says we keep the peace by blowing each other up."

Rehearsing the pitch he plans to make in Europe next week, the president offered a justification for his proposal to build a missile
defense system, saying U.S. allies need to think differently about combating "the true threats of the 21st century."

"The true threats are the fact that some rogue nations who can`t stand America -- or our allies, or our freedoms, or our successes
-- will try to point a missile at us, and we must have the capacity to shoot that missile down," Bush said.

Despite increasingly vocal objections from Democrats and countries in Europe and Asia, the administration is stepping up efforts
to put in place a limited missile defense system before the end of Bush`s term.

The Pentagon said yesterday that it hopes to conduct a missile defense test by the end of July, the first since Bush took office.
The test would take place one year after the last one, which ended in failure, leading President Bill Clinton to defer a deployment
decision.

The test is to include the same components as a year ago -- a mock warhead and decoy balloon to be launched from California`s
Vandenberg Air Force Base, and a prototype interceptor with a "kill vehicle" to be launched 4,300 miles away, from the Marshall
Islands. Last July, and in a test the previous January, the missile missed the mock warhead.

Visiting a cattle farm here that was an early stop on his presidential campaign, Bush had planned to spend today hailing the
benefits of the tax cut measure he signed on Thursday. But he also devoted some of his remarks to missile defense, underscoring
the urgent need to make a stronger case for it on the eve of his one-week trip to Europe, which will begin Monday.

The administration sent emissaries around the world to describe the missile defense plan last month, and they were met with a
barrage of objections from Russia and Western Europe that missile defense would not work and could provoke a new arms race.

Reflecting the Democratic opposition in Congress, Senate Majority Leader Thomas A. Daschle (D-S.D.) criticized Bush`s missile
defense plan today with some of his harshest language yet, declaring that "every aspect of the debate and the consideration given
this whole program is troubling to me."

"We have said all along that to commit the billions, the tens of billions of dollars to deployment, to a system that we don`t know
works just seems to be backwards to most of us," the new majority leader said.

Bush has not said what combination of air, land, sea or space components would make up his missile shield, and he has not said
how much it would cost. Looking ahead to his departure for his first presidential trip outside North America, Bush said he "can`t
wait to describe to the people of Europe and the leaders of Europe how important it is that freedom-loving people think differently
about how to keep the peace."

"Russia`s no longer our enemy and, therefore, we shouldn`t be locked into a Cold War mentality that says we keep the peace by
blowing each other up," he said.

Bush began his speech by calling the tax cut "the beginning of a lot of reform that`s going to take place."

"I`m excited about what`s coming down the pike," Bush said, mentioning his determination to improve education standards and to
raise military pay and morale. The trip was his third to Iowa since taking office, as he works to deter a Republican nomination
challenge in a state that he lost to Vice President Al Gore by 4,000 votes.

Later, in Omaha, Bush threw out the first pitch at the NCAA men`s College World Series. It was a perfect strike -- the catcher
barely moved his mitt -- and Bush seemed pleased with himself. When one of the players praised his form, Bush said he had "put
a little zip on it."

© 2001 The Washington Post Company

[Micky_Maus]

Was meinst du, Gatsby, sind 5$ zu optimistisch bis Jahresende oder siehst du es gar 2stellig ?? Ich denke, grundsätzlich sind wir einer Meinung, LOR ist ein interessantes Investment und momentan immer noch unterbewertet.

Die am Freitag in Frankfurt verkauften Dinger zu 3,35€ und 3,25€ hätte ich gerne eingesammelt. Der Makler nahm sie zum Spottpreis und hat ein gutes Geschäft gemacht.

[Gatsby2]

Loral zweistellig? Hmm... es gibt Leute, die sowas für möglich halten, aber dafür scheint mir die Belastung der Fundamentaldaten durch die Globalstar-Pleite dann doch zu hoch.

Allerdings könnte ich mir vorstellen, daß sich das Ding relativ zeitnah verdoppelt. Wie Du sicher schon mitbekommen hast, halte ich von Charttechnik und damit verbundenen Indikatoren nicht allzu viel. Darum nur die Eckdaten, so wie sie mir gerade aufgefallen sind:

RSI liegt bei 60 - kein sonderlich weltbewegender Wert, der wenige Schlüsse zuläßt, sicherlich aber nicht den Schluß darauf, daß die Aktie überkauft ist. Im Chart hat LOR am Freitag mit einiger Vehemenz (+ 15,6% bei doppeltem Tagesvolumen) die 100-Tage-Linie durchstoßen. Schon letzte Woche war eine massive Schließung offener Short-Positionen zu beobachten. Sollte der Wert von Smartmoney noch nicht veraltet sein, liegt das Short Interest derzeit immer noch recht hoch beim 5.9-fachen Tagesvolumen, also rund 13 Mio. Aktien. Ein weiterer Abbau dieser Positionen könnte eine charttechnischen Trendwende einleiten und damit diejenigen anlocken, die ihre Entscheidungen auf derartige Erwägungen stützen.

Aus meiner Sicht hätten Shorties guten Grund, ihre Positionen relativ bald zu schließen.

Ob man Gerüchten glaubt, oder nicht, ist immer so`ne Sache. Es ist allerdings kein Geheimnis, daß in der Satellitenbranche heftige Konsolidierungen anstehen. Die gerüchteweise kolportierte Übernahme durch Lockheed Martin per Aktientausch wäre somit aus meiner Sicht eine sehr gut denkbare Alternative. LM hält ohnehin schon eine erhebliche Beteiligung an LOR, und beide Unternehmen arbeiten seit Jahren in vielen Gebieten eng zusammen; seit Januar wird geprüft, inwieweit Kapazitäten und Auftragsbestände zusammengelegt werden können. Es erscheint mir nicht allzu weit hergeholt, hier den Begriff "due diligence" in den Raum zu stellen.

Attraktiv an Loral ist neben der langen Erfahrung im Bau kommerzieller Satelliten vor allem das kommerzielle Servicegeschäft im Bereich Satellitentelekommunikation. LOR wäre damit eine geradezu ideale Ergänzung sowohl zu dem von LM Global Telecommunications geplanten Satellitennetz, als auch zu Bill Gates` Projekt Teledesic.

Disclaimer: Ich habe hier nur `mal meine Meinung wiedergegeben, die aber komplett falsch sein kann.

Schönen Sonntag

Gatsby

[Gatsby2]

Kleine Promomaßnahme von Loral: Serviceprovider, die über Loral SkyNet in das Kabelnetz einspeisen wollen, können die Empfangsantennen umsonst bekommen.

Tuesday June 12, 10:44 am Eastern Time

Press Release

Loral Skynet Offers Antenna-Seeding Program For Growing Cable Zone

Free Antennas for Qualifying Cable Operators to Receive Programming
from Telstar 7 and Telstar 13 Cable Satellites

BEDMINSTER, N.J.--(BUSINESS WIRE)--June 12, 2001-- Loral Skynet today announced
an antenna seeding program for its Telstar 7 satellite that will provide cable operators access to
the premier programming available on the satellite, enhancing their consumer cable package.

Beginning immediately, Skynet will provide free antennas or feed horn kits to qualified cable
operators. This easy-to-use antenna program will be expanded to the next Loral satellite that
will cater to cable operators - Telstar 13 - when it enters service next year. Loral Skynet is a
subsidiary of Loral Space & Communications (NYSE: LOR - news).

From Telstar 7, cable operators can receive premium content that includes Time Warner
Cable`s AthenaTV, A&E Television Networks, OlympuSAT programming, InDemand
pay-per-view services, HBO HDTV and Playboy Television. Through Loral Skynet`s previous
antenna seeding efforts, used by A&E, Time Warner and InDemand, programming on the
Telstar 7 satellite now reaches an audience of approximately 30 million viewers.

In the fixed satellite service business, premier cable programming customers generally locate
their content on satellites in the Western half of the North American orbital arc. Telstar 7,
ideally located in this prime cable real estate at 129 degrees West Longitude, is the first
satellite in what Loral Skynet has named its ``cable zone.``

Loral Skynet`s cable zone will expand with the addition of Telstar 13 in the fourth quarter 2002,
to be located at 121 degrees West Longitude. Loral Skynet will use Telstar 13`s 24 C-band
transponders to complement the Telstar 7 satellite, enabling the company to provide greater
service capabilities and to provide enhanced restoration and protection to customers in the
cable industry across the US.

``The antenna seeding program adds significant value to Loral Skynet`s cable zone by offering
the hardware and program management expertise cable operators demand,`` said Terry Hart,
president of Loral Skynet. ``Our antenna program eliminates the cable operators` cost for
installing new antennas to gain access to programming on Telstar 7, greatly increasing
programmers` demand for our cable zone.``

Telstar 7 carries twenty-four 36 MHz C-band transponders and twenty-four 36 MHz Ku-band transponders, with beams that
cover the continental US, Alaska, Hawaii, Puerto Rico, the Caribbean, and into Canada and Latin America. Telstar 7 serves a
robust and growing cable neighborhood, as well as VSAT, data, Internet, and other value-added services.

The complete program description, terms and applications can be found at www.loralskynet.com.

Loral Skynet of Bedminster, N.J., a subsidiary of Loral Space & Communications, is a leading satellite communications services
provider that operates the Telstar satellite fleet. The fleet provides C-band and Ku-band coverage over the continental United
States, Hawaii, Alaska, Puerto Rico, and the Caribbean, as well as Europe, Asia, South America, northern Africa and South
Africa. Customers lease transponder capacity to distribute network television programming, to collect live video feeds for the
reporting of news and events, to provide Internet connectivity to Internet Service Providers and other users, and to offer
direct-to-home and pay-per-view programming, distance learning, educational, and other business television services. Loral Skynet
also provides technical consulting, as well as tracking, telemetry, and control of satellite fleets for a wide variety of customers.
Loral Skynet is ISO 9002 certified. For more information, visit Loral Skynet`s web site at http://www.loralskynet.com.

Loral Space & Communications is a high technology company that concentrates primarily on satellite manufacturing and
satellite-based services, including broadcast transponder leasing and value added services, domestic and international corporate
data networks, broadband data transmission and content services and Internet services. For more information, visit Loral`s web
site at http://www.loral.com.

Contact:

Loral Skynet
Micki LoMonaco, 908/470-2589

[Gatsby2]

Monday June 18, 2:34 am Eastern Time

Astrium seeking linkups with Loral, Lockheed - WSJ

NEW YORK, June 18 (Reuters) - Astrium NV, Europe`s largest satellite maker, has repeatedly discussed a possible linkup with
Loral Space & Communications Ltd (NYSE:LOR - news) and separately with Lockheed Martin Corp (NYSE:LMT - news) over
the past eight months, the Wall Street Journal reported in its online edition on Monday.

Citing officials familiar with the talks, the newspaper said that while no specific terms have been laid out, Astrium
is ``very serious about pursuing`` such cross-border linkups.

The newspaper said Astrium has asked its lawyers to begin a review of the legal precedents, while company
representatives also have approached U.S. State Department and Pentagon officials to seek their initial reaction.

The topic is expected to come up this week at the Paris Air Show, where satellite executives are slated to meet
to assess the political and economic factors threatening to change the structure of their industry, the newspaper
reported.

European aerospace firm EADS owns a 75 percent stake in Astrium, while Britain`s BAE Systems Plc (quote
from Yahoo! UK & Ireland: BA.L) holds the remaining 25 percent.

The newspaper also reported that other officials have said the space unit of Alcatel SA , another major
European satellite builder, is conducting its own talks about forming a possible strategic partnership with Boeing Co.`s (NYSE:BA - news) satellite unit.

[Gatsby2]

Auch Loral hat Nachrichten von der Pariser Airshow:

- Zum einen hat CyberStar den Auftrag, weltweit alle britischen Botschaften zu vernetzen, und

- zum anderen sind erneut die Konsolidierung der Satellitenbranche und damit verbundene transatlantische Verbindungen im Gespräch.



Tuesday June 19, 2:36 pm Eastern Time

Press Release

Loral CyberStar Chosen by Global Crossing to Provide Two-way Broadband Communications for British Embassies Worldwide

Addition of Satellite Services Allows All Embassies Reliable, Secure
Broadband Connectivity

ROCKVILLE, Md.--(BUSINESS WIRE)--June 19, 2001-- Loral CyberStar today announced
that it has been awarded a multiyear contract to provide very small aperture terminal (VSAT)
services to Global Crossing, one of the world`s largest telecommunications service providers. In
support of Global Crossing`s contract to develop a virtual private network (VPN) for British
embassies worldwide, CyberStar`s two-way VSAT network will deliver secure voice, data, and
Internet services to embassies in hard-to-reach and infrastructure-deficient regions of the
world.

Global Crossing will implement and support the UK government`s Foreign and Commonwealth
Offices` (FCO) telecommunications network (FTN) and provide managed voice, data, and
messaging services to approximately 10,000 users in 240 British embassies, consulates, high
commissions, and diplomatic missions worldwide. To ensure universal access to broadband,
integrated and flexible communications, CyberStar`s VSAT solution will allow all British
embassies to have the same high-quality, secure and reliable communications.

``VSATs were the only solution for many embassies where local telecommunications is either
nonexistent or unsuitable for the sensitive nature of the traffic embassies send,`` said Martin
Lea, UK managing director, Global Crossing. ``We won this contract because of our ability to
provide the FCO with a variety of options based on the needs of each individual embassy.
CyberStar`s global presence and experience in operating large managed data VSAT networks
are the perfect complement to our own extensive terrestrial communications and Internet
Protocol network.``

CyberStar`s flexible and reliable multiplexed network provides secure, resilient, and
cost-effective connectivity for both point-to-point and point-to-multipoint communications with
no intervening terrestrial links. Its high rate of availability ensures support for critical
communications and its dedicated bandwidth can be increased from 64Kbps to 320Kbps
without expensive and time-consuming equipment changes. CyberStar`s easily installed VSATs
will give the UK FCO the flexibility to quickly deploy, redeploy and upgrade sites as its
networking needs change around the world.

``The addition of VSATs to this network will allow the FCO to create a single, online global organization with the most up-to-date
communications available to all,`` said Chris Chaney, vice president and general manager, Loral CyberStar. ``CyberStar offers
Global Crossing a rapidly deployed solution and quality of service that will help its customer achieve a global and consistent
communications for data, voice, intranet, fax, email, and Internet services to all British FCO locations.``

About Global Crossing

Global Crossing Ltd. (NASDAQ: GBLX - news) is building, and offering services over, the world`s first global fiber optic network,
which will have more than 101,000 route miles, serving five continents, 27 countries, and more than 100 major cities. Global
Crossing`s operations are headquartered in Hamilton, Bermuda, with principal offices in Los Angeles, California; London, England;
Morristown, New Jersey; Rochester, New York; and Miami, Florida. Visit Global Crossing at www.globalcrossing.com. Visit
Global Crossing in the UK at http://www.global-crossing.co.uk.

About Loral CyberStar

Loral CyberStar is a leading satellite provider of high-quality data, voice, video, and Internet backbone delivery to multinational
enterprises and Internet service providers (ISPs). Using its global IP multicast network, CyberStar quickly and efficiently
distributes multimedia and data-intensive content around the world via innovative high-speed satellite links that avoid network
congestion, Internet bottlenecks, and underdeveloped infrastructure. Regardless of geographic location, time differences, or
``last-mile`` barriers, CyberStar can deliver data, broadband, streaming media, web-casts, and Internet backbone connectivity that
meet end-user expectations. For more information, visit CyberStar`s Web site at http://www.cyberstar.com.

About Loral Space & Communications

Loral Space & Communications (NYSE: LOR - news) is a high technology company that concentrates primarily on satellite
manufacturing and satellite-based services, including broadcast transponder leasing and value-added services, domestic and
international corporate data networks, Internet services, and broadband data services including business television, distance
learning and video to the desktop. For more information, visit Loral`s Web site at http://www.loral.com.

Contact:

CyberStar, Rockville
Gayle Armstrong
Tel: [phone]
[e-mail]

=======================================================

Tuesday June 19, 8:29 am Eastern Time

Talks continue on transatlantic satellite alliance

By Alexander Miles

LE BOURGET, France, June 19 (Reuters) - A possible alliance between U.S. and European
commercial satellite manufacturers is under discussion as industry consolidation has bypassed
the sector, officials at the Paris air show said on Tuesday.

``While other segments of the aerospace
industry have consolidated, we have simply changed names,`` Armand Carlier,
president of the Europe`s largest satellite manufacturer Astrium told a news
conference.

Carlier, however, declined to reveal at what stage negotiations were with
U.S. manufacturers Lockheed Martin (NYSE:LMT - news) and Space
Systems/Loral (NYSE:LOR - news).

``Everyone is talking with everyone, but at this stage I have nothing specific to
announce.``

Astrium, however, sees legal obstacles which have to be surmounted before
an alliance or merger can be envisaged.

Officials point to the joint venture formed in December by Raytheon Corp. (NYSE:RTNA - news) of the U.S. and France`s
Thales SA to develop radar and air-defence systems. That linkup had to clear a slew of regulatory hurdles in Washington but
eventually did so with political support on both sides of the Atlantic.

``If we form an alliance with an American company, we need to be treated in the U.S. like an American company and not be
restricted to lucrative government and military markets,`` an Astrium official said.

European aerospace firm EADS owns a 75-percent stake in Astrium, while Britain`s BAE Systems Plc (quote from Yahoo! UK &
Ireland: BA.L) holds the remaining 25 percent.

Lockheed Martin also sees consolidation as inevitable, but declined to reveal if negotiations were advanced.

OVERCAPACITY SEEN

``We feel that there is overcapacity in the industry,`` Albert Smith, Lockheed Martin executive vice-president said.

``We have seen a movement by all the manufacturers toward consolidation. These are complex issues and discussions are on-
going.``

A decline in United States` market share is increasing pressure for consolidation.

The decline in U.S. satellite manufacturing market share was highlighted in a study commissioned by the Satellite Industry
Association (SIA).

It found American satellite manufacturers had lost their dominant position in winning contracts. Their share of the world market
slipped to roughly 50 percent in 2000, compared with about 65 percent of world contracts in 1999.

Alcatel SA , another major European satellite builder, is conducting its own talks about forming a possible strategic partnership
with Boeing Co.`s satellite unit.

=======================================================

[Gatsby2]

Eine unscheinbare, aber vielleicht doch wichtige Nachricht, zeigt sie doch einmal mehr die kommerziellen Erfolge Lorals im Bereich satellitengestützter Netzwerke:

Thursday June 21, 9:58 am Eastern Time

Press Release

DMX/AEI MUSIC to Migrate Delivery of Their Digital Music Service to Loral Skynet`s Telstar 8 Satellite

DMX/AEI MUSIC to Continue Using Telstar 4 Until Launch of Telstar 8 in 2002

BEDMINSTER, N.J.--(BUSINESS WIRE)--June 21, 2001--Loral Skynet today announced that DMX/AEI MUSIC has agreed
to extend its commitment to distribute its digital music programming on Loral Skynet satellites, moving its services from Telstar 4 to
Skynet`s largest satellite ever - Telstar 8 - when it enters service in 2002.

Loral Skynet is a subsidiary of Loral Space & Communications (NYSE: LOR - news).

DMX/AEI MUSIC currently uses Telstar 4 to reach its commercial customer base of over 62,000 businesses in the United States.

``Loral Skynet is always eager to work with customers who offer a unique application that truly shows the intrinsic value of
satellites,`` commented Terry Hart, president, Loral Skynet. ``DMX/AEI MUSIC`s digital music service is a perfect example of a
satellite`s ability to broadcast content to thousands of sites simultaneously. We are pleased to continue our relationship with
DMX/AEI MUSIC and look forward to welcoming them on to our newest and largest satellite, Telstar 8.``

DMX/AEI MUSIC distributes its digital music services to 8.5 million homes, 500,000 airline passengers and 180,000 businesses
around the world, with a daily listening audience of over 75 million. DMX/AEI MUSIC chose Loral Skynet because of its ability to
provide long-term reliable service and the capacity for future growth.

``With the continued growth of DMX/AEI MUSIC`s worldwide customer base and our ever-increasing depth of music
programming, we look forward to a long relationship with Loral Skynet through its launch of Telstar 8,`` said Doug Talley, Chief
Technical Officer of DMX/AEI MUSIC.

Telstar 8 is scheduled to launch in the third quarter of 2002 into the 89 degrees West Longitude orbital position. Telstar 4,
currently providing coverage of the U.S., Alaska, Hawaii, Puerto Rico, U.S. Virgin Islands, and Canada from the 89 degrees West
position, will move to 77 degrees West Longitude.

Telstar 8, Loral`s first tri-band satellite, will carry 22 C-band and 24 Ku-band transponders, and will carry a Ka-band payload
with enhanced spot-beam technology, coverage and connectivity options. Telstar 8 will provide expanded coverage of North and
South America including a dedicated South American beam.

About DMX/AEI MUSIC

DMX/AEI MUSIC, which was formed by the merger of DMX MUSIC and AEI Music Network Inc. in May 2001, is a subsidiary of Liberty Digital, Inc. Operating
in more than 50 countries, DMX/AEI MUSIC is headquartered in Los Angeles with offices in Seattle and throughout the United States and internationally in
Australia, Belgium, France, Germany, Holland and the United Kingdom. DMX/AEI MUSIC is a global leader in digital music programming, with one of the world`s
largest digital music and video libraries, creating more than 250 unparalleled styles of non-stop music delivered via digital cable, satellite and Axis(TM) - a
groundbreaking, digital audio and video delivery system that combines the power of the Internet, the latest IBM e-business platforms and Microsoft software, and via
ProFusionTM Digital - a revolution in business entertainment that fuses the simplicity of broadcast and the flexibility of a CD player in a single platform solution.

DMX/AEI MUSIC distributes its music services worldwide to more than 8.5 million homes and creates professional, demographically-targeted audio and video
programming for over 180,000 businesses in the fashion, specialty retail, and hospitality and airline industries with a daily worldwide listening audience of over 75
million people. DMX/AEI MUSIC commercial customers include Victoria`s Secret, Saks Fifth Avenue, Nine West, Bloomingdale`s, Macy`s, The Limited, Pottery
Barn, Tommy Hilfiger, Abercrombie & Fitch, Olive Garden, Nordstrom, bebe and Pier 1 Imports and Brinker International Restaurants, including Chili`s, Macaroni
Grill and Cozymel`s. For more information on the company, access its websites at http://www.dmxmusic.com and http://www.aeimusic.com.

About Loral Skynet

Loral Skynet of Bedminster, N.J., a subsidiary of Loral Space & Communications (NYSE: LOR - news), is a leading satellite communications services provider that
operates the Telstar satellite fleet. The fleet provides C-band and Ku-band coverage over the continental United States, Hawaii, Alaska, Puerto Rico, and the
Caribbean, as well as Europe, Asia, South America, northern Africa and South Africa. Customers lease transponder capacity to distribute network television
programming, to collect live video feeds for the reporting of news and events, to provide Internet connectivity to Internet Service Providers and other users, and to
offer direct-to-home and pay-per-view programming, distance learning, educational, and other business television services. Loral Skynet also provides technical
consulting, as well as tracking, telemetry, and control of satellite fleets for a wide variety of customers. Loral Skynet is ISO 9002 certified. For more information, visit
Loral Skynet`s web site at http://www.loralskynet.com.

Loral Space & Communications is a high technology company that concentrates primarily on satellite manufacturing and satellite-based services, including broadcast
transponder leasing and value added services, domestic and international corporate data networks, broadband data transmission and content services and Internet
services. For more information, visit Loral`s web site at http://www.loral.com.

Contact:

Loral Skynet, Bedminster
Micki LoMonaco, 908/470-2589
[e-mail]
or
DMX/AEI MUSIC, Los Angeles
Jennifer Auther, 310/444-1744
[e-mail]

[Gatsby2]

Thursday June 21 2:42 PM ET

Satellite Firms Resurrected Despite Challenges

By Yukari Iwatani

CHICAGO (Reuters) - The idea of a mobile phone network connected
through satellites in outer space holds the allure of anyone, anywhere
calling anyone, anywhere around the globe.

That vision is hard to deny. It is the reason the satellite telephone business
still has its believers, even though many of the main players have already
crashed once under the burden of heavy debt and unfavorable publicity.

The potential value of such a far-reaching communications system was
what inspired firms like wireless technology giant Motorola Inc.
(NYSE:MOT - news) and satellite firm Loral Space & Communications
Ltd. (NYSE:LOR - news) to spend billions on development in the 1990s.

These companies saw their investments collapse amid overhyped
expectations, the unexpected proliferation of cheaper, ground-based
wireless networks and a loss of investor faith after the spectacular $5 billion implosion of Motorola-led
Iridium LLC.

Even so, three failed firms are being resurrected by new owners who hope to disprove skeptical analysts
and succeed where others have failed.

``They believe that there is a more economic way to operate the system than the founders put in place,``
Roger Rusch, president of satellite consulting firm TelAstra said, alluding to the huge operating costs that
weighed down many of the predecessors.

Iridium, Orbcomm Global and ICO Global Communications are among those companies that have started
anew, betting that improved strategies, a sharper focus and more modest expectations will help them
make it the second time around.

Both Iridium and ICO first started as satellite firms that offer wireless voice service, but they now plan to
offer data service as well. Orbcomm is a provider of short data messaging and location services via
satellite to industries.

The new management teams face hefty challenges including raising additional money, attracting enough
subscribers to support their business model and being the first to market with new, appealing features
such as data service.

But analysts said they have a greater chance of survival than their predecessors particularly because the
new owners bought the assets of previously existing firms at a steep discount and are starting off with
little or no debt.

PAYING $25 MILLION FOR A $5 BILLION FIRM

``The financial obligations are clearly the big difference,`` William Kidd, satellite industry analyst with
Lehman Brothers, said. ``Those have been reduced immensely which allows the restructured company to
successfully navigate for a much more realistic business ramp,`` he added.

For example, the new owners of Iridium were able to buy the bankrupt satellite firm`s assets for $25
million, much lower than the $5 billion that investors in the old firm doled out for satellites, infrastructure
equipment and operating costs.

``What that does for us is (it) substantially lowers our break-even point,`` Gino Picasso, chief executive of
the new Iridium, said, adding that it can also afford to offer its service at a cheaper rate than its
predecessor.

Similarly, International Licensees, the new owners of Orbcomm Global, are believed to have bought the
assets of the firm for a fraction of the $810 million that investors sank into it. The company did not
disclose the purchase price.

INDUSTRIES PROMISING THAN CONSUMERS

Analysts said Iridium, Orbcomm and ICO`s focus on niche business customers also holds more potential
to build subscriber growth than the consumers that satellite firms have targeted in the past.

Iridium along with Globalstar Telecommunications Ltd. (NasdaqSC:GSTRF - news) failed miserably in
attracting consumers due to the quick spread and plunging cost of ground-based wireless services. Bulky
satellite mobile phones that cost as much as $3,000 couldn`t compete with smaller and cheaper cell
phones.

Globalstar continues to target consumers, but Iridium and ICO are now targeting businesses in vertical
markets that rely on communication in remote areas. These include the maritime, government, land
transport and aeronautical industries.

Orbcomm already provides service to industrial users in the trucking and railroad industries.

London-based Inmarsat Ltd., regarded as one of the most successful satellite communications firms,
proved that targeting niche vertical industries can be successful.

Although TelAstra`s Rusch questioned whether the niche markets could be big enough to accommodate
all of the players, satellite companies are betting that there is enough room for everyone.

``We think there is a very, very large market for high quality satellite services that are priced right,`` Mark
Johnson, director of corporate communications for ICO said. ``Given those qualifications, yes,`` he said,
there is enough room for everyone.

ICO, a unit of ICO-Teledesic Global Ltd., acquired the assets of its predecessor after it ran out of
money. ICO-Teledesic Global is owned by billionaire investor Craig McCaw.

MAJOR OBSTACLES

Despite such factors, each company clearly has obstacles to overcome before they can capitalize on the
business.

According to Sam Farrar, president of satellite consulting firm Farrar & Associates, Orbcomm faces the
challenge of attracting enough customers fast enough with its data-only service -- a field that typically
takes a long time to mature.

ICO, which is not expected to begin offering service until the end of 2003, must raise more money in
order to construct and launch of all of its planned satellites.

Iridium has the best chance of survival. It currently has a two-year contract with the U.S. Department of
Defense (news - web sites) to supply service for $36 million a year to offset the $80 million a year it
spends on operating costs. Iridium`s Picasso said the contract has a three-year renewal option with room
for expansion.

[Micky_Maus]

Übernahmegerüchte machen die Runde:

LOR and LOR Takeover Targets?
The Wall Street Journal reports that Astrium of Europe has been in talks to make a purchase
They have even contactet lawyers to begin reviews about the possibillities of a cross border relationship
the two companies they are looking they are looking at are LOR and LMT

http://www.netcog.com/ArticleView.ASP?articleid=117674

[Micky_Maus]

Lehman Brothers mit sehr mutigem Kursziel 6$:
http://www.netcog.com/ArticleView.ASP?articleid=116283

Heute schließt LOR auf Tagestief.

[Gatsby2]

Kleiner Gag für morgen früh. Es gibt Leute, die behaupten, daß LOR mittlerweile weitgehend immun gegen Risiken aus der GSTRF-Geschichte sei. Wer diese Ansicht nicht teilt, sollte sich vielleicht vor 14:00 seine Gedanken machen...



Tuesday July 3 3:27 PM ET

Qualcomm Ends Globalstar Offer -
Sources

By Yukari Iwatani

CHICAGO (Reuters) - Qualcomm Inc. (NasdaqNM:QCOM - news)
withdrew its offer to become a lead investor in a restructuring plan to
save troubled satellite telephone company Globalstar L.P., leaving
Globalstar scrambling for another plan, sources close to the situation told
Reuters on Tuesday.

The sources also told Reuters that TE.SA.M, which provides 40 percent
of Globalstar`s business in terms of airtime spent, is trying to exit the
business and has frozen all spending related to Globalstar except salaries
and office rent.

The two decisions come at a difficult time for Globalstar, which has
previously warned that it may seek bankruptcy protection if it cannot
restructure. Globalstar will now have to devise an alternative
restructuring plan under greater time pressure.

Qualcomm declined to comment.

Globalstar spokesman Mac Jeffery told Reuters: ``Qualcomm remains a
partner of Globalstar. They also remain a supplier of technology to
Globalstar. They continue to work with us and all the partners on a
restructuring plan.``

Globalstar is the third satellite telephone company to encounter problems
along with Iridium, the pioneer of satellite-based telephone services, and
ICO Global.

Satellite telephone businesses have had problems with high operating
costs and lower-than-expected demand due to the quick spread and
plunging cost of ground-based wireless services. Bulky satellite phones
costing up to $3,000 cannot easily compete with smaller, cheaper cell
phones.

Shares of Qualcomm closed up $6 at $63.87, a rise of 10.37 percent, on
the Nasdaq. Shares of Globalstar Telecommunications Ltd.
(NasdaqSC:GSTRF - news), the publicly traded partner of Globalstar,
closed off 2 cents at 32 cents, a drop of 5.88 percent, on the Nasdaq.
Globalstar`s stock has underperformed the Nasdaq telecommunications
index (^IXUT - news) by more than 88 percent over the past year.

Wireless technology firm Qualcomm, one of Globalstar`s founders, had
been considering buying the satellite firm`s assets as part of a
restructuring plan discussed by Blackstone Group, Globalstar`s strategic
advisor.

Under the plan, which was introduced at a May 3 meeting of Globalstar
partners, Qualcomm and some other unnamed investors would have
stepped in with cash to keep Globalstar afloat if the company agreed to
file for Chapter 11 bankruptcy protection.

Qualcomm would have been the lead investor and Globalstar would have
reportedly received up to $500 million from the deal.

However, sources said Qualcomm`s due diligence team determined that
the potential costs were too high after about five weeks of investigation.

``They basically said this is going to be a lot more expensive than we
really thought, and because of that, we`re pulling this deal off of the
table,`` one source said.

Another source said Qualcomm might still be open to participating in a
restructuring plan in which it would play a lesser role.

Globalstar L.P. is a partnership formed in 1994 by satellite firm Loral
Space & Communications Ltd. (NYSE:LOR - news) and Qualcomm.
Loral owns about 38 percent of Globalstar L.P.

Globalstar Telecommunications Ltd., the public Globalstar entity, owns
more than 40 percent of the business. Qualcomm and several other
companies own the remainder.

At the end of 2000, the company had only $197 million in cash. In May, it
reported a first-quarter net loss applicable to ordinary partnership
interests of $145 million compared with a loss of $216 million a year ago.

To add to Globalstar`s woes, it is also losing the support of TE.SA.M, its
service provider in Western Europe, North Africa and South America.

TE.SA.M, a partnership between France Telecom (FTE.PA) and
Alcatel (CGEP.PA), was not immediately available for comment.

However, one industry source noted, ``When a player like TE.SA.M
takes that position, it will have a severe effect on Globalstar`s business.``

Globalstar`s Jeffery reiterated that TE.SA.M remained a partner of
Globalstar.

Separately, Qualcomm and Finnish cell phone giant Nokia (news - web
sites) (NOK1V.HE)(NYSE:NOK - news) said on Tuesday they
expanded the terms of a 1992 cross-licensing agreement to include
CDMA (news - web sites) wireless infrastructure technology.

The agreement, which previously included only CDMA cell phone
technology, has undergone a multimillion-dollar expansion, the companies
said.

[Gatsby2]

Friday July 13, 10:30 am Eastern Time

Press Release

Space Systems/Loral To Build Two New Satellites To Provide X-Band Satellite
Services To Governments

Loral and HISPASAT Form New X-Band Services Companies

NEW YORK--(BUSINESS WIRE)--July 13, 2001--Loral Space & Communications (NYSE: LOR - news) today announced
that Space Systems/Loral, the company`s satellite manufacturing and technology unit, will build two new satellites to provide leased
transponder and network communications services to the Spanish Ministry of Defense and government users in the United States,
Spain and other friendly nations.

Two new companies have been formed to provide leased satellite services: HISDESAT, S.A., which includes various Spanish
partner companies, notably HISPASAT, S.A., the existing Spanish commercial satellite communications company based in
Madrid; and XTAR, a satellite communications services company in which Loral will hold a 51% interest as managing partner with
the newly formed HISDESAT.

``Loral views X-band satellite communications services to governments as a new commercial application with substantial growth
potential,`` said Bernard L. Schwartz, chairman and CEO of Loral. ``XTAR plans to extend its service concept to other locations
around the world to meet a growing demand worldwide for a variety of satellite services. Loral`s XTAR venture with HISDESAT
complements its existing Loral Global Alliance portfolio of C- and Ku-band satellite services.``

``This project gives HISPASAT and the Spanish space industry the opportunity to enter into a new worldwide business involving
new technologies in the X and Ka-bands,`` said Jacinto Garcia Palacios, CEO of HISPASAT.

HISDESAT and XTAR have both executed ATPs (authorizations to proceed) to SS/L for the manufacture of two satellites.

For HISDESAT, SS/L will build SpainSat, which will primarily provide dedicated communications for the Spanish Ministry of
Defense. SpainSat will carry nine specially configured X-band transponders and a Ka-band payload and will operate from the
30(Degree) West longitude orbital position, providing coverage of Spain, Europe, Africa and the Americas.

SS/L will also build the XTAR-EUR satellite for XTAR, which will offer leased transponder services to government customers and
provide back-up service for the Spanish Ministry of Defense. The XTAR-EUR satellite will carry twelve wideband X-band
transponders and be located in either an Atlantic or Indian Ocean region orbital slot to be determined by XTAR. The satellite, in
conjunction with the SpainSat satellite, will extend the coverage area to include Eastern Europe and the Middle East. Loral Skynet
will provide telemetry, tracking and control (TT&C) services for XTAR from its existing ground stations.

XTAR is scheduled to enter service in 2003 and Spainsat in 2004.

Both satellites will be available to provide leased services to government users in the United States and Spain, as well as other friendly and allied nations within the
satellites` extensive coverage area. Both spacecraft are designed to meet the growing demands of government users and will be able to operate with existing and
planned communications infrastructure.

For XTAR, Loral and HISDESAT will provide initial financing of $55 million over the next two years. The remainder of required financing will be arranged by
XTAR.

HISPASAT is the leading commercial satellite communications provider in Spain and Portugal and is currently undertaking a large expansion in Central and South
America. The company has been providing X-band services to the Spanish Ministry of Defense since 1992 and with this new project HISDESAT (with their
partners, the leaders of the Spanish Space Industries - EADS-CASA, INDRA, ESPACIO, INSA, INTA, SENER) and XTAR, the service will be enhanced and
extended to new Ka-band governmental applications.

Space Systems/Loral is one of the world`s premier designers, manufacturers, and integrators of powerful geostationary (GEO) satellites and satellite systems. SS/L
also provides a range of related services, including mission control operations and procurement of launch services. Based in Palo Alto, California, SS/L has an
international base of commercial and governmental customers whose applications include broadcast video distribution, broadband digital communications,
direct-to-home broadcast, environmental monitoring, and air traffic control. SS/L is ISO 9001 certified. For more information, visit http://www.ssloral.com.

Loral Space & Communications is a high technology company that concentrates primarily on satellite manufacturing and satellite-based services, including broadcast
transponder leasing and value added services, domestic and international corporate data networks, broadband data transmission and content services and Internet
services. For more information, visit Loral`s web site at http://www.loral.com.

Editor`s Note: X-band refers to a range of radio frequencies from approximately 7 to 8 GHz, falling between C-band and Ku-band. X-band offers higher power and
better data rates than C-band and requires smaller dishes. X-band is also less susceptible to occasional rain fade than Ku-band. The U.S. and NATO use X-band
frequencies for military and other government uses.

Contact:

Loral Space & Communications
Jeanette Clonan, John McCarthy or Tony Doumlele
212/697-1105

[Gatsby2]

Wer sich länger mit Loral befaßt, wird sich vielleicht noch erinnern, daß das Unternehmen gegen Ende der Clinton-Administration wegen eines angeblichen Verstoßes gegen ein US-Embargo gegen China mit einem zweijährigen Exportverbot belegt wurde. Unter Bush bestehen gute Chancen einer vorzeitigen Aufhebung der Sanktion, was den Umsatzaussichten und damit der Aktie einen echten Kick geben könnte.



http://www.uschamber.org/Space/U%2eS%2e+Satellite+Technology…

U.S. Satellite Technology Export Control

Issue

U.S. industry has been severely impacted by the regulating of U.S.
commercial satellite technology as U.S. Munitions List (USML) items,
subject to State Department export control jurisdiction.

Analysis

The U.S. export control regime, particularly as it applies to USML
items, does not appear to be doing what it was intended – and set up
– to do: protect U.S. national security interests in the context of
defense trade activity. The primary reason is that the system and its
implementers have increasingly had to take on much more than
anyone could have expected – and this has seriously impaired
performance of their mission. One significant contributor to the
system overload is the transfer in 1999 of commercial communication
satellite technology to the State Department’s USML.

This action reversed a carefully managed transition to dual-use status
that was initiated and advanced by the former Bush Administration,
and completed by the Clinton Administration in 1996. Moreover, it was
part of a larger rationalization exercise to ensure a defense trade
regulatory regime that was focused on achieving its overarching
objective: protection of national security. The added burden of having
to treat commercial satellites as though they were weapons of war
has pushed a system – already stretched to the limit in carrying out
its defense trade regulatory charter – well beyond its intended
capacity. As the overload persists, the failure of the system to
accomplish its objectives deepens – and national security, good
government and industry competitiveness all suffer.

We must immediately return to the regime initiated by the former
Bush Administration by exercising transparency, predictability,
timeliness and recognition of the competitive challenges of an
increasingly global marketplace. Export regulations governing
commercial satellite technology deserve particular early attention by
the Bush Administration and Congress.

Demonstrated, in part, by plummeting U.S. market share over the
past 2 years, the net result of re-categorizing commercial satellite
technology as USML items – i.e., weapons of war, rather than
dual-use items – is a significant adverse impact on U.S. industry
competitiveness. Among the burdens to industry competitiveness are:

Many activities that did not require an export license under
Commerce jurisdiction, including those involving marketing,
now require a license, technical assistance agreements (TAA)
and, in certain cases, Department of Defense (DoD)
monitoring.
Additional export licenses, TAA’s and monitoring are now
required even for satellites sold to customers in countries that
are friendly allies.
Export license and TAA processes are not predictable, timely
or transparent, creating a major competitive disadvantage for
U.S. industry in a commercial marketplace where companies
are expected to respond promptly to customer requirements
and deliver products on time, or face significant financial
penalties and loss of business.
Satellites and related components are subject to
weapons-related sanctions imposed on foreign countries by the
U.S. Government. Although these sanctions generally do not
impact the sale of commercial telecommunications and
information technology products on the U.S. Commerce
Control List (CCL), they do block sales of all items on the
State Department’s USML.
Satellite technology exports valued at $50 million and above –
which covers just about all satellite-related sales – require
Congressional notification prior to State’s issuing a license.
This process, with its formal and informal timelines, can add
several months to the time required to receive an approved
license.

The jurisdictional transfer to State, when combined with the lack of
adequate personnel and financial resources at ODTC, has created an
overload of substantial proportion on the existing system. Many
ongoing activities, e.g., discussions with customer operations service
centers, internal discussions with foreign national employees, foreign
parts procurements and insurance briefings, require export licensing,
further taxing ODTC. Licensing delays for commercial manufacturers
and operators mean financial penalties, lost contracts, and ultimately
a declining share of the global satellite market for U.S. companies.

All of this is occurring against the backdrop of an international
marketplace that has changed dramatically since 1992, when the
export of communications satellites was last regulated by the State
Department:

Requests for Proposals (RFPs) from customers previously
required U.S. manufacturers to respond within 90 days. Today,
30-day response deadlines are not uncommon.
The global satellite industry has tripled in size, with an
increasing number of foreign satellite operators and
international consortiums attempting to capitalize on the
significant growth in demand for satellite services.
U.S. satellite manufacturers are becoming increasingly global
in their business operations due to lower international
regulatory barriers and the benefits of strategic partnerships.
Production cycle times for satellites have declined
dramatically, a scenario common to other high-tech industries.
Cycle time is a major competitive advantage for U.S.
companies that can be undermined by an export licensing
process that delays design review and delivery schedules.

The issue of U.S. satellite technology export control must be
addressed immediately if U.S. companies are to remain competitive in
this arena.

Recommendations

Transfer commercial communications satellites from the
USML to the Commerce Control List as soon as possible, with
appropriate procedural safeguards to address discrete national
security concerns.
Remove technically equivalent items from the USML that are
commercially available on the global international market from
NATO allies, Japan, or Australia to permit U.S. firms to
compete on an equal basis in the international satellite market.
Establish and maintain specific timelines for export control
processes that reasonably conform to customer expectations
and requirements in the global marketplace.
Extend license consolidation and expedited license approval
procedures implemented September 1, 2001 for NATO allies,
Japan, and Australia to major non-NATO allies and other
countries as appropriate, as soon as possible.
Establish and maintain adequate funding levels for all U.S.
Government export control functions to ensure that, among
other things, these functions can occur within timelines that
support commercial space industry needs.
Conclude international government-to-government agreements
that would allow for additional export control-related
exemptions as soon as possible.
Establish a process for reviewing and rationalizing
responsibilities of all U.S. Government entities performing
export control-related functions on a periodic basis.
Formulate and execute as soon as possible a comprehensive
approach to export control that will achieve the overarching
objective of safeguarding U.S. national security.
Implement the remaining policy changes defined in the June
2000 Defense Trade Security Initiative (DTSI) as soon as
possible.

[Gatsby2]

Monday July 23, 10:16 am Eastern Time

Press Release

GOES-M, Latest Loral-built Weather Satellite, Launched Today By NASA For NOAA

Fifth spacecraft in SS/L-built series features advanced Solar X-Ray Imager

NEW YORK--(BUSINESS WIRE)--July 23, 2001--GOES-M, the latest in a line of advanced U.S. weather satellites built for
NOAA and NASA by Space Systems/Loral, was successfully launched by NASA at 3:23 a.m. EDT this morning.

The satellite was sent into space aboard an Atlas IIA rocket from Launch Complex 36, Pad 36A at the Cape Canaveral Air Force
Station, Florida. Space Systems/Loral is a subsidiary of Loral Space & Communications (NYSE: LOR - news).

In the next several days, GOES-M (Geostationary Operational Environmental Satellite) will be moved to an on-orbit storage
location where it will be ready to take up the GOES mission of monitoring hurricanes, severe thunderstorms, flash floods and other
severe weather. GOES-M, which will later be renamed GOES-12, is the fifth of five similar satellites built for NOAA/NASA by
SS/L, the first launched in 1994. Launches are staggered to keep at least two operational satellites in orbit at all times.

``The GOES I through L series of spacecraft has proven themselves to be a large step forward in the our ability to predict severe
weather. We have appreciated the many contributions from Space Systems/Loral and look forward to its continued support,`` said
Martin Davis, NASA`s GOES Project Manager.

``The GOES weather satellites provide critical data to users such as The National Weather Service, the Department of Defense,
farmers, the air traffic control system, and all U.S. television stations,`` said John M. Klineberg, president of SS/L. ``We are proud
to have played a role in NOAA/NASA`s essential environmental monitoring mission for more than 25 years.``

``Our relationship began when SS/L developed the spin-stabilized Synchronous Meteorological Satellites that were first launched
in 1974 and were later replaced by the current series of GOES spacecraft,`` Klineberg added. In an SS/L reliability milestone,
GOES-8, the first of the current series, continues its uninterrupted operation now approaching seven years, almost 50% longer
than its five-year mission design life.

SS/L satellites, which have amassed more than 800 years of reliable on-orbit service, are designed to achieve long useful orbital life
using bi-propellant propulsion and momentum-bias systems for excellent station-keeping and orbital stability. A system of solar
arrays and batteries provides uninterrupted electrical power.

The on-board meteorological sensing instruments for GOES-M include the Imager and Sounder instruments manufactured by ITT
Industries, Aerospace Communications Division, developed under contract to SS/L. GOES-M is the first GOES spacecraft equipped with an advanced Solar
X-Ray Imager, which was provided by NASA. This instrument will capture full-disk X-Ray images of the Sun that will provide advanced warning for geomagnetic
storms that can negatively affect communications and electric power grids and may cause high-energy radiation that can endanger spacecraft and astronauts.

The United States operates two meteorological satellites in geostationary orbit 22,300 miles over the Equator, one over the East Coast and one over the West
Coast. GOES-10, launched in 1997, currently overlooks the West Coast and the Pacific Ocean including Hawaii from its position at 135 degrees West longitude.
GOES-8, launched in April 1994, provides coverage for the East Coast and out into the Atlantic Ocean and is stationed at 75 degrees West longitude. GOES-9 and
GOES-11 are in storage orbits near 105 degrees West longitude. GOES-M will be positioned in the same general area.

NOAA`s National Environmental Satellite, Data, and Information Service (NESDIS) operates the GOES series of satellites. After the satellites complete on-orbit
checkout, NOAA assumes responsibility for command and control, data receipt, and product generation and distribution. The GOES spacecraft are a critical
component of the ongoing National Weather Service modernization program, aiding forecasters in providing more precise and timely forecasts.

The Goddard Space Flight Center manages the design, development and launch of the spacecraft for NOAA, and NASA`s Kennedy Space Center in Florida is
responsible for government oversight of launch operations and countdown activities.

Space Systems/Loral is one of the world`s premier designers, manufacturers, and integrators of powerful geostationary (GEO) satellites and satellite systems. SS/L
also provides a range of related services, including mission control operations and procurement of launch services. Based in Palo Alto, California, SS/L has an
international base of commercial and governmental customers whose applications include broadcast video distribution, broadband digital communications,
direct-to-home broadcast, environmental monitoring, and air traffic control. SS/L is ISO 9001 certified. For more information, visit http://www.ssloral.com.

Loral Space & Communications is a high technology company that concentrates primarily on satellite manufacturing and satellite-based services, including broadcast
transponder leasing and value added services, domestic and international corporate data networks, broadband data transmission and content services and Internet
services. For more information, visit Loral`s web site at http://www.loral.com.

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. In addition, from time to time, Loral Space & Communications Ltd. or its representatives have made or may make
forward-looking statements, orally or in writing. Such forward-looking statements may be included in, but are not limited to, various filings made by the company with
the Securities and Exchange Commission, press releases or oral statements made with the approval of an authorized executive officer of the company. Actual results
could differ materially from those projected or suggested in any forward-looking statements as a result of a wide variety of factors and conditions. These factors and
conditions have been described in the section of the company`s annual report on Form 10-K for the fiscal year ended December 31, 2000, entitled ``Certain Factors
That May Affect Future Results,`` and the company`s other filings with the Securities and Exchange Commission. With regard to forward-looking statements
concerning Loral CyberStar, Inc. and its business, financial condition, results of operations and prospects, the factors and conditions which could materially affect
these statements are described in the section of Loral CyberStar`s annual report on Form 10-K for the fiscal year ended December 31, 2000, entitled ``Certain
Factors That May Affect Future Results.`` The reader is specifically referred to these documents regarding the factors and conditions that may affect future results.

Contact:

Loral Space & Communications
John McCarthy, 212/338-5345

[Gatsby2]

Ach, Micky, bevor ich es vergesse: So richtig gluecklich bin ich ueber den hohen Kurs von LMT eigentlich nicht. KGV von über 30 ist bei einer Rüstungsaktie kaum haltbar, und warum ich das hier poste, kannst Du Dir ja denken, gelle?!

Gruss

P.

[Micky_Maus]

Jaja, der Kurs läßt zu wünschen übrig. Hatte ja mal was von 5$ bis Jahresende gepostet, ob das noch was wird??

Trotz des heutigen Kursplus von 11% ist die Sache mit LMT bislang enttäuschend verlaufen.

[Gatsby2]

Micky,

erstmal vielen Dank für die nette Einladung gestern. Ich hoffe, dass Du gut heimgekommen bist. Aber bei dem Verkehrsmittel konnte ja eigentlich nichts schiefgehen... ;>)

Weil Du Dich ja nach den Gruenden fuer den heftigen Kursanstieg bei LOR erkundigtest, stelle ich Dir hier nochmal kurz eine kleine Zusammenfassung der neuesten Nachrichten rein. (leider auch wieder in English --- sorry!!)

;>)

News...Loral Space Up 14%; Company Hasn`t Issued News

NEW YORK -(Dow Jones)- Shares of Loral Space & Communications Ltd. (LOR)
continued to surge for the sixth straight day, rising as much as 16% Friday, despite an
apparent lack of news.
Tony Doumlele, senior director of investor relations of the New York-based satellite
services company wouldn`t comment on Friday`s stock activity, citing company policy.
He said the company hasn`t issued any news Friday that may be driving the rally.

Loral Space`s shares surged 9% on Monday after the company said its Loral CyberStar
unit signed an agreement with China Telecommunications Broadcast Satellite Corp. or
ChinaSat, to offer CyberStar`s services. Shares rose 42% on Tuesday and in the past
week, Loral Space`s shares have risen 77%.

ChinaSat will market CyberStar products to government agencies, national corporations
and multinational enterprises. ChinaSat will also become CyberStar`s in-country ground
services agent, working to secure necessary licensing authorizations, conducting site
surveys, procuring satellite capacity and installing and testing customer site equipment.
ChinaSat, which is state- owned, manages the telecommunications satellite business and
provides satellite telecommunications broadcast services in China.

On Tuesday, Loral Space`s Skynet unit signed an agreement with Pittsburgh
International telecommunications, a provider of ethnic and business programming, to
expand its direct-to-home and business platforms on Skynet`s Telstar 5 satellite.

And on Wednesday, XTAR, a joint venture of Loral Space and Hisdesat, named retired
General Miguel Valverde Gomez president for European and Latin American operations
of XTAR Services, XTAR`s sales and marketing unit in Madrid. Loral Space owns a
51% stake in the joint venture, Doumlele said.

Analysts covering Loral Space couldn`t immediately be reached for comment Friday.

Loral Space was hit by losses at satellite-telephone services concern Globalstar
Telecommunications Ltd. (GSTRF) in which Loral owns a 38% stake. GlobalStar
recently said it intends to file for Chapter 11 bankruptcy protection.

For the third quarter, Loral Space posted a loss of $52.3 million, or 19 cents a share on
revenue of $261.1 million.

Loral Space said Nov. 7 it continues to expect 2001 revenue of $1.1 billion and should
end the year with more than $120 million in cash and available credit after repayment of
$110 million in debt.

Doumlele said Friday the company hasn`t revised this guidance and wouldn`t comment
further on future projections.

New York Stock Exchange-listed Loral Space shares recently changed hands at $ 2.30,
up 24 cents, or 12%, on composite volume of 5.1 million shares, about three times the
average daily trading volume of 1.7 million shares.

Shares traded at a 52-week high of $6.34 in February; they fell to a year-low of $1.03
on April 6.

-Yun-Hee Kim, Dow Jones Newswires; 201-938-5388; [e-mail]

(This story was originally published by Dow Jones Newswires)

[Micky_Maus]

Hy Gatsby,

es hat noch alles gepasst am Sa. (Der BMW war beeindruckend. )

Zu Loral Space & Communications:Deine Erklärung begründet natürlich den Kursanstieg, die Aktie ist bei mir auf der Watchlist. Zu 2,65€ könnte ich sie jetzt kaufen, das ist mir jedoch zuviel. Die Märkte sind ohnehin reif für eine Korrektur, Loral sollte nochmal 10% zurückkommen.

Mal sehen, wann das Timing optimal ist.

[Gatsby2]

Re: Micky

Die Sache mit Lockheed wird wahrscheinlich nie mehr was werden, denn Lockheed hat letzte Woche ueberraschend angekuendigt, aus dem gesamten Geschaeftsbereich Global Telecommunications aussteigen zu wollen. Begruendung: Der Markt fuer derartige Leistungen habe sich nicht wie erwartet entwichkelt, so dass entsprechend hohe Ueberkapazitaeten bestuenden. Etwas leiser fuegte ein Sprecher des Ruestungsherstellers hinzu, man habe gewisse Schwierigkeiten in dem hochkommerziellen Segment mit flexibleren Wettbewerbern mitzuhalten.

Das sieht bei Loral ein wenig anders aus, die als einer eben dieser flexiblen Anbieter gelten. Trotzdem(?) gibt es auch Auftraege aus dem militaerischen Bereich, die in der gegenwaertigen Flaute sicherlich nicht unwillkommen sein duerften:

Wednesday December 12, 10:56 am Eastern Time

Press Release

SOURCE: Loral Space & Communications

Space Systems/Loral Receives Firm Orders for XTAR
EUR and SpainSat Satellites

Loral and Hisdesat X-band Companies to Provide Defense Satellite
Communications Services to the U.S., Spain and Allied Governments

NEW YORK--(BUSINESS WIRE)--Dec. 12, 2001-- Loral Space & Communications (NYSE:
LOR - news) today announced that Space Systems/Loral (SS/L) has finalized firm contracts
for the construction of two new X-band satellites.

XTAR EUR and SpainSat, to be operated by XTAR(TM) and Hisdesat respectively, will
provide leased satellite communication services to the U.S. Department of Defense and
affiliated agencies, the Spanish Ministry of Defense and other allied governments.

``The U.S. Government`s need for defense satellite communications, growing dramatically in the
past decade, has far exceeded its current capabilities,`` said Bill Wright, president of XTAR.
``We expect XTAR EUR and SpainSat to be the first satellites to answer the call of the U.S.
and other governments for additional secure bandwidth and we intend to grow this service into
a very successful X-band business.``

The XTAR EUR satellite, to begin service in 2003, will carry twelve wideband high-power
X-band transponders and operate from an Indian Ocean region orbital slot to be determined by
XTAR. XTAR EUR is designed to operate with existing and planned defense communications
terminals around the world.

SS/L will build a second satellite, SpainSat, for Hisdesat. SpainSat will operate thirteen specially
configured high-power transponders, twelve at X-band and one at Ka-band, from its 30 degrees
West longitude orbital position. SpainSat is expected to begin operations in 2004.

Hisdesat will lease five of SpainSat`s X-band transponders to the Spanish Ministry of Defense,
with the remaining eight X-band transponders to be leased by XTAR for defense customers in
the U.S. and other allied governments. Together, XTAR EUR and SpainSat are designed to
cover a vast geographic area, including the Americas, the Atlantic Ocean region, Western and
Eastern Europe, Africa and the Middle East.

``With the launch of the SpainSat and XTAR EUR satellites, Spain will enter a new era of
defense satellite communications capabilities, serving the growing bandwidth needs of the
Spanish Ministry of Defense, the United States, NATO and friendly countries. Hisdesat is
proud to be a partner with Loral in XTAR and we look forward to serving the long term needs
of Spain`s allies in defense communications,`` said Jose Maria Hoyos, chief executive officer of
Hisdesat.

Each spacecraft will provide 1000 MHz of bandwidth for use in defense networks. Both are
versions of SS/L`s space-proven 1300 satellite platform, which has an excellent record of
reliable operation. Both XTAR-EUR and SpainSat have a designed service life of 15 years and
will carry uniquely configured antennas onboard, providing a combination of fixed and steerable beams to maximize the satellite`s
flexibility. In all, SS/L satellites have amassed more than 850 years of on-orbit service.

With offices in Washington, D.C., XTAR is a new defense satellite communications company serving the U.S. and allied
governments` operations. The company is a joint venture between managing partner Loral and Hisdesat.

The recently formed Hisdesat, S.A., with offices in Madrid, includes Hispasat, S.A., the Spanish commercial satellite services
company, and the leaders of Spain`s space industries - EADS-CASA Espacio, INDRA, INSA and SENER. Hispasat has been
providing X-band services to the Spanish Ministry of Defense since 1992 and with this new project, Hisdesat will provide
enhanced capabilities, including Ka-band, for Spain`s defense applications.

Space Systems/Loral is a premier designer, manufacturer, and integrator of powerful satellites and satellite systems. SS/L also
provides a range of related services, including mission control operations and procurement of launch services. Based in Palo Alto,
California, the company has an international base of commercial and governmental customers whose applications include
broadband digital communications, wireless telephony, direct-to-home broadcast, defense communications, environmental
monitoring, and air traffic control. SS/L is ISO 9001 certified. For more information, visit http://www.ssloral.com.

Loral Space & Communications is a high technology company that concentrates primarily on satellite manufacturing and
satellite-based services, including broadcast transponder leasing and value added services, domestic and international corporate
data networks, broadband data transmission, content and Internet services. For more information, visit Loral`s web site at
http://www.loral.com.

Editor`s Note: X-band refers to a range of radio frequencies from approximately 7 to 8 GHz, falling between C-band and Ku-band.
X-band offers higher power and better data rates than C-band and requires smaller dishes. X-band is also less susceptible to
occasional rain fade than Ku-band. The U.S. and NATO use X-band frequencies for military and other government uses.

Contact:

Loral Space & Communications, New York
John McCarthy, 212/338-5345

http://biz.yahoo.com/bw/011212/122346_1.html

Vielleicht noch wichtiger, als dieser Auftrag ist die gegenwaertig laufende Umschuldung bei der Tochtergesellschaft Cyberstar. Sollte dies gelingen, so waere der Eroeffnung des Insolvenzverfahrens ueber Globalstar (NasdaqSC:GSTRF) zweite wichtige Schritt zur Konsolidierung der Finanzen der Loral Gruppe geschafft.

December 14, 2001

LORAL SPACE & COMMUNICATIONS LTD (LOR)

form 8-K

ITEM 5. OTHER EVENTS.

On November 23, 2001, Loral Space & Communications Ltd., a Bermuda corporation ("Loral Space"), announced that its wholly
owned subsidiary, Loral Cyberstar, Inc., a Delaware corporation ("Loral CyberStar"), commenced an exchange offer and consent
solicitation for approximately $927 million aggregate principal amount of its issued and outstanding 11 1/4% Senior Notes due 2007
(the "Senior Notes") and 12 1/2% Senior Discount Notes due 2007 (the "Senior Discount Notes").

The exchange offer and consent solicitation will expire at midnight, New York City time, on Thursday, December 20, 2001, unless
extended or terminated.

Under the terms of the offer, holders of the Senior Notes and Senior Discount Notes would receive in total up to $675 million
principal amount of new Loral CyberStar 10% Senior Notes due July 15, 2006 (the "New Notes"), which will be guaranteed by
Loral Space, together with five-year warrants to purchase up to approximately 6.7 million shares of Loral Space`s common stock
(less than two percent of outstanding Loral Space stock) at 110 percent of the market price of Loral Space stock calculated over
the ten consecutive trading days preceding the second trading day before the closing of the exchange offer. A copy of the form of
indenture related to the New Notes, the form of guarantee agreement between Loral Space and Bankers Trust Company, as
trustee, and the form of warrant agreement between Loral Space and The Bank of New York, as warrant agent, are included as
exhibits to this filing and are incorporated herein by reference.

For additional information about the exchange offer please contact the information agent, Morrow & Co., Inc., at the following
numbers: for banks & brokerage firms call: 800-654-2468, for U.S. noteholders call: 800-607-0088 and for international
noteholders call collect: 212-754-8000.

http://biz.yahoo.com/e/011214/lor.html

Es bleibt spannend.

[Gatsby2]

Auch in einem voellig platten Satellitenmarkt scheint es gelegentlich noch Auftraege zu geben. Loral duerfte damit derzeit der einzige Hersteller sein, der noch nicht-militaerische Auftraege an Land zu ziehen vermag.

Tuesday December 18, 1:44 pm Eastern Time

Press Release

SOURCE: Loral Space & Communications

Space Systems/Loral Receives Firm Order for Mobile Broadcasting Corporation`S MBSAT Satellite

Japanese Joint Venture to Offer Audio, Video, and Multimedia Data
Services to Mobile Communications Users

NEW YORK--(BUSINESS WIRE)--Dec. 18, 2001-- Space Systems/Loral (SS/L), a
subsidiary of Loral Space & Communications (NYSE: LOR - news), today announced that it
has finalized a contract with Mobile Broadcasting Corporation (MBC) of Japan for construction
of the MBSAT communications satellite.

MBSAT will deliver digital multimedia information services such as CD-quality audio, MPEG-4
video and data to mobile users throughout Japan. On-orbit delivery of the spacecraft is
scheduled for fourth quarter 2003 with service expected to begin in early 2004.

In 2001, SS/L has booked five new satellites, bringing its current backlog to $1.6 billion.

MBC`s services will be the first in the world to deliver high-quality music, video and data to
mobile users through various kinds of mobile receiver terminals, including those in cars, ships,
trains, handheld terminals, personal digital assistants (PDAs), cellular phones and home
portables. A very small antenna will be sufficient to receive MBC broadcasting signals even
inside office buildings and in vehicles moving at high speed. MBC will supplement its satellite
service with terrestrial signal repeaters.

``We are extremely proud that Mobile Broadcasting Corporation has selected SS/L to build its
newest state-of-the-art satellite, MBSAT,`` said C. Patrick DeWitt, president, Space
Systems/Loral. ``We value the confidence that MBC has in SS/L`s ability to deliver a reliable,
powerful and flexible spacecraft.``

The Satellite System

MBSAT will provide 2400 watts RF power over 25 MHz of S-band spectrum to run more than
50 channels of audio and video from 16 S-band transmitters operating at 120W. In addition, the
satellite will provide a 25 MHz Ku-band service link to transmit the broadcast signal to
terrestrial repeaters. The satellite will generate more than 7,400 watts of DC power
continuously throughout its 12-year life.

MBSAT`s S-band payload will deliver CD-quality audio and TV-quality video, in addition to
various types of data, using code division multiplexing (CDM) MPEG-4 for video, and advanced audio coding (AAC) for audio.
The system will be able to broadcast more than 50 programs simultaneously.

The new spacecraft will be a version of SS/L`s space-proven three-axis, body-stabilized 1300 bus, tailored to meet the specific
requirements of MBC which include a 12-meter antenna reflector deployed in orbit to transmit the MBC programming. SS/L`s
satellites are designed to achieve long useful orbital life through use of bipropellant propulsion and momentum-bias systems for
excellent station-keeping and orbital stability. A system of high-efficiency solar arrays and lightweight batteries provide
uninterrupted electrical power. SS/L satellites have amassed more than 850 years of reliable on-orbit service.

The Companies

Mobile Broadcasting Corporation was established to provide cars and mobile terminals with digital satellite broadcasting for audio,
video and data services throughout Japan. MBC`s new broadcasting system was authorized by the Japanese Government and
registered with the ITU. Already the system capabilities and high performance quality have been successfully verified in dense
urban locations by various field demonstrations in the Shinbashi and Ginza area of Tokyo. Dedicated first generation receiver LSI
chips have been evaluated through extensive tests. The second-generation receivers with high density LSI technology will be
available by mid-2002.

MBC`s major shareholders are Toshiba, Toyota, Fujitsu, Nippon TV and Panasonic. So far 42 Japanese companies are MBC
partners. New Japanese investors will be announced soon. Also, several foreign companies own significant interests in the MBC
business venture while several others are currently considering investment.

Space Systems/Loral is a premier designer, manufacturer, and integrator of powerful satellites and satellite systems. SS/L also
provides a range of related services, including mission control operations and procurement of launch services. Based in Palo Alto,
California, the company has an international base of commercial and governmental customers whose applications include
broadband digital communications, wireless telephony, direct-to-home broadcast, defense communications, environmental
monitoring, and air traffic control. SS/L is ISO 9001 certified. For more information, visit http://www.ssloral.com.

Loral Space & Communications is a high technology company that concentrates primarily on satellite manufacturing and
satellite-based services, including broadcast transponder leasing and value added services, domestic and international corporate
data networks, broadband data transmission, content and Internet services. For more information, visit Loral`s web site at
http://www.loral.com.

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, from time to time, Loral Space &
Communications Ltd. or its representatives have made or may make forward-looking statements, orally or in writing. Such
forward-looking statements may be included in, but are not limited to, various filings made by the company with the Securities and
Exchange Commission, press releases or oral statements made with the approval of an authorized executive officer of the
company. Actual results could differ materially from those projected or suggested in any forward-looking statements as a result of
a wide variety of factors and conditions. These factors and conditions have been described in the section of the company`s annual
report on Form 10-K for the fiscal year ended December 31, 2000, entitled ``Certain Factors That May Affect Future Results,``
and the company`s other filings with the Securities and Exchange Commission. The reader is specifically referred to these
documents regarding the factors and conditions that may affect future results.

Contact:

Loral Space & Communications
John McCarthy, 212/338-5345
or
Mobile Broadcasting Corporation
Masaaki Igarashi, [phone]

[Micky_Maus]

@Hy Gatsby !!

Lange nicht mehr gepostet worden zu Loral. Dabei habe ich die Aktie stets im Auge. Selten so`n volatiles Ding gesehen, 10-20% Tagesveränderung ist bei Loral nichts besonderes.

Übrigens, vorgestern konnte ich nicht widerstehen und habe mir die ersten Stücke ins Depot gelegt. Bei 2,20€ Einstiegskurs sollte ich gut dabei sein.

[nitrosyl]

Wie Micky_Maus, die mini orders sind von Dir gewesen,
ich lach ja!
Wenn man mit Aktien Geld verdienen will, und das kann man mit loral, dann braucht man MUT und viele AKTIEN!

Heute wird ein Fest: Evtl. Merger mit LMTs Sat-Gruppe

Grüße

[Grennhorn]

mahlzeit nitrosyl,

hast Du zu diesem Merger noch mehr Infos???

Bin schon lange in Loral investiert natürlich
mit einem dickem Minus.

besten Dank

mfg Grennhorn

[Micky_Maus]

@nitrosyl,

ich kann dich trösten: die heute in Frankfurt gehandelten 250 Stücke stammen net von mir. Mein Volumen war deutlich höher und zu 2,20€ bedient. Seitdem geht`s bergauf.

Außerdem sagt die Anzahl der Stücke gar nichts über die Intelligenz des Anlegers. Mit Loral kann man richtig fette Kohle verlieren, wie die Vergangenheit gezeigt hat.

Wie tief biste denn in den Miesen?? Trau dich ruhig. 100.000€ oder 200.000€ ??

Die Sache mit dem LMT-Merger ist`n alter Hut und im Sande verlaufen. Zuletzt gab`s mächtig Auftrieb wg. guter Geschäftsabschlüsse in Asien.

[Gatsby2]

Re: Micky

Schön, dass Du Dich jetzt auch entschlossen hast, Dir ein paar LOR in`s Depot zu legen.

Ich bin zwischendurch lieber `rausgegangen (war vielleicht keine gute Idee), und habe mir statt dessen ein paar GSTRF.OB zu $ 0,05 reingelegt (war eine sehr gute Idee)

Gruss

Gatsby

[Micky_Maus]

@Gatsby

Zum Zocken a`la Globalstar und Enron habe ich derzeit wirklich keine Kohle übrig.

Bin zuletzt bei SPOT rausgegangen und dafür in LOR. Läßt sich gut an.

Im Zuge der GSTRF-Pleite sowie undurchsichtiger Bilanzierungs-Praktiken bei WCOM ist LOR ja schön zurückgekommen-- von 3$ auf 2. Das war meine Chance.

Ob es doch noch zum Merger mit LMT kommt, wie heute vom CEO ins Spiel gebracht, bleibt abzuwarten.

Gruß Micky


PS: Hab mir übrigens auch AMSC ins Depot gelegt- bis jetzt mit mäßigem Erfolg.

[nitrosyl]

@micky

Nicht gleich aggressiv werden, micky....

Also ich hab bei der guten Lor einen einstandskurs von 1,4€... Ich persönlich kaufe nur nach Charttechnik, d.h. bei Lor seit Bestätigung des 2. Bodens, das war Anfang November, und habe dann den ganzen November in 1000-Blöcken akkumuliert, bin also ganz zufrieden...
D.h. die ca. 5 Jahre zuvor interessieren mich überhaupt nicht-also keine Verluste. Bernecker hatte übrigens lor in Ausgabe 05/01 empfohlen, aber der hat ja immer ein schlechtes Timing...
Im Februar 2002 war die weekly-Stochastik wieder unten, d.h. wieder akkumuliert, und die Stochastik läuft noch ne Weile (bis April/Mai)....

Orb hat sich übrigens auch gut entwickelt (dort war ich allerdings nicht investiert)

Bis denne

[nitrosyl]

@grennhorn

Schau doch mal im yahoo-messagebord zu lor nach, dort gibt´s infos aber auch ne Menge Geschwätz..
Auch auf www.loral.com nachschauen, z.B. die aktuelle Rede von schwartz


Grüße

[Gatsby2]

Wednesday June 5, 3:56 am Eastern Time

Reuters Business Report
Lockheed, Loral Mull Satellite Venture

NEW YORK (Reuters) - Lockheed Martin Corp. (NYSE:LMT - News) and Loral Space
& Communications (NYSE:LOR - News) are weighing a joint venture of their commercial
satellite operations better to compete with leader Boeing Co. (NYSE:BA - News), the Wall
Street Journal reported on its online edition Wednesday.

Citing industry officials, the Journal said Lockheed`s Chairman Vance Coffman and Loral`s Chairman Bernard Schwartz are
considering combining their businesses as ballooning expenses and rivals on the ground with cheaper ways to do business have
dented the space industry.

If the venture went through, the Journal said, it would create the No. 2 satellite maker that, though it would still be smaller than
Boeing, could offer lower prices and take on European challengers more aggressively.

Officials from both companies were not immediately available for comment.

Loral posted a narrower-than-expected first-quarter operating loss in May, helped by a 21 percent increase in revenue from its
primary business, satellite manufacturing.

Lockheed`s first-quarter net profit, reported in April, more than doubled, led by rising sales of its fighter jets and satellite
business.

[nitrosyl]

Ich sage nur 1000-Blöcke!!!

Grüße

[Micky_Maus]

2,5 Mrd $ Schulden und nur noch 100 Mio $ in Cash. Erfolgreiche Satelitenprogramme sind nicht alles. Die Frage ist, wie weit LOR noch fällt, bevor Lockheed einen Merger macht, 5$ je Share könnte man sich locker leisten. Ohne Lockheed als strategischen Partner kann Loral nicht überleben.

[Gatsby2]

Micky,

wie schön Dich mal wieder auftauchen zu sehen.

Loral und Lockheed stehen schon seit fast 1 1/2 Jahren in Verhandlungen, und haben dies auch jüngst erst wieder mal veröffentlicht. Aber trotz der Nachricht vom 05.Juni ist der Kurs von LOR weiter verfallen. Warum nur?

Wednesday June 5, 3:56 am Eastern Time

Reuters Business Report
Lockheed, Loral Mull Satellite Venture

NEW YORK (Reuters) - Lockheed Martin Corp. (NYSE:LMT - News) and Loral Space
& Communications (NYSE:LOR - News) are weighing a joint venture of their commercial
satellite operations better to compete with leader Boeing Co. (NYSE:BA - News), the Wall
Street Journal reported on its online edition Wednesday.

Citing industry officials, the Journal said Lockheed`s Chairman Vance Coffman and Loral`s Chairman Bernard Schwartz are
considering combining their businesses as ballooning expenses and rivals on the ground with cheaper ways to do business have
dented the space industry.

If the venture went through, the Journal said, it would create the No. 2 satellite maker that, though it would still be smaller than
Boeing, could offer lower prices and take on European challengers more aggressively.

Officials from both companies were not immediately available for comment.

Loral posted a narrower-than-expected first-quarter operating loss in May, helped by a 21 percent increase in revenue from its
primary business, satellite manufacturing.

Lockheed`s first-quarter net profit, reported in April, more than doubled, led by rising sales of its fighter jets and satellite
business.

[Micky_Maus]

Schlechte Zeiten nicht nur für Telcos:
Merrill Lynch stuft Loral Space + Communications auf "Reduzieren" von zuvor "Neutral". Man sehe in diesen schwierigen Zeiten keinen Grund, umbedingt die Aktie zu haben.

Vor Handelsbeginn verkündet Loral niedrigere Umsätze (~1,2 Mrd $) in 2002 als erwartet. Zudem wird nunmehr mit einem Verlust von 190 Mio $ (excl. Goodwill-Abschreibungen) gerechnet. Der Turn-Around soll erst gegen Ende 2003 erreicht werden.

aktuell 0,64 $
(-35%)

[Gatsby2]

@Micky

Jaja, die lieben Analysten. Obwohl eigentlich schon im letzten Sept./Okt. bekannt war, daß das Satellitengeschäft lausig läuft, haben die Damen und Herren -sehr zu meiner damaligen Verwunderung- noch im März verkündet, der Satellitenbranche ginge es bestens.

Wohl nicht, denn Merrill hat nicht nur LOR, sondern auch gleich noch SIRI geLyncht. Interessanterweise mögen sie DISH, aber vielleicht auch nur weil sie Vivendi nicht den Rest geben wollen.

Merrill downgrade ditches satellites

By Susan Lerner, CBS.MarketWatch.com
Last Update: 11:14 AM ET July 5, 2002





NEW YORK (CBS.MW) -- The satellite sector fell back to Earth Friday after Merrill Lynch said
its investment view on the industry had turned negative.

Analyst Marc Nabi slashed his
recommendations on Loral Space (LOR:
news, chart, profile) and Sirius Satellite
(SIRI: news, chart, profile) to
"intermediate-term reduce/sell, long-term
neutral" and the intermediate-term
ratings on Garmin (GRMN: news, chart,
profile) and XM Satellite (XMSR: news,
chart, profile) to "intermediate-term
neutral" following a volatile second
quarter in which he noted Merrill Lynch`s
satellite-communications index had
fallen 22 percent.

Following the comments, Sirius shares
dropped 10 percent to $3.24, XM
Satellite fell 4.5 percent to $5.94, Loral
lost 4.1 percent to 71 cents and Garmin
was lower by 0.4 percent at $20.17.

"While some of our downgrades come at
[a] time when many negative potential
outcomes are already reflected, we think
hanging one`s hat on historical valuation
spreads does not apply. Many of the
sector declines have been justified, as
business plans have either failed to
perform and liquidity issues surfaced,"
Nabi wrote in a research note.

Other declines, however, were less
warranted, he said, noting that it is more
important than ever to focus on
companies with solid business plans,
solid balance sheets and effective
management teams.

"Darwinism will likely persist as investors
focus on how well the business models
support debt loads and whether future
cash-flow growth is at risk from poor
operating leverage/market assumptions,"
he said. "Execution remains important."

Nabi suggested that investors
differentiate the problems experienced at
other sectors from the operating leverage
of the direct broadcast satellite (DBS)
platform. "On this basis, the validity of
the DBS operators` distinct economic
model and cash-flow-growth profile would
make relative valuation comparables less
relevant," he said.

For long-term investors Nabi said he
believes selective investment in market
leaders is a sound strategy in an
uncertain market, noting that such
leaders and self-funding operators
"should comfortably have ongoing access to capital."

Nabi`s top recommendation remains EchoStar Communications (DISH: news, chart, profile), which he
rates "intermediate-term, long-term strong buy," calling it the "one shining star in an otherwise dark
clouded sky."

While some of Nabi`s downgrades, such as that of XM Satellite, were primarily market driven, for
others, such as Sirius, there were company-specific concerns. "Given the current telecom/media
malaise, there is little appetite for risk and liquidity stories," he said.

XM Satellite, Nabi noted, needs additional capital before the first quarter of 2003, while Sirius has
gotten itself funded into the second quarter of that year by renegotiating its Lehman facility covenants
with lower cash-threshold requirements. "Given XM`s meaningful market lead in terms of every metric,
Sirius` incremental 90 days of cash is not meaningful in our view," he said.

For Loral, following its lowered outlook earlier this week, Nabi said he sees no compelling near-term
reasons to own the stock, given the company`s weary fundamental outlook on all fronts. See related
story.

Looking at Garmin, Nabi`s call was based solely on valuation after "a great run in a difficult market."

[Gatsby2]

Wednesday August 7, 11:22 am Eastern Time

Dow Jones Business News
Globalstar Creditor Panel To Investigate Launch
Contracts

WILMINGTON, Del. -(Dow Jones)- The committee of unsecured creditors in the
Globalstar L.P. case Wednesday won authority to examine documents from Loral Space & Communications Ltd. (LOR) and
affiliates and question Loral executives familiar with a contract involving satellites in the Globalstar system.

The order signed by Chief Judge Peter J. Walsh of the U.S. Bankruptcy Court in Wilmington also allows
Alcatel Space NA, an interested party in the case, to take part in the Rule 2004 examination. Under Rule 2004, the court may
order that a company be examined or produce documents that relate to its operations, its financial condition, or to the
administration of the bankruptcy case.

Loral/Qualcomm Satellite Services L.P. is the managing general partner of Globalstar L.P. Through a number of partnerships
and corporations, Loral Space & Communications controls Loral/Qualcomm and Globalstar L.P.

Globalstar L.P. is also a general partner of Globalstar Telecommunications Ltd. (GSTRF), which isn`t under bankruptcy
protection.

Under the terms of Judge Walsh`s order, Globalstar L.P.`s creditors` committee will examine documents relating to a failed
satellite launch.

Space Systems Loral Inc., a subsidiary of Loral Space & Communications, and Globalstar L.P. in 1994 signed a master launch
contract under which Space Systems Loral would design, construct, test and launch 56 satellites to be used in the Globalstar
system.

In 1995, Space Systems Loral and Yuzhnoye Design Office and PO Yuzhnoye Machine-Building Plant signed a contract under
which Space Systems Loral paid the two Yuzhnoye entities $76.97 million to launch 36 of the 56 satellites in three separate
launches. Each launch was to use a separate rocket to transport 12 satellites, court papers said.

The first launch, in September 1998, failed and Space Systems Loral terminated the contract and requested a $48.27 million
refund, the difference between the total paid to the Yuzhnoye entities and $28.5 million in recovered insurance proceeds.

Those three parties then became involved in arbitration, and arbitrators in December 2000 ruled in Space Systems Loral`s
favor and ordered the Yuzhnoye firms to pay roughly $54.5 million - the refund amount plus interest. After they didn`t pay that
amount, the U.S. District Court for the Southern District of New York last October confirmed the amount under the arbitration.

Yuzhnoye later paid Space Systems Loral a confidential amount, the committee`s motion said.

The committee said it wants Loral Space & Communications and its affiliates to produce documents about the master launch
contract, the Yuzhnoye contract, the arbitration, the confirmation, the confidential settlement and the insurance proceeds. The
committee will also question some Loral executives familiar with the matters.

The examination is the second authorized by the court in Globalstar L.P.`s Chapter 11 case. On June 21, Judge Walsh
authorized a Rule 2004 examination of Globalstar L.P. executives and documents related to the same contracts in an effort to
help Globalstar L.P. access its stake in the $54.5 million judgment. The committee was to take a lead role in that investigation
after Alcatel Space filed a motion for the exam.

Globalstar L.P., San Jose, operates a worldwide, low-Earth-orbit satellite- based digital telecommunications system. The
company filed for bankruptcy Feb. 15, listing assets of $573.4 million and liabilities of $3.34 billion in its Chapter 11 petition.

[Gatsby2]

Reuters Company News
Loral says to buy back preferred stock
Tuesday August 27, 5:47 pm ET

NEW YORK, Aug 27 (Reuters) - Satellite manufacturer Loral Space & Communications
(NYSE:LOR - News) on Tuesday said it will launch an exchange offer for all of its
outstanding preferred stock as a way to reduce debt and increase its financial flexibility.

New York-based Loral said it would offer $1.92 in cash and four
shares of common stock for each share of Series C and Series D
preferred stock.

Loral said the offer was worth $3.96 per preferred share in total, based on Tuesday`s
closing price of 51 cents for Loral`s common shares.

The company said there were 8.1 million shares of Series C stock and 3.4 million
shares of Series D stock outstanding at June 30. If all the preferred shares are
exchanged, Loral will issue a total $22 million in cash and 45.9 million common shares,
it said.

Loral said the offer is good until Sept. 25 and that it is contingent on at least 50 percent
of all the outstanding shares of the two preferred series taking part. Loral also said it
was suspending future dividend payments on the two preferred series of stock.

[Gatsby2]

Kleiner Nachtrag für`s Archiv:

Dow Jones Business News
Loral, Intelsat Launch Sixth Spacecraft In Series
Friday September 6, 11:38 am ET

PALO ALTO, Calif. -(Dow Jones)- Loral Space & Communications Ltd. delivered the sixth
satellite in the Intelsat IX series to Intelsat Ltd.

In a press release Friday, Loral said the companies launched the Intelsat 906 satellite from the
European Spaceport at Kourou, French Guiana, Friday morning.

The Intelsat 906 launch is part of a
nine-satellite campaign to replace and
to enhance system capacity by the end
of 2003.

The Intelsat 906, expected to be
operational this October, will offer
capacity for telephony, corporate
networks, Internet, video and hybrid
space/terrestrial systems to customers
on its 72 C-band and 22 Ku-band
transponders.

Intelsat 906 is the thirtieth satellite
Loral has delivered to Intelsat since
1980.

A Loral spokesman said the company
hasn`t disclosed any financial terms of the ongoing contract. He said each satellite takes about
two years to build.

The companies also expect to launch the next spacecraft in the series, Intelsat 907, in the first
quarter of 2003.

New York Stock Exchange-listed shares of Loral recently traded at 62 cents, up 8 cents, or
14.8%, on composite volume of 1.4 million shares. Average daily volume is 1.8 million shares.

Company Web site http://www.intelsat.com

NEW YORK -(Dow Jones)- The New York Stock Exchange said Friday it has halted trading in
the American depositary shares of Bouygues Offshore S.A. (BWG) until results of the
exchange offer by Saipem S.p.A are received.

In a press release Friday, the NYSE said the exchange offer will expire at 12 p.m. EDT Friday.

New York Stock Exchange-listed ADSs of French contractor Bouygues were halted at 11:30
a.m. EDT, last trading at $29.60, down 1 cent, on composite volume of 100 shares. Average
daily volume is 4,100 shares.

-Karen M. Lee; Dow Jones Newswires; 201-938-5400

[Gatsby2]

Press Release
Source: Loral Space & Communications


NYSE Approves Listing of Loral Common Stock
in Connection With Preferred Exchange
Exchange Also Advises Company of Stock Price Requirement
for Continued Listing
Tuesday September 10, 6:01 pm ET

NEW YORK--(BUSINESS WIRE)--Sept. 10, 2002--Loral Space & Communications
(NYSE: LOR - News) has been notified by the New York Stock Exchange that it has
approved for listing shares of Loral`s common stock to be issued in connection with the
company`s recently initiated preferred stock exchange offer.

As previously announced, Loral is offering to exchange $1.92 in cash and four shares
of Loral common stock for each share of its Series C and Series D preferred stock. If all
of the preferred shares participate, Loral will exchange $22 million in cash and 45.9
million common shares for preferred stock that has a liquidation preference of $574
million. The company is prevented from increasing the cash component of this
exchange because of provisions in its debt agreements. In addition, it is not permitted
to make further cash tender offers because the preferred dividends have been
suspended in connection with the exchange offering.

Separately, as disclosed in earlier filings, the Exchange advised Loral that its stock
price is below the Exchange`s price criteria for continued listing. Loral`s common stock
has closed below $1.00 per share for more than 30 consecutive trading days.

Loral management already has met with the New York Stock Exchange and has been
advised that, with the exception of its stock price, the company meets all Exchange
listing requirements. The company is actively exploring a number of alternatives that will
enable it to meet the price requirements. Under the Exchange`s rules, the company has
six months to correct the price condition or, if shareholder approval is needed for the
solution the company adopts, until its next annual meeting, to be held in late spring.

"We believe we have the capacity to comply with the Exchange`s stock price
requirement within the prescribed timeframe," said Bernard L. Schwartz, chairman and
chief executive officer of Loral. "We are gratified by the support and guidance provided
by the Exchange and are confident that this matter will be resolved successfully."

Loral Space & Communications is a high technology company that concentrates
primarily on satellite manufacturing and satellite-based services. For more information,
visit Loral`s web site at www.loral.com.

This document contains forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), provided,
however, that forward-looking statements made in connection with the exchange offer
for outstanding shares of Series C or Series D preferred stock, referred to above, do
not fall within the provisions of Section 27A of the Securities Act or Section 21E of the
Exchange Act. In addition, Loral Space & Communications Ltd. or its representatives
have made or may make forward-looking statements, orally or in writing which. may be
included in, but are not limited to, various filings made by the company with the
Securities and Exchange Commission, press releases or oral statements made with the
approval of an authorized executive officer of the company. Actual results could differ
materially from those projected or suggested in any forward-looking statements as a
result of a wide variety of factors and conditions which have been described in the
section of the company`s annual report on Form 10-K for the fiscal year ended
December 31, 2001, entitled "Certain Factors That May Affect Future Results," and the
company`s other filings with the Securities and Exchange Commission. The reader is
specifically referred to these documents.

[Gatsby2]

Press Release
Source: Loral Skynet


Loral Skynet and Hearst-Argyle Television
Begin Construction of a State-of-the-Art
Content Delivery Network
Thursday September 19, 8:07 am ET

BEDMINSTER, N.J.--(BUSINESS WIRE)--Sept. 19, 2002--Loral Skynet, a subsidiary of
Loral Space & Communications (NYSE:LOR - News), today announced the start of
construction of Hearst-Argyle Television`s (NYSE:HTV - News) master hub station in
Orlando, Florida, a further step in the long-term professional services agreement for
the creation of a content delivery and digital satellite newsgathering network for
Hearst-Argyle.

Loral Skynet has completed the planning and design of the initial network, and is
leading a multi-vendor project team to provide Hearst-Argyle with antennas, digital
video encoding equipment, facility management systems, and data channel equipment
to communicate with remote stations and manage content.

This network will support digital satellite news gathering (DSNG) operations, and
provide Hearst-Argyle with a platform for centralized content distribution to its group of
stations.

Completion of the delivery network -- including the hub in Orlando and four other
television stations: KCRA/KQCA Sacramento, California; WPBF West Palm Beach,
Florida; WCVB Boston, Massachusetts; and WGAL Lancaster, Pennsylvania -- is
expected by the first quarter 2003. Extending the network to other stations will follow.

Martin Faubell, vice president of engineering, Hearst-Argyle Television, said, "As a
leader in DSNG, Loral Skynet has provided us with an effective, independent platform
to support our stations` competitive drive for live news. In addition, this same platform
will support centralized content distribution of national spots and syndication across our
geographically diverse group of stations."

"With the creation of a customized network, Loral Skynet has given Hearst-Argyle a
comprehensive solution that will satisfy its special content management needs," said
Bob Czochanski, director, Skynet Professional Services. "Working closely with the
customer, we have planned and designed a network that serves the DSNG needs of
Hearst-Argyle today, and enables a smooth transition to centralcasting functionality in
the future."

Loral Skynet`s DSNG service provides Hearst-Argyle with full-time and occasional
transponder capacity on Telstar 6 and a team of operations professionals that
manages the service. Skynet also provides satellite access management for DSNG
operations from Skynet`s Hawley, Pennsylvania earth station.

The Orlando hub will receive and redistribute national spot advertising and syndication
programming for Hearst-Argyle stations. Developed jointly by Loral Skynet and
Hearst-Argyle, the hub will also provide other significant opportunities for efficient
content sharing and regionalization, and it will serve as a centralized facility for disaster
recovery.

Hearst-Argyle Television, Inc. owns 24 television stations, and manages an additional
three television and two radio stations, in geographically diverse U.S. markets. The
company`s television stations reach about 17.5% of U.S. TV households, making it one
of the two largest U.S. television station groups not primarily aligned with a single
network, as well as one of the seven largest television groups overall as measured by
audience delivered. For more information, visit Hearst-Argyle`s Web site at
http://www.hearstargyle.com.

Loral Skynet of Bedminster, New Jersey is a leading satellite communications services
provider that offers its customers a complete portfolio of satellite transponder,
networking and professional services from one source. Skynet operates one of the
world`s largest and fastest-growing fleets of telecommunications satellites, providing
high-volume communications and data transmission services to broadcasting, cable
TV, Internet and industrial companies around the world. Through its CyberStar unit`s
global IP multicast network and fiber assets, Skynet provides high-quality data, voice,
video and Internet backbone connectivity services to multinational enterprises and
service providers, including carriers and Internet service providers. Loral Skynet`s fleet
of seven satellites covers the globe and three more satellites are in the late stages of
construction. For more information on Loral Skynet, visit www.loralskynet.com.

Loral Space & Communications is a high technology company that concentrates
primarily on satellite-based services and satellite manufacturing, including broadcast
transponder leasing and value added services, domestic and international corporate
data networks, broadband data transmission and Internet services. For more
information, visit Loral`s Web site at http://www.loral.com.

This document contains forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. In addition, Loral Space & Communications Ltd. or its
representatives have made or may make forward-looking statements, orally or in writing
which may be included in, but are not limited to, various filings made by the company
with the Securities and Exchange Commission, press releases or oral statements made
with the approval of an authorized executive officer of the company. Actual results
could differ materially from those projected or suggested in any forward-looking
statements as a result of a wide variety of factors and conditions which are described in
the section of the company`s annual report on Form 10-K for the fiscal year ended
December 31, 2001, entitled "Certain Factors That May Affect Future Results," and the
company`s other filings with the Securities and Exchange Commission. The reader is
specifically referred to these documents.

[Gatsby2]

Reuters Market News
S&P cuts Loral Space & Communications
Thursday September 19, 4:01 pm ET

(The following statement was released by the rating agency)

NEW YORK, Sept 19 - Standard & Poor`s Ratings Services said today that it lowered its
senior unsecured debt rating on Loral Space & Communications Ltd. (NYSE:LOR -
News; Loral) to triple-`C`-minus from triple-`C`-plus and its senior unsecured debt rating
on the company`s wholly-owned subsidiary Loral Orion Inc. to triple-`C`-plus from
single-`B`. These downgrades were based on concern about Loral`s liquidity and weak
customer demand in the company`s satellite leasing and manufacturing businesses.

Standard & Poor`s also lowered its corporate credit rating on Loral to
double-`C` from single-`B` and its preferred stock rating on the
company to single-`C` from triple-`C`, and placed the ratings on CreditWatch with
negative implications. These rating actions follow the company`s commencement of an
offer to exchange cash and common stock for each share of its series C and series D
preferred stock.

Standard & Poor`s considers the completion of the exchange offer, which represents a
deep discount to the liquidation preference of the existing preferred stock, tantamount
to a default on the preferred stock issues. If the exchange is completed, the corporate
credit rating on Loral will be lowered to `SD`, and the preferred stock rating will be
lowered to `D`. Subsequent to completion of the exchange offer, assuming no further
unexpected developments, the corporate credit rating will likely be raised to
triple-`C`-plus, reflecting the company`s still heavy debt burden and weak business
conditions.

"Although successful completion of the exchange offer will improve Loral`s balance
sheet and modestly help cash flow by reducing dividend obligations, the offer could
consume up to $22 million in cash if all preferred stock is tendered. Loral`s liquidity will
remain strained, and the company still faces financially much stronger rivals in the
competitive satellite leasing and manufacturing businesses," Standard & Poor`s credit
analyst Eric Geil said.

Loral expects to have roughly $100 million in cash and borrowing availability at
year-end 2002, not accounting for cash used in the exchange offer, down from $180.7
million at June 30, 2002. Standard & Poor`s is concerned that the company could
exhaust its remaining liquidity in 2003 given the potential for continued industry
weakness.

Resolution of the CreditWatch listing will follow completion of the preferred stock
exchange offer. A complete list of the ratings is available to RatingsDirect subscribers
at http://www.ratingsdirect.com, as well as on Standard & Poor`s public Web site at
http://www.standardandpoors.com under Ratings Actions/Newly Released Ratings.

[Gatsby2]

Press Release
Source: Loral Space & Communications


Loral and APT Satellite Agree to Joint Ownership of APSTAR-V Satellite
Monday September 23, 8:18 am ET

NEW YORK--(BUSINESS WIRE)--Sept. 23, 2002--Loral Space & Communications
(NYSE: LOR - News) today announced that through its Loral Orion subsidiary it has
agreed with APT Satellite Company Limited, Hong Kong (APT), to participate on a
50-50 basis in the ownership of the APSTAR-V satellite scheduled to enter service in
the third quarter of 2003.

Loral`s capacity on the satellite will be designated Telstar 14.

Under manufacture by Space Systems/Loral, APSTAR-V is a high-powered C/Ku-band
hybrid satellite based on SS/L`s 1300 platform. The new spacecraft will operate a total
of 54 transponders, 38 C-band and 16 Ku-band at 138 degrees East longitude.
APSTAR-V will provide Ku-band voice, video and data services to China, India and East
Asia, and broadbeam C-band services throughout the Asia-Pacific region, including
Australia and Hawaii. The new satellite also will be used to carry entertainment and
multimedia services for the main cities of Asia to and from the U.S. through Hawaii.

The purchase price of $115 million, representing half of the total cost of the satellite in
orbit, for Loral`s 50% interest in the satellite (19 C-band and 8 Ku-band transponders)
will be paid in increments through 2008. $57.5 million will be paid prior to launch and
funded primarily from the liquidation of existing launch deposits, as well as cash on
hand. The second $57.5 million will be paid in increments ramping from $10 million to
$17 million annually beginning in the fourth quarter of 2005.

This payment schedule is designed to coincide with the anticipated utilization on the
satellite. Further, this transaction does not change Loral`s projected cash and capital
expenditure plans through 2004.

To ensure a timely launch of APSTAR-V in 2003, Loral and APT have agreed that, if a
U.S. license to launch the satellite on board a Chinese Long March rocket has not been
secured by September 30, 2002, a Western launch provider will be used.

"This is a low-risk opportunity for Loral to add attractive capacity over time, at very
favorable terms," said Bernard L. Schwartz, chairman and chief executive officer of
Loral. "With no change to our funding requirements, we are increasing our revenue
potential earlier than expected. From an operating perspective, the addition of Telstar
14 to Loral`s fleet supplements our existing capacity over Asia, where we currently have
one satellite, Telstar 10, operating at a capacity utilization rate in excess of 75 percent.
Telstar 14`s wide coverage area is well suited to broadcast, broadband and
government opportunities from India to China to the U.S. via Hawaii - all markets we`ve
identified as having high growth potential."

APT Satellite Company Ltd. is a major international satellite operator in Asia, and is
owned by a consortium of Asian companies in Mainland China, Taiwan, Thailand, and
Singapore. It provides high quality satellite transponder and telecommunications
services for international and Asia-Pacific broadcasting and communications
organizations.

Loral Space & Communications is a high technology company that concentrates
primarily on satellite manufacturing and satellite-based services. For more information,
visit Loral`s web site at http://www.loral.com.

This document contains forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), provided,
however, that forward-looking statements made in connection with the current
exchange offer for outstanding shares of Series C or Series D preferred stock do not
fall within the provisions of Section 27A of the Securities Act or Section 21E of the
Exchange Act. In addition, Loral Space & Communications Ltd. or its representatives
have made or may make forward-looking statements, orally or in writing which may be
included in, but are not limited to, various filings made by the company with the
Securities and Exchange Commission, press releases or oral statements made with the
approval of an authorized executive officer of the company. Actual results could differ
materially from those projected or suggested in any forward-looking statements as a
result of a wide variety of factors and conditions which have been described in the
section of the company`s annual report on Form 10-K for the fiscal year ended
December 31, 2001, entitled "Certain Factors That May Affect Future Results," and the
company`s other filings with the Securities and Exchange Commission. The reader is
specifically referred to these documents.

[Micky_Maus]

Good news für Loral!! Gut für 10%, oder..

Man wird sehen, ob der Reserve-Split vermeidbar wird.
Loral auf dem Niveau ist ein Schnäppchen, allerdings die 2,1 Mrd. $ Schulden ein schwerer Brocken!

Wer kann sich das leisten?? Mir fallen nur 2 ein...

So long!

[Gatsby2]

Micky, ich habe ja aus verschiedenen Gründen auch wieder ein Auge auf das Papier geworfen, aber die Ratingagenturen scheinen in letzter Zeit alles zu verabscheuen, was auch nur im entferntesten mit Loral zu tun hat:

Reuters Market News
S&P cuts Satelites Mexicanos corp credit ratings
Monday September 23, 1:39 pm ET

(The following statement was released by the rating agency)

NEW YORK, Sept 23 - Standard & Poor`s Ratings Services said today it lowered its
local and foreign currency corporate credit ratings on Mexican satellite services
company, Satelites Mexicanos S.A. de C.V. (Satmex) to triple-`C`-plus from single-`B`.
The outlook is negative.

This rating action follows the downgrade of parent company, Loral
Space & Communications Ltd. (NYSE:LOR - News; Loral, CC/Watch
Neg/--) and concern about Satmex`s financial profile because of its high debt levels
coupled with declining revenues and cash flows due to market uncertainties in the
industry. (For more information on Loral`s rating action, please see separate press
release.)

"The negative outlook reflects concerns about Satmex`s financial flexibility and the
challenging business environment that the company faces. The refinancing of Satmex
6`s cost is key to the company`s overall strategy of improving its financial profile.
Additionally, the renewal of Solidaridad 2 satellite insurance in November 2002 adds to
a challenging future for Satmex`s financial obligations, unless an economic turnaround
comes quickly in the form of new demand and clients," stated Standard & Poor`s credit
analyst Patricia Calvo.

Satmex is an important asset for Loral, which owns a 50% economic and 49% voting
interest in the company. Due to Loral`s tight liquidity, it may now not be able to support
Satmex in the way it did previously. Satmex`s debt totals US$543 million.

Satmex`s revenues decreased by a third during the first half of 2002 when compared to
the same period of 2001, while its EBITDA coverage of interest decreased to 1.2 times
(x) from 1.6x. EBITDA margin decreased to 56.1% as of June 2002, from 66.1% a year
earlier. Satmex`s geographic coverage (or footprint) includes the continental U.S., the
Caribbean, and all Latin America except for certain regions of Brazil.

Standard & Poor`s expects that upon the launch of Satmex 6 GEO satellite, the
company will improve the revenue growth potential of its footprint. Satmex`s
fixed-satellite services were expected to benefit from Internet-related signals
transmissions, however the future of this evolving market is now uncertain and less
promissory. Satmex is now focusing on the video demand and corporate network
markets that are more stable.

Satmex collected the insurance proceeds from the loss of the Solidaridad 1 satellite in
January 2001, proceeds that are reserved to fund the construction of the powerful
Satmex 6 GEO satellite, scheduled to be launched in the first quarter of 2003, and to
fund the company`s floating-rate notes` (FRNs) interest payments. As part of the
insurance proceeds, Satmex had US$20.9 million as of June 2002 reserved on an
escrow account for the payment of the approximately US$16 million annual interests
from its FRNs, providing for roughly 16 months of interest service.

Interest on Satmex`s high-yield bonds (US$32.4 million annually) plus US$1 million on
the FRNs` repayment, will have to be paid through a combination of Satmex`s
approximately US$27.3 million disposable cash reserve as of June 30, 2002, US$15.8
million revolving credit line, and approximately US$13 million quarterly EBITDA (US$24
million reported for the first half of 2002). Standard & Poor`s is concerned that the
company could exhaust its remaining liquidity in 2003 given the potential for continued
industry weakness. A complete list of the ratings is available to RatingsDirect
subscribers at http://www.ratingsdirect.com, as well as on Standard & Poor`s public Web site
at http://www.standardandpoors.com under Ratings Actions/Newly Released Ratings.

[Micky_Maus]

Ja, Gatsby, ich hab`s gelesen. Das Rating ist nicht förderlich.

Der Markt ist derzeit irre. Alles, was noch Verluste schreibt, wird rausgehauen. Die Umsätze in LOR sind auch nicht mehr das, was sie mal waren. Das sagt schon alles über den Zustand.

Hab mir schon bei Internap die Finger verbrannt, die krebsen nun auch im 2stelligen Cent-Bereich herum.

Dabei sind die 2,1 Mrd $ Schulden von Loral gar nicht das Problem. Selbst SPOT und LMT haben mehr auf der Long-Term-Debt- Seite.

Bald wird Loral ein Brief von der Börsenaufsicht ins Haus flattern, ein Reserve-Split wird unvermeidbar. Spätestens dann werde ich nochmal reingehen.

[Gatsby2]

Dow Jones Business News
]b]Loral Improves Preferred Stock Exchange Offer[/b]
Wednesday September 25, 9:50 am ET

NEW YORK -(Dow Jones)- Loral Space & Communications Ltd. increased the share
component of its offer to exchange cash and common shares for outstanding preferred
stock.

The company also extended the offer by a week to Oct 8.

Loral is now offering $1.92 in cash
and 6.54 common shares for each
Series C and Series D preferred
share. It also removed its condition
for 50% minimum participation of all
outstanding shares of both series.

Loral began the offer, part of the
company`s debt reduction program,
in late August offering $1.92 in cash
and four common shares for each
preferred share and was set to end it
at midnight EDT Wednesday.

As of June 30, there were about 8.1
million Series C preferred shares
outstanding and about 3.4 million
Series D preferred shares
outstanding. As of Sept. 24, 286,440 Series C preferred shares and 1.1 million Series
D preferred shares were tendered.

The company doesn`t expect to sweeten its offer further, because the terms of Loral`s
bond indenture prevent it from increasing the cash in the offer and New York Stock
Exchange rules require shareholder approval for the company to issue more shares.

In a press release Tuesday, the company said that if all of the preferred shares
participate, Loral will exchange $22 million in cash and 75.1 million common shares for
preferred stock that has a liquidation preference of $574 million.

The company`s New York Stock Exchange-listed shares closed flat Tuesday at 33
cents.

=====================

Press Release
Source: Loral Space & Communications


Space Systems/Loral Selected to Compete for
$6 Billion U.S. Navy Communications System
as Member of Raytheon Team
Initial Component Advanced Development Phase Contracts
For the Mobile User Objective System (MUOS) Awarded to
Loral/Raytheon Team
Tuesday September 24, 4:24 pm ET

NEW YORK--(BUSINESS WIRE)--Sept. 24, 2002-- Loral Space & Communications
(NYSE:LOR - News) today announced that the United States Navy`s Space and Naval
Warfare Systems Command (SPAWAR) has awarded a Space Systems/Loral (SS/L)
team, led by Raytheon (NYSE:RTN - News), a $40 million Component Advanced
Development (CAD) contract to develop the U.S. Navy`s $6 billion, next-generation,
satellite-based mobile communications system, the Mobile User Objective System
(MUOS).

CAD is a 14-month effort aimed at
reducing risk and advancing system
design concepts that stem from
MUOS` recently completed
1999-to-2002 Concept Exploration
Phase (CEP). SPAWAR tapped the
Raytheon-SS/L team for CAD based
on the team`s performance during
the earlier CEP program. The latest
award reflects SPAWAR`s selection
of two teams, which will work in
parallel until 2004, when one team
will be selected to lead future MUOS
efforts.

SS/L is part of a Raytheon-led team
that also includes TRW Astro
Aerospace and Honeywell. The two
teams have been funded by
SPAWAR to compete for a System
Design and Development contract to be awarded in January 2004, for construction of
the first MUOS satellite, which will be launched in 2008. Subsequently, the MUOS
Program Production and Deployment contract will be awarded in mid-2006 and
continue through 2023.

As part of the newly awarded development program, SS/L will be adapting its highly
successful commercial 1300 spacecraft platform for the MUOS narrowband tactical
communications system.

"The combination of SS/L`s heritage satellite bus with the payload technology and
expertise of our team members provides our government with cost-effective
improvements in its satellite communications systems," said C. Patrick DeWitt, president
of SS/L. "MUOS will ensure its users an uninterrupted communications link, without
concern for the location, weather or local geography."

MUOS

MUOS will be a narrowband satellite communication (SATCOM) system that supports a
worldwide, multi-service/multi-national population of mobile and fixed-site warfighter
terminals. Its capabilities will provide a considerable increase in throughput over the
current Ultra High Frequency (UHF) Follow-on (UFO) narrowband satellite
communications system. It will also provide greater flexibility through improved link
performance for users such as Navy SEALS and other special forces to operate in
difficult environments.

SS/L Satellites

SS/L`s MUOS design is based on the company`s space-proven 1300 geostationary
satellite platform, which has an excellent record of reliable operation and is highly
adaptable to a wide variety of payloads. Over the past 45 years, SS/L satellites have
amassed well over 900 years of on-orbit service.

About Raytheon

With headquarters in Lexington, Mass., Raytheon Company (NYSE:RTN - News) is a
global technology leader in defense, government and commercial electronics, and
business and special mission aircraft.

About Space Systems/Loral

Space Systems/Loral is a premier designer, manufacturer, and integrator of powerful
satellites and satellite systems. SS/L also provides a range of related services,
including mission control operations and procurement of launch services. Based in Palo
Alto, California, the company has an international base of commercial and
governmental customers whose applications include broadband digital communications,
wireless telephony, direct-to-home broadcast, defense communications, environmental
monitoring, and air traffic control. SS/L is ISO 9001 certified. For more information, visit
http://www.ssloral.com.

Loral Space & Communications is a high technology company that concentrates
primarily on satellite manufacturing and satellite-based services, including broadcast
transponder leasing and value added services, domestic and international corporate
data networks, broadband data transmission, content and Internet services. For more
information, visit Loral`s web site at http://www.loral.com.

This document contains forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. In addition, Loral Space & Communications Ltd. or its
representatives have made or may make forward-looking statements, orally or in writing
which may be included in, but are not limited to, various filings made by the company
with the Securities and Exchange Commission, press releases or oral statements made
with the approval of an authorized executive officer of the company. Actual results
could differ materially from those projected or suggested in any forward-looking
statements as a result of a wide variety of factors and conditions which are described in
the section of the company`s annual report on Form 10-K for the fiscal year ended
December 31, 2001, entitled "Certain Factors That May Affect Future Results," and the
company`s other filings with the Securities and Exchange Commission. The reader is
specifically referred to these documents.

[Gatsby2]

Dow Jones Business News
Court Reschedules Globalstar LP`s Disclosure Stmt Hearing
Thursday September 26, 12:33 pm ET

WILMINGTON, Del. -(Dow Jones)- A bankruptcy court Thursday rescheduled a hearing
to consider approval of Globalstar L.P.`s disclosure statement to give the company time
to deal with objections to the document.

Chief Judge Peter J. Walsh of the
U.S. Bankruptcy Court in Wilmington
will consider the matter Oct. 24 at 11
a.m. The hearing was originally
slated for July.

Objections to the adequacy of the
debtor`s disclosure statement have
been filed by the office of the U.S.
Trustee, a plaintiff in a class-action
lawsuit, and the Clifton Independent
School District.

The proposed reorganization plan
would give noteholders and other
general unsecured creditors 97% of
the reorganized company`s common
stock, subject to dilution when
shares are issued to independent satellite gateway operators and management,
according to court documents.

Loral Space & Communications Ltd. would receive the remaining 3% of reorganized
Globalstar`s equity, subject to dilution, in exchange for its 49.9% stake each in
Globalstar Canada Satellite Co. and ATSS/Loral Netherlands BV, according to the
disclosure statement that Globalstar filed May 23 along with the plan.

Independent gateway operators would receive options to buy up to 5% of the new
common stock, before taking into account shares issued to the reorganized
Globalstar`s management, which could receive up to 10% of the new equity.

Globalstar is a general partner of Globalstar Telecommunications Ltd. (GSTRF) , which
is not under bankruptcy protection.

The U.S. Trustee`s office objects to the disclosure statement on the basis that it doesn`t
provide adequate information. A disclosure statement should explain the plan and
expose the plan`s provisions, "not merely repeat them," according to the objection.
Globalstar`s disclosure statement "does not provide information that would enable a
reasonable hypothetical investor" to make an informed judgment about the company`s
proposed plan, the filing said.

Joe F. Moore is the plaintiff in a class-action lawsuit filed against Loral and certain of its
directors. The suit alleges the defendants violated federal securities laws by
misrepresenting or failing to disclose the true financial condition of Globalstar.

In his objection, Moore said the disclosure statement is inadequate because " it is
unclear as to whether the debtor is attempting to release third-party claims against
defendants" and, if it is attempting to provide a release, "it provides no basis for such a
release."

Globalstar L.P., San Jose, which operates a worldwide, low-Earth orbit satellite-based
digital telecommunications system, filed for bankruptcy Feb. 15. The company listed
assets of $573.4 million and liabilities of $3.34 billion in its Chapter 11 petition.

[Gatsby2]

Press Release
Source: Loral Skynet


Loral Skynet Reaches Agreement With The
SPACECONNECTION, Inc. for the Delivery of
Syndicated Television Programming
Thursday September 26, 2:27 pm ET

BEDMINSTER, N.J.--(BUSINESS WIRE)--Sept. 26, 2002--Loral Skynet, a subsidiary of
Loral Space & Communications (NYSE:LOR - News), today announced an agreement
with The SPACECONNECTION, Inc., a leading provider of satellite transmission
services, to provide additional C-band capacity on Skynet`s Telstar 5 and Telstar 6
satellites.

Beginning this fall, The
SPACECONNECTION will use this
capacity for distributing a new
season of syndicated television
programming that will appear on
network affiliates and independent
television stations across the
country.

"For years, The
SPACECONNECTION and Loral
Skynet have worked together
delivering syndicated television
programming in the United States,"
said Terry Hart, president, Loral
Skynet. "Skynet`s traditionally strong
broadcast and syndication
neighborhoods on Telstar 5 and 6,
which include major broadcasters like CBS and FOX, make it simple for key media
outlets to receive programming from distributors like The SPACECONNECTION."

The SPACECONNECTION has seen a continual increase in its syndication services
over the past several years and according to Robert M. Patterson, president and
C.E.O., "This year will be SPACECONNECTION`s best season ever for delivering
programming to television stations around the world." Mr. Patterson continued that,
"Loral Skynet`s broadcast neighborhood offers SPACECONNECTION excellent
coverage for our tens of thousands of programmable hours of entertainment, news,
sports and syndication services annually. "

The SPACECONNECTION will use capacity on Loral Skynet`s Telstar 5 satellite, located
at 97 degrees West longitude, and Telstar 6 satellite, located at 93 degrees West
longitude. Both satellites carry a total of 52 transponders - 24 at C-band and 28 at
Ku-band - and provide coverage of the continental United States, Hawaii, Alaska,
Puerto Rico and the U. S. Virgin Islands. Telstar 5 and 6 host a variety of broadcast
video, data, business television, Internet, DTH, and digital data applications.

Loral Skynet of Bedminster, New Jersey is a leading satellite communications services
provider that offers its customers a complete portfolio of satellite transponder,
networking and professional services from one source. Skynet operates one of the
world`s largest and fastest-growing fleets of telecommunications satellites, providing
high-volume communications and data transmission services to broadcasting, cable
TV, Internet and industrial companies around the world. Through its CyberStar unit`s
global IP multicast network and fiber assets, Skynet provides high-quality data, voice,
video and Internet backbone connectivity services to multinational enterprises and
service providers, including carriers and Internet service providers. The Telstar fleet of
seven satellites covers the globe and will expand with the launch of four more satellites
that are currently under construction. For more information on Loral Skynet and the
Telstar fleet, visit http://www.loralskynet.com.

The SPACECONNECTION, Inc. provides transmission services for events such as: The
Super Bowl, World Series, Winter and Summer Olympics, World Cup Soccer Matches,
Space Shuttle Launches, in addition to tens of thousands of other events arranged
each year. Its clients include the major television networks (i.e., ABC, CBS, FOX, NBC,
PBS); cable programmers (e.g., CNN, HBO, MTV); plus services the educational,
religious, government, business and entertainment industries. For more information
visit their Web site at: http://www.thespaceconnection.com.

Loral Space & Communications is a high technology company that concentrates
primarily on satellite-based services and satellite manufacturing, including broadcast
transponder leasing and value added services, domestic and international corporate
data networks, broadband data transmission and Internet services. For more
information, visit Loral`s Web site at http://www.loral.com.

This document contains forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. In addition, Loral Space & Communications Ltd. or its
representatives have made or may make forward-looking statements, orally or in writing
which may be included in, but are not limited to, various filings made by the company
with the Securities and Exchange Commission, press releases or oral statements made
with the approval of an authorized executive officer of the company. Actual results
could differ materially from those projected or suggested in any forward-looking
statements as a result of a wide variety of factors and conditions which are described in
the section of the company`s annual report on Form 10-K for the fiscal year ended
December 31, 2001, entitled "Certain Factors That May Affect Future Results," and the
company`s other filings with the Securities and Exchange Commission. The reader is
specifically referred to these documents.

[Gatsby2]

Aus der Kategorie "Hintergrundberichte":

COVER STORY
Satellites: Premiere Property For Cable Distributors
Theresa Foley

Several satellites have emerged as the best in the
business for serving cable systems after years of
development, and have aggregated attractive
neighborhoods of top programmers. They include SES
Americom’s AMC 3 and AMC 4 over North America, SES
Astra’s fleet over Europe, Eutelsat’s Hot Birds and
Eurobird over Europe, several Panamsat satellites over
the Americas, and Asiasat and Apstar 2R in Asia.

A second tier of highly desirable neighborhoods also is
being developed in other locations, such as the two SES
Americom satellites in the "Cable 2" neighborhood over
North America, Loral Skynet’s Telstar 5 over North
America, and spacecraft owned by Arabsat, Eurasiasat,
Hispasat and Intelsat over the Middle East and Latin
America.

"Satellite Economics 101 tells you the thing that makes
these locations premiere is the neighborhood of
programmers on the satellite. The value of the satellite is
determined by who their anchor tenants are," says Bob
Zitter, HBO senior vice president of technical operations.
HBO has become one of the most sought after anchor
tenants in the world for cable satellites, and thus the
entertainment network has been able to strike particularly
good deals as operators try to land a great anchor tenant
as bait for other broadcasters and programmers.

In North America, the major cable programmers have
either followed the HBO/Turner family onto the Panamsat
satellites or the Viacom family onto the old GE fleet, now
owned by SES, Zitter says.

In Latin America, ESPN, Disney and others have joined
HBO and Cinemax on Panamsat satellites with their
continent-wide coverage. The partners occupy five
transponders spread across two satellites—PAS 5 and
PAS 9.

In Asia, HBO uses Loral’s Telstar capacity on the Apstar
2R satellite that also carries Sony, Hong Kong’s TVB,
Disney and Chinese language programming.

In Europe, HBO’s distribution is now limited to certain
markets but is growing. It uses capacity on the Israeli
Amos 1 satellite, and will expand in Europe next year on
Amos 2 in a partnership with Sony and Disney that will
provide strong anchor tenants for Amos’ recently
established neighborhood.

The most important points in selecting a satellite are
whether its coverage area matches the broadcaster’s
needs, and then technical aspects, Zitter says. "For
example, we don’t like a satellite with U.S. programming
to have a large footprint over Latin America or Asian
satellites to cover Africa because of piracy problems,"
Zitter says. "Another thing we rank extremely high on our
wish list is protection, whether it’s on the satellite we’re
going to be using or with other satellites."

In HBO’s case, the last consideration is price, he says.
"We know that because of the value we bring to a satellite
operator we will often get a good price."

TWO NEIGHBORHOODS, WITH TWO ON THE WAY

SES Americom’s U.S. cable customers are concentrated
in two neighborhoods over North America. Each
neighborhood has two slots and two dedicated
24-transponder satellite payloads. With a single dual-feed
antenna, a cable station on the ground (called a headend)
can receive programming from both satellites in each
neighborhood.

Americom’s Satcom C 3 and Satcom C 4 satellites are in
the premiere slots at 131° and 135°, where distribution
can reach 80 million homes. Although their primary
distribution is to cable headends, some programmers also
permit DBS operators to use these feeds for redistribution
as well. Both satellites will be replaced in 2004 with new
spacecraft, AMC 10 and AMC 11. In addition to Viacom’s
networks, the satellites carry The Weather Channel, Court
TV, the Do-it-Yourself channel, The Food Network, Crown
Media’s Hallmark Channel, Home and Garden TV,
Lifetime, The Movie Channel, MTV, Nickelodeon,
Showtime, TV Land, VH1 and C-SPAN.

Americom developed its first cable neighborhood position
in the early ’90s by moving the two satellites to those
locations, according to Carl Capista, Americom’s vice
president of satellite services for North America. It worked
with the content owners on the strategy and the
neighborhood was sold out quickly. Americom does not
reveal how much it costs to use the premiere position
satellites, but it is a safe guess that these satellite
command the highest prices in the business because
they are able to generate so much money for their users.

"By putting like-minded program services on the
satellites, you establish a protected neighborhood. Only
cable programmers were allowed on the system, which
means systems on the ground would always be focused
on those satellites to get that programming," Capista
says. An antenna giveaway also helped, as did the
offering of a much higher level of in-orbit protection
services. Americom specifically designated another in
orbit satellite for preemptible services that would
immediately back up the main satellites in case of a
failure. Today, Americom reserves its AMC 7 satellite for
protection of services in this neighborhood.

Americom has launch contracts with International Launch
Services and manufacturing contracts with Lockheed
Martin for the replacement satellites AMC 10 and 11 in
addition to a ground spare, AMC 18. The new satellites
will be A2100 spacecraft that use solid state power
amplifiers instead of traveling wave tube antennas,
shaped-reflector antennas and triple redundancy
command systems. They will have higher redundancy,
better switching and higher power than the current
satellites. The replacements, planned for operation in
2004, are more than half sold out with renewals and new
users, Capista says.

SES Americom’s second neighborhood, Cable 2,
consists of the AMC 1 and AMC 4 satellites at 101° and
103°. The two 24-transponder C-band payloads of these
hybrid satellites were launched in 1996 and 1999 and
have about a decade of life remaining. Americom has
been developing this neighborhood for two to three years
with an antenna giveaway program, and both satellites
have limited available capacity. Almost 60 million cable
subscribers out of a universe of nearly 70 million are able
to receive programming from Cable 2.

As Americom’s first two cable neighborhoods move
towards being sold out, the company is evaluating a third
neighborhood. "Entertainment programming is the largest
source of revenue for SES whether it’s Americom or Astra
and has been that way for a long time. We see that
continuing," Capista says. "We’re not ready to announce
the locations or satellites, but the concept of a third cable
neighborhood is under development now."

CREATING A LEGACY

If that’s not ambitious enough, SES has embarked on
another initiative to get into the direct-to-home satellite
broadcast service area with its America2Home project. If
successful, SES will begin offering a platform for
consumer television and broadband Internet services in
North America by the end of 2004 via a two-satellite
system—AMC 14, a BSS satellite planned for 105.5° W
and AMC 15, an FSS Ku-/Ka-band satellite under
construction, for 105° W. America2Home’s service model
differs from the direct-to-consumer approach of DirecTV
and Echostar. Americom will operate the satellite platform
but will not provide services directly to consumers.
Services will be provided to America2Home customers
such as the broadcasters and content owners who want
to offer their content directly to subscribers, bypassing
the DTH operators and presumably being able to keep
more of the revenue as a result. Americom needs to win
FCC approval in the next few months to get the new
service into operation in the next two years.

Americom will use the 105° and 105.5° W slots for
America2Home. It is already operating a licensed
Ku-band satellite in the 105° W and the Ka-band
spectrum at the 105° W slot was awarded to Americom
by the FCC in the first round of Ka-band authorizations. It
already has rights for the 105.5° W slot through a license
granted by the government of Gibraltar and is seeking
FCC approval to offer DBS type services from the planned
spacecraft into the U.S. market. Other DBS providers
oppose the request, saying the satellites will cause
interference, a contention that SES disputes based on its
experience in Europe with closer spacing of DBS
satellites.

Kevin Smyth, SES Americom’s senior vice president for
residential satellite services, says discussions were
underway with multiple potential partners and customers
for the capacity in early summer. "We don’t think all the
ethnic and foreign language broadcasters are committed
yet [to existing systems]. Content owners and
broadcasters are expressing interest in alternative ways
to reach the market. They are quite interested in the
agnostic or neutral platform approach we’re providing," he
says. The pending merger of DirecTV and Echostar will
concentrate the DTH business in one company’s hands
and has encouraged some broadcasters to look
elsewhere, he adds.

In Europe, the America2Home model was developed first
by SES Astra to provide broadcasters and content owners
free to air, pay TV and broadband directly to residences.
The programmers handle their relationship with the end
viewer directly, relying on Astra for satellite services.
Ultimately, Americom will put numerous satellites into the
slots, just as SES has done over Europe, to create a
powerful satellite neighborhood at that location.

Using SES Astra, broadcasters like BSkyB and
CanalPlus get economies of scale from sharing a platform
over Europe. They are able to turn their satellite capacity
management over to a global satellite operator with a
legacy of experience, plus benefit from the huge installed
base of viewers.

Smyth says a new hybrid Ku-/Ka-band satellite is being
built by Lockheed Martin for the 105° slot and the
company is preparing design specifications for a satellite
for the 105.5° slot. "We are looking at ways to introduce
very advanced technology and look at new services that
are not currently in the market and to some extent take
advantage of the fact that the incumbents have invested
capital and are to some degree constrained by that,"
Smyth says.

YOU GET WHAT YOU PAY FOR

The model that America2Home is following is one that
has proven to be profitable and popular in Europe, where
SES’s capacity has become the most expensive satellite
time in the world, satellite users say. In the long run it’s
worth it, according to one customer who shops
extensively for global satellite capacity. Dick Tauber, vice
president of satellites and circuits for global news network
CNN, is on the board of directors of the North American
Broadcasting Association (NABA) and chairman of the
Inter-Union Satellite Operations Group (ISOG), a
collection of more than 50 of the world’s top broadcasters.
CNN uses 16 transponders on 11 satellites on six
systems in its global news operation. Tauber says CNN’s
programs are carried on the best satellites available to
destinations all over the world.

"If you want to be on satellite in Europe, you want to be
on SES even though it’s one of the most expensive
satellites in the world," Tauber says. "It took us a long
time to step up to the plate, but when we finally did, we
immediately gained a lot of audience share we never had
in Europe."

The cost of using Astra has been extremely high, as
much as $6 million per transponder per year about four or
five years ago, sources say. With more capacity in orbit,
that price has since come down, but as competitor Joan
Byrnes, chief operating officer of Loral Skynet, points out,
"when you are looking at 80 million households, it’s easy
to charge that much."

In the United States, prices to use premium cable
distribution capacity are far lower, currently ranging from
$125,000 to $185,000 a month for a transponder
depending on the characteristics of the satellite and
capacity, such as location, who else is in the
neighborhood and how robust the fleet is overall.

Antenna and decoder giveaways are one way to set up a
neighborhood, but another is to offer special customers
rock bottom prices, so low that they can’t say no. Tauber
recalls the legendary Rene Anselmo, the deceased
founder of Panamsat (PAS), offering media owner Ted
Turner satellite capacity for a year for $1 back in 1989 on
PAS 1 when Panamsat was just starting out and had no
broadcast customers. "Ted went along with it, got on the
bird and never left. He stayed with Panamsat around the
world and gave them other services as they’ve been
developed by Turner. All this came from a gutsy move by
Rene," Tauber says.

EARNING A HEAVYWEIGHT TITLE

Thus today, PAS carries such heavyweights as TNT and
CNN International on its Galaxy satellites. PAS has
struck large, long-term contracts with both Time Warner
and Disney/ABC for capacity on its satellites, including
an 18-year deal to provide capacity to Disney.

Its legacy reaches back to 1983, when HBO began using
the Galaxy system, then owned by Hughes, to distribute
programs to cable operators in the United States. PAS
claims to be the leading provider of satellite services to
the broadcast industry today based on the amount of its
business devoted to video and its legacy.

In North America, Panamsat considers its cable
neighborhood to include 11 Galaxy satellites positioned in
an arc that reaches from 74° to 133° W (Galaxy 1R),
according to Tom Eaton, PAS executive vice president
and head of global sales and marketing. In Latin America,
it operates the premiere cable neighborhood for the region
on PAS 9 in C-band.

In the United States, Galaxy satellites can reach every
one of the 98 million TV households with programming.
Some U.S. customers are A&E, BET, Bloomberg
Television, Dow Jones, ESPN, MTV and the USA
Network. It helps international programmers reach the
U.S. audience by bringing signals from China, India and
other places to nearly 11,000 cable systems and two
million home dish users in the United States. In the
international market, PAS provides program distribution to
dozens of broadcasters, including the BBC, China Central
Television, India’s Doordarshan, Japan’s NHK, ESPN,
Discovery, Disney and HBO to reach targeted audiences
around the world.

The broadcast customers are more sophisticated and
demanding now, no longer shopping for cable distribution
based mainly on location and having good anchor tenants,
Eaton says. "Panamsat looks at adding other things to
the neighborhood," he says, such as the "Power of 5"
antenna giveaway, in which a qualified cable affiliate can
acquire a kit that views five PAS satellites with two dishes
and shared electronics. The antennas would point at
Galaxies 11, 3R, 10R, 5 and 4 at 91°, 95°, 123°, 125° and
127° W respectively.

"It adds value and further develops the most valuable
cable neighborhood we have, which is the Galaxy fleet,"
Eaton says. PAS also is buying smaller C-band satellites
from Orbital Sciences Corp. that will be put into Galaxy
slots and extend the service life for broadcast customers.

PAS has an in-orbit protection plan that involves both a
spare in the U.S. arc and an option to customers of
buying backup service on other satellites, should a failure
occur. "If something were to happen on a transponder you
operate, you have a right to activate on another
transponder," Eaton explains.

The company is not working to develop any new
neighborhoods, but has informed its investors and
customers that it pulled back earlier plans to expand into
new areas. "When I talk about growth these days, for
PAS, it’s largely driven by providing more services to the
core customers we have today, a stronger presence
within those accounts," Eaton says.

However, Eaton does see customers asking for new
distribution methods for ethnic programming. For
example, Australian broadcaster, Television and Radio
Broadcasting Services, signed for several transponders in
early 2002 to take its programs across the Pacific into
North America, and Korean and Chinese broadcast
customers also are exporting their content to other
countries via PAS satellites.

YEARS OF DEDICATION

Loral Skynet is the third largest player in the North
American market for cable distribution, using slots in the
middle of an arc over North America for Skynet’s
broadcast neighborhood. Loral’s broadcast customers are
carried on Telstars 4, 5 and 6 at 89°, 97° and 93° W. The
big networks, including ABC, CBS and Fox, have long
used the Telstars, creating a neighborhood that has
attracted broadcast syndicators who want to reach the
same viewers. Each customer leases 8 to 10
transponders from Loral. Other broadcasters are carried
on the Telstar system through content aggregator
specialists like Vista Satellite, Globecast and The Space
Connection.

Becoming a service provider for broadcasters takes years
of dedication to promote and position a satellite fleet.
When Loral purchased the Skynet system from AT&T five
years ago, its satellite system had a long history of
servicing broadcasters, with a heritage of service to the
telephony markets. Since then, Loral has enhanced the
broadcast business base while it also grew the number of
its satellites and partnerships to become a global
presence.

Skynet uses primarily C-band for the feeds, and uses its
Ku-band capacity for satellite newsgathering for many of
the same customers. "From a reliability perspective,
cable programmers are looking for a signature cable
neighborhood and a satellite fleet with sufficient depth to
ensure reliable service. It has to have a number of cable
headends looking at it and also host other premiere
programmers, so the content is enough to attract
infrastructure on the ground. An in orbit spare is also
important to them," Byrnes says.

Typically large networks will split their programs between
two satellites to provide some added redundancy in case
of outages.

Loral’s Telstar 7 satellite carries cable programs from
129° W on the Western side of the North American arc. In
October, Loral Skynet is going to launch Telstar 13, a
condo satellite shared with Echostar, into that 121° W
orbital slot, where a cable neighborhood already
established by Loral’s competitors exists.

Skynet carries a large number of channels for the satellite
broadcast services unit of France Telecom, Globecast, on
Telstar 5. Globecast is a pioneer in the trend to providing
ethnic programming platforms for national broadcasters
who want to reach viewers outside their home base.
Telstar has another customer catering to the ethnic
programming market. Pittsburgh International
Telecommunications operates an ethnic neighborhood on
Telstar 5 for ethnic channels from India, Israel, Kuwait,
Thailand, Turkey and Vietnam for customers in the United
States.

Outside North America, Skynet has a strong relationship
with Netherlands-based cable company UPC, which has
capacity on Telstar 12. In Asia, Loral hosts the
consortium HBO Partners on its Telstar 10 capacity. In
Latin America, Loral is building a relationship with
Brazilian media company TV Globo in preparation for the
launch of the new Estrela do Sul satellite in 2003.

TAKING ETHNIC BROADCASTERS GLOBAL

Globecast Europe earns 300 million Euros (U.S.$297
million) a year providing platform and permanent services
to satellite broadcasters. Its customers include some of
the largest broadcasters such as French TV operator
TPS, BBC World, CNN, Euronews and Greek broadcaster
Alpha TV.

Globecast does not own satellites but leases capacity
and then sells platform services to broadcast customers
who run their own bouquets and sell programming directly
to viewers, often with the help of Globecast. The company
entered the broadcast platform business using capacity
leased from Eutelsat on its Hot Bird system. In North
America, the company launched a DTH platform five years
ago on Telstar 5, and three years ago expanded to
Eutelsat’s Eurobird capacity as well.

Globecast operates four platforms on the Hot Bird
satellites, including three that are uplinked from Paris and
one from London, for Europe-wide distribution of their
signals. "What makes us different from satellite service
suppliers is our worldwide presence. When we take
Euronews, for example, on Hot Bird, we also take them
on Eurobird and on the Telstar 5 platform," says Bertrand
Persehaye, Globecast Europe’s senior vice president of
sales

Eutelsat, which declined to be interviewed for this story,
operates its Hot Bird satellites at 13° E, where it delivers
TV to 62 million homes in 39 countries in Europe, North
Africa and the near Middle East.

Persehaye says the trend toward global distribution of
national or ethnic programming is not just motivated by
more money to be earned, but also by cultural or national
interests as is the case of public broadcasters.

Customers like Japanese Satellite TV use the Globecast
hot bird platform to reach Japanese nationals who are
living in Europe. In addition to space capacity, Globecast
manages the network’s conditional access and authorizes
consumer receivers for viewing.

Fortsetzung folgt

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Schlußteil zu #68

Globecast has expanded into Africa with C-band capacity
on New Skies Satellites NSS 803 and into Latin America
via another New Skies satellite, NSS 806. Its African
services became available on smaller dishes in May when
Globecast began using Ku-band capacity on the Eutelsat
W4, uplinked from the company’s international teleport in
Madrid to provide access to 90-cm dishes. African
broadcaster NetTV, a customer for the Ku-band capacity,
is able to take advantage of an African cable
neighborhood that has formed around the W4 position due
to the lease of five of W4s’ transponders from Eutelsat by
another broadcaster, Multichoice.

Ku-band services into Latin America were initiated in late
2001 using Hispasat 1C to transmit to smaller dishes.
"With Hispasat Ku-band from Europe, we are in the early
stage and are building the community knowing Hispasat
1C will be replaced by a much more powerful satellite
within a year, on Amazonas. We are counting on
Amazonas to have a larger penetration of the market,"
Persehaye says.

BUILDING A BASE IN NORTH AMERICA

In North America, Globecast foresaw several years ago
that offering teleport-only services would die eventually as
a business model and that diversification into other
services was needed. In the late ’90s the company began
concentrating on developing MCPC satellite platforms,
taking advantage of digital compression to offer more
tailored distribution capabilities for different business
segments including broadcast, enterprise and Internet.

In the United States, Saudi Arabia TV was the company’s
first customer, using Globecast to reach Saudis living in
the United States with free to air programs from their
home country. Today, the customer list includes
Deutsche Welle’s German TV, TV Polonia, Armenian TV,
Euronews, ANA and Abu Dhabi, among others. Globecast
provides consumers with their antenna, receiver and smart
card for a $299 equipment cost. The viewers pay a
monthly subscription fee, which Globecast collects as the
subscription manager and then passes along to the
programmer.

Besides offering program origination and language
conversion services, Globecast has a full call center with
operators who speak many languages, just like its
customers.

"We are the third largest DTH provider in the States now.
We give ethnic viewers the ability to watch their national
TV. The model has been very successful as far as
commercializing this concept," says Robert Behar,
president and CEO of Globecast America. He says an
estimated 250,000 to 400,000 households watch
programming from the platform, which has grown from
providing one channel in 1998 to 46 TV and radio
channels today. The world TV service uses five Ku-band
transponders and should expand to a sixth by year-end.

Behar sees the market for foreign broadcast distribution
growing at 30 to 35 percent a year. The content owners
benefit from lower costs and the expertise of dedicated
satellite professionals. "If you are a small channel just
starting out with one signal, someone will take care of the
engineering costs and capital expenditure costs and
charge you a monthly fee. You can concentrate on doing
your broadcasting, making your product the best you can.
It’s a no brainer," Behar says.

THE SKIES THE LIMIT

New Skies Satellites NSS 806 is one of the preferred
options for broadcasters and programmers who want to
reach a large Latin American audience that also extends
to Spanish and Portuguese speaking markets in Western
Europe. The satellite was developed initially around the
Argentian market. The uniqueness of NSS 806 is the
bouquet of national broadcasters and programmers from
Argentina, Bolivia, Brazil, Colombia, and Peru combined
with other programming from the United States and
Europe into Latin America. About 4,000 cable headends
in Latin America look at NSS 806.

New Skies provides about 120 video programs ranging
from sports and movies to religion on the satellite. Some
of the customers on the satellite are Artear, TyC, Pramer,
Telefe, ATC, TV Globo, National Geographic Brazil,
Casablanca, Televen, TV Sur, America TV, Globovision,
Telecaribe, RCN, Inravision, CityTV, ATB, Globecast, etc.

NSS 8 is in development as a new cable bird, with
coverage of all of the Americas including all of the United
States (and Hawaii), Canada, Mexico, Central, South
America and the Caribbean.

DEVELOPING NEW NEIGHBORHOODS

Spacecom, the operator of the Israeli Amos satellites,
provides services to customers in Europe and the Middle
East. The Amos 1 satellite provides DTH services in Israel
and distribution services to cable headends in Central and
Eastern Europe. It transmits about 130 channels on 16
transponders. In early 2003, the Amos 2 satellite will be
collocated with Amos 1 satellite at 4° W.

The Amos 2 satellite also will cover the East Coast of the
United States and will provide connectivity between
Europe and the Middle East and America. "Sixty percent
of its 22 transponder capacity is already leased to
customers in Israel and Europe. The Amos 3 satellite will
join Amos 1 and Amos 2 at 4° W in 2005-2006," says
David Pollack, CEO of Spacecom.

Spacecom earns about $2 million per transponder per
year for the services.

Dozens of television programs are carried by Amos 1 for
delivery to both DTH users and cable headends in Israel
and in Europe, including HBO, Canal +, CNN, BBC, Sky
News, Discovery, National Geographic, Eurosport, Fox
Kids and many others.

"Amos 1 became a hot bird following the introduction of
the DBS services in Israel in year 2000. Today hundreds
of thousands of viewers in Israel have a satellite dish
directed to 4°W," according to Pollack. "The DTH
audience size in Israel is about 300,000. The cable
audience size in Europe and the Middle East is about 10
million."

Broadcasters continue to rely on satellite fleets to
distribute programming around the world. New users have
emerged, their needs are slowly growing, and the satellite
community is creating new neighborhoods of valuable
orbital real estate for the cable community in response.

Theresa Foley is Via Satellite’s senior contributing editor.

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LORAL SKYNET SIGNS AGREEMENT WITH SATELLITE MEDIA SERVICES FOR THE DELIVERY OF INTERNET
CONNECTIVITY SERVICES

Corporations, ISPs and Telecommunications Carriers Gain Access to Europe and the Middle East
Using Loral`s Telstar 12 Satellite

BEDMINSTER, NJ - September 30, 2002 - Loral Skynet, a subsidiary of Loral Space &
Communications (NYSE: LOR), today announced that it has signed a long-term agreement with
London`s Satellite Media Services (SMS) for the delivery of its high-speed two-way Internet
access and IP data networking packages via Loral`s Telstar 12 satellite. SMS will use the
capacity to expand its current services in Europe and add coverage in the Middle East.

SMS`s broadband Internet package is based on the DVB/RCS (digital video broadcast/return
channel via satellite) platform, an open standard technology for broadband distribution. Using
Telstar 12, SMS`s expanded DVB/RCS platform will provide an immediate solution for corporations
that demand high quality two-way IP data networking and last-mile connectivity.

According to Tim Whittingham, managing director of Satellite Media Services, "The
standardization of the DVB/RCS technology could not have come at a better time for SMS. DVB/RCS
is a significant milestone in the development of satellite technology, and the SMS/Loral Skynet
relationship will exploit this important application that combines high-power satellite
capacity with the best ground infrastructure and IP data networking skills available today."

Telstar 12, located at 15 degrees West longitude, covers North America as far west as Atlanta,
most of South America, Europe, the United Arab Emirates and South Africa. The satellite
provides trans-oceanic service for video broadcast and business television, high-speed Internet
access and private multimedia services.

Loral Skynet of Bedminster, New Jersey is a leading satellite communications services provider
that offers its customers a complete portfolio of satellite transponder, networking and
professional services from one source. Skynet operates one of the world`s largest and
fastest-growing fleets of telecommunications satellites, providing high-volume communications
and data transmission services to broadcasting, cable TV, Internet and industrial companies
around the world. Through its CyberStar unit`s global IP multicast network and fiber assets,
Skynet provides high-quality data, voice, video and Internet backbone connectivity services to
multinational enterprises and service providers, including carriers and Internet service
providers. The Telstar fleet of seven satellites covers the globe and will expand with the
launch of four more satellites that are currently under construction. For more information on
Loral Skynet and the Telstar fleet, visit www.loralskynet.com.

Satellite Media Services (SMS) has been a licensed UK private satellite operator since 1987.
SMS owns gigabit connectivity to London`s facilities houses, strategically located points of
presence (POPs) and a multi-functional and highly secure teleport. The company is a leading
provider of broadband and IP solutions - providing broadcast, data, voice over IP and Internet
backbone services to an established customer base throughout Europe, the Middle East and Asia.
SMS integrates terrestrial networks, teleport infrastructure, satellite capacity and service
skills into predefined and competitively priced communications solutions. For more information,
visit www.sms-internet.net.

Loral Space & Communications is a high technology company that concentrates primarily on
satellite-based services and satellite manufacturing, including broadcast transponder leasing
and value added services, domestic and international corporate data networks, broadband data
transmission and Internet services. For more information, visit Loral`s Web site at
www.loral.com.

# # #

This document contains forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. In addition, Loral Space & Communications Ltd. or its representatives have made or may
make forward-looking statements, orally or in writing which may be included in, but are not
limited to, various filings made by the company with the Securities and Exchange Commission,
press releases or oral statements made with the approval of an authorized executive officer of
the company. Actual results could differ materially from those projected or suggested in any
forward-looking statements as a result of a wide variety of factors and conditions which are
described in the section of the company`s annual report on Form 10-K for the fiscal year ended
December 31, 2001, entitled "Certain Factors That May Affect Future Results," and the company`s
other filings with the Securities and Exchange Commission. The reader is specifically referred
to these documents.

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Nur ein Link für`s Archiv (Branchenweite Auftragseingänge 2001/2):

http://www.futron.com/pdf/SM0902.pdf

[Gatsby2]

Mehr davon:

Press Release
Source: Loral Skynet


Loral CyberStar to Provide Innovative Voice, Data and IP Solution to the University of San Martin, Colombia
Integrated Network to Provide Services for University`s
Campuses and Medical Clinics Across Central and Latin
America
Thursday October 3, 8:01 am ET

ROCKVILLE, Md.--(BUSINESS WIRE)--Oct. 3, 2002-- Loral Space & Communications
(NYSE: LOR - News) today announced that its CyberStar subsidiary has signed a
three-year contract with one of Latin America`s leading educational institutions, the
University of San Martin, in Bogota, Colombia. CyberStar will provide the University with
a flexible, pan-regional network that integrates broadband Internet access,
videoconferencing, telephony and data transfer capabilities for campuses throughout
Colombia, Peru, Panama, Aruba and Brazil. Loral CyberStar recently was combined
with Loral`s flagship fixed satellite services provider, Loral Skynet.

The University of San Martin`s network uses two integrated services: CyberStar`s Virtual
Integrated Sky Network (VISN(TM)) -- a fully meshed very small aperture terminal
(VSAT) system that will provide voice, data and video services -- and WorldCast,
CyberStar`s flexible one-way or two-way connection to the Internet backbone.

"CyberStar provides us with the two essential components we need, an IP data
infrastructure that integrates telephony and video capabilities, with cost-effective
coverage over a wide region," said Mariano Alvear Sofan, president, University of San
Martin. "To achieve our educational mission it is essential for the university to offer
high-quality instruction and facilities everywhere, not just at the home campus in
Bogota. We needed a system that could offer real-time videoconferencing, high-speed
access to the Internet backbone and reliable telephony services, and CyberStar offers
us all of this."

To meet the diverse voice and data needs of the University`s 21-site network,
CyberStar has combined two of its VSAT services onto a single, comprehensive
platform. The VISN/WorldCast network will provide:

Internal communications for University administration needs.
Internet access for students and staff.
Videoconferencing to provide for one and two-way broadcasts to remote sites.
Private voice communications network within the University capable of supporting
simultaneous voice calls.

"Initially, we will offer point-to-point videoconferencing between an instructor and a
class at a remote site or between administrative conference rooms," said George
Franco Cendales, director, information technology, University of San Martin. "However,
we anticipate that this system will also be used at our affiliated health clinics to
distribute the latest knowledge and techniques to our medical staff so that they can
better support the local population`s health needs."

"For organizations that need fully meshed phone services, videoconferencing and Web
access, CyberStar`s unique ability to offer both over one network at a price less than a
terrestrial system is a very attractive proposition," said Roy Collins, vice president and
general manager, Americas sales, CyberStar. "As part of Loral Skynet, CyberStar will
now have even greater resources to offer unique solutions for reliable voice,
videoconference services and robust Internet access to customers with remote sites."

With the integration of Loral CyberStar and Loral Skynet in September 2002, Loral is
able to offer its customers a complete portfolio of satellite transponder, networking and
professional services from one source. Using CyberStar`s global IP multicast network
and fiber assets, Skynet provides high-quality data, voice, video and Internet backbone
connectivity services to multinational enterprises and service providers, including
carriers and Internet service providers. Skynet operates one of the world`s largest and
fastest-growing fleets of telecommunications satellites, providing high-volume
communications and data transmission services to broadcasting, cable TV, Internet and
industrial companies around the world. The Telstar fleet of seven satellites covers the
globe and will expand with the launch of four more satellites that are currently under
construction. For more information on CyberStar`s services, visit www.cyberstar.com.

Loral Space & Communications is a high technology company that concentrates
primarily on satellite manufacturing and satellite-based services, including broadcast
transponder leasing, domestic and international corporate data networks, Internet
services, and broadband data services including business television, distance learning
and video to the desktop. For more information, visit Loral`s web site at www.loral.com.

This document contains forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. In addition, Loral Space & Communications Ltd. or its
representatives have made or may make forward-looking statements, orally or in writing
which may be included in, but are not limited to, various filings made by the company
with the Securities and Exchange Commission, press releases or oral statements made
with the approval of an authorized executive officer of the company. Actual results
could differ materially from those projected or suggested in any forward-looking
statements as a result of a wide variety of factors and conditions which are described in
the section of the company`s annual report on Form 10-K for the fiscal year ended
December 31, 2001, entitled "Certain Factors That May Affect Future Results," and the
company`s other filings with the Securities and Exchange Commission. The reader is
specifically referred to these documents.

[Gatsby2]

Ein Blick auf die Marktentwicklung für kommerzielle Satelliten: Spaceandtech erwartet für den Zeitraum von 2002 - 2011 einen durchschnittlichen Jahresbedarf von 27 Stück für den geosynchronen Orbit.

Demnach dürften die Auftragseingänge bei den Herstellern gelegentlich wieder steigen...

http://www.spaceandtech.com/digest/flash2002/flash2002-045.s…

[Gatsby2]

Restoring Growth To The Satellite Industry

Story Filed: Monday, September 30, 2002 7:51 PM EST

Sep 30, 2002 (Satellite News/PBI Media via COMTEX) -- Few people would deny that the commercial space industry has
encountered a major slowdown. Many people wonder when the satellite communications business will recover.

The number of new satellite orders has been falling since 1998 although there was a brief up-tick during 2000. In a similar
fashion, the number of launches has been dropping since the early 1980s. One factor was a reduction in the number of Russian
launches, but even Western launches have decreased in recent years. Multiple payloads per vehicle also reduce the number of
launches.

The story on return-to-growth for the commercial satellite industry is troubling. The industry was increasing satellite capacity at
about 400 transponders per year starting in 1996 and 1997 and increased to 500 per year in 1998. The real demand was
growing slightly faster - 460 to 560 from 1998 to 2000. Then, in 2001, demand abruptly dropped by about 265 transponders.
Used capacity was running at about 80 percent until 2001. The drop in demand reduced the fill fraction to 70 percent last year.
This puts capacity ahead of demand by about 1.5 years at present.

We are continuing to launch satellites and transponders at a rate of 500 per year. In fact, there appear to be over 2,000
transponders in the manufacturing pipeline today. If demand were constant, the fill fraction would drop to 50 percent in a few
years. Of course, we must also consider that satellites are perishable. Some wear out, others fail, and some do not survive the
trip into orbit and become operational.

A key question is whether demand is increasing this year. There are signs that demand will continue to fall. Soft demand is not
only due to the economic downturn but also to digital video compression. Many systems are completing conversion to digital
transmission and the full effects are just now being felt. With proper use of MPEG-2, the quality at 2 Mbps or less is better than
analog transmission.

From the operator`s perspective it`s impossible to justify new or replacement satellites when there is empty capacity. This could
mean a long dry spell for the satellite manufacturers and launch service providers.

We have observed that satellite operators are organized to buy satellites. Each staff is motivated to do its job and to justify
more procurement. Some may think that the satellite industry is in a desperate situation, but that is a needlessly pessimistic point
of view.

Fear of failure is a much stronger motivator than greed. We hear people say, "I knew I was really in trouble so I had to do
something brilliant." The solution to the current contraction is almost assuredly not more of the same but a bold and clever
approach that changes a dimension that has been essentially untouched until now.

Operators may need to develop a completely new pricing strategy. Perhaps the breakthrough could be terminals with hard
drive memory and smart software. Conceivably digitally re-configurable antennas could be designed so that satellite
non-recurring can be almost eliminated. There may be technical challenges but some profound ideas are within reach today.

Roger Rusch is the president of TelAstra, Inc. The views in this column do not necessarily reflect the opinions of SATELLITE
NEWS. You can contact him at 310/373-1925.

Satellite News, Vol. 25, No. 37

By Roger J. Rusch

[Gatsby2]

Kaum zu glauben, aber wahr: Es gibt noch Leute, die Satelliten kaufen -- und sogar noch die "richtigen"

Dow Jones Business News
Thai Shin Satellite Secures $390.2 Million Loans For iPSTAR Project
Tuesday October 8, 1:52 am ET

BANGKOK -(Dow Jones)- Thailand`s Shin Satellite PCL said Tuesday that it`s secured
around $390.2 million in loans for its fourth satellite, iPSTAR.

In a filing to the Stock Exchange of Thailand, the company said its board approved
Monday the signing of agreements for loan facilities to finance the construction and
launch service.

Of the total, $184.5 million will be
borrowed over eight-years from the
U.S. Export-Import Bank, and $80.7
million in another eight-year tranche
from the French export-credit
guarantee company Coface .

The funding from U.S. EXIM Bank
will cover the cost of satellite
construction by Space
Systems/Loral of the U.S., an
affiliate of Loral Space &
Communications Ltd. (LOR). The
funds from the French company
follow Shin Satellite`s selection of
France`s Arianespace to launch
iPSTAR.

The remaining $125 million will be borrowed on a four-and-a-half year maturity from
commercial syndicated lenders including Citibank and BNP Paribas S.A. .

The company plans to launch iPSTAR in late 2003. The satellite will offer high-speed
data transmission for Internet and multimedia applications. It`s expected to become a
mainstay of the company`s revenue.

At 0447 GMT (12:47 a.m. EDT), shares of Shin Satellite were unchanged at 17.90 baht
($1=THB43.675).

[Gatsby2]

Und noch ein kleiner Nachschlag:

NEW RATING FOR Loral Space & Commun Ltd / LOR

10/7/2002 7:55:55 PM

Today, StockPickReport.Com rated Loral Space & Commun Ltd
"Outperform". This rating reflects how StockPickReport.Com
believes Loral Space & Commun Ltd`s stock price will perform relative
to the S&P 500 until the next rating is announced.

[Gatsby2]

Off Topic - oder doch nicht ganz: NTT DoCoMo bastelt an 4G ... Breitband direkt vom Satelliten.

NTT DoCoMo<9437.T> says succeeds in 4G experiment


TOKYO, Oct 9 (Reuters) - NTT DoCoMo Inc <9437.T>, Japan`s top mobile
phone operator, said on Wednesday it had successfully completed a transmission
experiment for fourth-generation (4G) mobile communications.

The transmission, conducted in an indoor environment, allowed for a downlink -- a
signal sent from a satellite to Earth -- of 100 megabits per second (Mbps) and an
uplink -- a signal sent from Earth to a satellite -- of 20 Mbps.

That compares with top of the line ADSL, asymmetric digital subscriber line, services
offering high-speed Internet connections of about 12 Mbps.

The experimental 4G mobile communications service has the potential to offer
high-speed transmission of large-capacity data, dwarfing the third-generation (3G)
data rate of two Mbps and allowing for multimedia services such as teleconferencing.

Since 4G employs such a broad bandwidth, however, the service often loses the
necessary transmission quality as secondary signals bounce off surrounding objects.

DoCoMo said it plans to use a variety of technologies to avoid such problems.

Japan`s Ministry of Public Management, Home Affairs, Posts and
Telecommunications aims to develop key 4G technologies by 2005 and to deploy the
technology for commercial use in 2010.

DoCoMo became the world`s first carrier to introduce 3G services in October last
year, but widespread proliferation of the service has been slow due to its expensive
price tag, short battery life and limited coverage area.

By the end of September only 135,700 people -- about one-tenth DoCoMo`s target
of 1.38 million subscribers by March -- had signed up for the service, which allows
faster download speeds than its predecessors and `face to face` video conferencing.

Shares of NTT DoCoMo closed down 2.18 percent at 224,000 yen, in line with the
1.95 percent slide on the key Nikkei 225 average <.N225>.

10/09/02 04:22 ET

[Gatsby2]

Press Release
Source: Loral Space & Communications


Loral Completes Preferred Exchange Offer
Retires 7.2 Million Preferred Shares, Reducing Fixed
Obligations By an Additional $358 Million
Wednesday October 9, 8:33 am ET

NEW YORK--(BUSINESS WIRE)--Oct. 9, 2002--Loral Space & Communications (NYSE:
LOR - News) announced today that approximately 4.34 million shares of its 6% Series
C preferred stock and approximately 2.82 million shares of its 6% Series D preferred
stock were validly tendered and accepted for exchange, under an offer that expired at
11:59 p.m., New York City time, last night.

Loral is exchanging $1.92 in cash and 6.54 shares of Loral common stock for each
share of its preferred stock that was accepted under the offer. In total, Loral is paying
$13.7 million and issuing 46.8 million common shares, while retiring preferred shares
which represent $358 million of mandatory redemption obligations and $21.5 million in
annual dividends.

The preferred shares exchanged represent approximately 54 percent of the Series C
preferred shares and approximately 83 percent of the Series D preferred shares
outstanding at the beginning of the offer. After the exchange, approximately 3.7 million
Series C and 0.6 million Series D preferred shares will remain outstanding, and there
will be approximately 425 million shares of common stock outstanding.

Loral has successfully concluded several initiatives, such as this exchange offer, to
reduce its leverage and increase its financial flexibility. Since the beginning of 2001,
those initiatives have resulted in a reduction of more than $1 billion of the principal
amount of its debt and preferred obligations.

Preferred shareholders with questions on their participation in the exchange offer
should contact the company`s information agent, Morrow and Co., Inc., at (800)
607-0088. The Bank of New York is the exchange agent for the offers.

Loral Space & Communications is a high technology company that concentrates
primarily on satellite manufacturing and satellite-based services. For more information,
visit Loral`s web site at http://www.loral.com.

This document contains forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), provided,
however, that forward-looking statements made in connection with the exchange offer
for outstanding shares of Series C or Series D preferred stock, referred to above, do
not fall within the provisions of Section 27A of the Securities Act or Section 21E of the
Exchange Act. In addition, Loral Space & Communications Ltd. or its representatives
have made or may make forward-looking statements, orally or in writing, which may be
included in, but are not limited to, various filings made by the company with the
Securities and Exchange Commission, press releases or oral statements made with the
approval of an authorized executive officer of the company. Actual results could differ
materially from those projected or suggested in any forward-looking statements as a
result of a wide variety of factors and conditions, which have been described in the
section of the company`s annual report on Form 10-K for the fiscal year ended
December 31, 2001, entitled "Certain Factors That May Affect Future Results," and the
company`s other filings with the Securities and Exchange Commission. The reader is
specifically referred to these documents.

Contact:

Loral Space & Communications, New York
Jeanette Clonan/Tony Doumlele, 212/697-1105



Source: Loral Space & Communications

[Gatsby2]

Nur `ne Randbemerkung: die Gewinnspanne bei Fixed-Satellite-Services (FSS) liegt bei 33%

Just How Profitable Is the Satellite Business?

Oct 07, 2002 (Satellite News/PBI Media via COMTEX) -- With all of the recent press about difficulties in the satellite
industry, Futron took a look at profitability within three key sectors of the satellite industry: satellite manufacturing, fixed satellite
services (FSS) and ground equipment manufacturing. Not surprisingly, each sector had a different story to tell.

Futron found that, on average, FSS providers are able to attain net income margins (net income/revenues) of 33 percent, by far
the highest of all three sectors. The ground equipment sector is a distant second at 6 percent, followed closely by satellite
manufacturing at 5 percent.

Why is the FSS sector so profitable when compared to the other two sectors? One reason is the high barriers to entry for FSS
operators. The scarcity of geostationary (GEO) orbital locations and available spectrum, tight regulatory control and relatively
closed national markets are significant obstacles to a free and competitive FSS marketplace. The limited number of "global"
providers have, in essence, created an oligopoly guaranteeing high profit margins. The situation is even more pronounced for
exclusive "national" providers in markets across Eurasia, the Middle East and Africa.

A second explanation may be found in the ability of this sector to leverage new technology.

Advances in compression technologies and satellite power systems have enabled FSS providers to offer greater bandwidth and
enhanced quality of service, all at a lower cost per transponder. Lowered operating costs and expanded revenues with a
minimal change in price have kept margins high.

Ironically, these same factors have also combined to limit the number of GEO satellites procured every year. This has led to a
continuous shrinking of the market for the manufacturers of such satellites, reducing the profitability of the satellite-manufacturing
sector. With an average of about 20 satellites ordered every year, the market is simply not large enough to support the five
major players in existence today. The only way to raise margins may be, in fact, to consolidate.

Ground equipment manufacturing, while a growing business, is increasingly competitive. The numbers and types of providers
have increased, and the market has seen the bulk production of standardized consumer equipment such as terminals, routers,
hubs, set-top boxes and modems. As in the consumer electronics and home/office-networking industries, margins for such
products are often low.

Satellite News, Vol. 25, No. 38

By Futron Corp.`s Space and Telecommunications Division

[Gatsby2]

Strategy Analytics: Satellite Can Challenge Cable With Advanced Set-top Boxes

London, UK/Oct. 10, 2002/Satnews Daily/ — Global research and consulting company Strategy Analytics has released its
latest findings on the home gateway market. This report from the Strategy Analytics Broadband Device Strategies service
concludes that annual global sales of advanced set-top boxes, so-called "thick clients," will reach 33.5 million units by 2008.
Sixty-three percent of these devices can be classified as "Basic Personal Video Recorders (PVR)," and a further 24 percent
as "Broadband Media Centers."

The report, entitled "Set-Top Box Evolution: From Thin Client to Broadband Media Center," highlights the factors that will
drive the rollout of devices enabling personal video recording, home networking and other functions. It concludes that the
cable industry, with its inherent broadband connectivity, will resist the deployment of thick client devices, preferring to support
online services such as Video-On-Demand. Satellite players, by contrast, must invest in more advanced set-top terminals in
order to counteract the lack of a direct return path.

"The thin client will continue to play a vital role in providing entry-level digital television services to cost-conscious customers,"
notes Peter King, Director, Broadband Device Strategies, at Strategy Analytics. "But successful manufacturers will offer
operators a range of higher spec products in order to address the market`s growing fragmentation."

The forecasts are derived from an analysis of the costs and benefits to both operators and consumers of advanced devices.

Advanced DTV Set-top Box Global Market Forecast

Annual Sales (Million 2001 2002 2003 2004 2005 2006 2007 2008
units)

Basic PVR....................0.19 0.96 2.25 3.61 6.12 10.37 15.49 21.00
Broadband Media.......0.00 0.01 0.29 1.05 2.33 3.82 5.61 8.01
Centre

Total PVR.....................0.19 0.97 2.53 4.67 8.45 14.19 21.10 29.01

Source: Strategy Analytics` Broadband Device Strategies service
Note: includes cable and satellite set-top boxes only

Strategy Analytics provides timely insights and strategic business solutions to companies operating at the convergence of
information, communications and entertainment technologies. With worldwide headquarters in Newton, MA and principal
offices in England, France and Germany, Strategy Analytics focuses on market opportunities and challenges in the areas of
Automotive Electronics, Broadband, Telematics, Wireless Strategies and Enabling Technologies.

[Gatsby2]

Nur nochmal der guten Ordnung halber: das heutige Filing bei der SEC betreffend den Rückkauf der Vorzugsaktien.

October 15, 2002

LORAL SPACE & COMMUNICATIONS LTD (LOR)

form 8-K

Item 5. Other Events.

On October 15, 2002, Loral Space & Communications Ltd. ("Loral") completed the exchange offer (the "Exchange Offer") for
shares of its 6% Series C Convertible Redeemable Preferred Stock due 2006 (the "Series C Preferred Stock") and its 6%
Series D Convertible Redeemable Preferred Stock due 2007 (the "Series D Preferred Stock" and together with the Series C
Preferred Stock, the "Preferred Stock") as commenced on August 27, 2002. Pursuant to the terms of the Exchange Offer,
Loral delivered 6.54 shares of its common stock, par value $0.01 per share (the "Common Stock"), and $1.92 in cash for each
share of Series C Preferred Stock or Series D Preferred Stock validly tendered and accepted for exchange.

4,338,689 shares of the Series C Preferred Stock and 2,657,553 shares of the Series D Preferred Stock were validly
tendered and accepted for exchange in the Exchange Offer. This represented approximately 54% of the shares of Series C
Preferred Stock and 78% of the shares of Series D Preferred Stock which had been outstanding prior to the Exchange Offer.
After giving effect to the Exchange Offer, there were 3,745,485 shares of Series C Preferred Stock and 734,135 shares of
Series D Preferred Stock outstanding. 45,755,415 shares of Common Stock were issued and $13,432,786.59 in cash
(including $1.95 to settle fractional share interests) were paid to the holders of the Preferred Stock who tendered into the
Exchange Offer. After giving effect to this issuance, there were approximately 424 million shares of Common Stock outstanding
as of October 15, 2002.

[Gatsby2]

Nur ein Hintergrundbericht, der Loral noch nicht einmal erwähnt. Zwischen den Zeilen klingt allerdings an, daß es einen wachsenden politischen Druck zugunsten der Industrie zu geben scheint, und der käme dann sicher auch Loral zugute.



Commentary: Call It the Wrong Stuff
The space implosion could undermine defense and businesses of the future


In the late 1990s, the aerospace industry suffered so
many launch failures that Boeing (BA ) once sent up
a dummy payload just to show customers it still
knew how. Snafus with satellites after they`re
launched are on the rise. And according to U.S. Air
Force Secretary James G. Roche, nearly every
space defense program is behind schedule, over
budget, or both. The following are just a few glaring
examples of what might be called The Wrong Stuff:

* In 1999, a $125 million mission to Mars crashed into the planet`s surface. It
turned out Lockheed Martin Corp. (LMT ) had made calculations using
English instead of metric measurements.

* The same year, one of Lockheed Martin`s Titan Centaur rockets put a
military communications satellite into a useless low-earth orbit instead of the
intended geosynchronous orbit. Workers had failed to run software that would
have caught the error.

* Boeing Co. and Lockheed Martin both missed their schedules for launching
new booster rockets designed to replace the space shuttle. Boeing`s Delta 4,
scheduled for use in spring, 2001, is still on the ground.

Many analysts say the problems go beyond the usual challenges of rocket
science. Space-related enterprises are under pressure to save on costs by
cutting corners. A whole generation of top space scientists is retiring or losing
jobs as the industry shrinks, while the smartest science and engineering students
are turning to more lucrative professions. Some experts now question whether
the space sector will ever duplicate its stellar performance in the post-Sputnik
era, when astronauts first soared into orbit. "The American aerospace industry
has been running on intellectual fumes," says Roy Danchick, a former chief
technologist at TRW Inc.

That has ominous implications for the Pentagon`s blueprint for space--and for
commercial opportunities in the future. Defense Secretary Donald H. Rumsfeld,
who chaired a commission on space and national security before assuming his
current post in the Cabinet, wants to fill the heavens with all sorts of new
military gadgets: space-based laser weapons, infrared sensors to track enemy
missiles, orbiting radar systems, and communications satellites that use laser
beams to boost bandwidth. "If you`re not in space, you`re not in the race,"
declares General Lance W. Lord, head of the Air Force Space Command. But
as one beleaguered Defense Dept. official puts it, "space is one particular area
where the industrial base is challenged. We have to figure out what we can do."

Consider the cornerstone of Rumsfeld`s vision: assured access to space. This
means making sure America can get new gear up there fast and fix it when it
breaks. Trouble is, the industry`s record is inconsistent. In the 200 launches
from 1987 through 1999, American companies averaged one failure a year.
But in the 10 months ended in May, 1999, 5 out of 25 launches failed. In some
cases, an Air Force study concluded, the computer models of flight-control
dynamics were inadequate. Elsewhere, there were straight-out design errors.

Recently, the launch record has improved. None of the past 40 liftoffs by
Boeing and Lockheed Martin has gone awry. But who knows how long this
batting streak will continue? The inability of both companies to launch rocket
boosters on time certainly does not bode well. Meanwhile, a swoon in the
commercial launch market is focusing managers` attention on costs, not on
technology. "Profit margins are very thin," says Philip R. McAlister, director of
Futron Corp., a technology management company in Bethesda, Md. "That puts
pressure on [corporations] to take short cuts."

Launches aren`t the whole story. There have been growing numbers of
problems with satellites once they`re in orbit. Futron data show that while the
number of birds has doubled since 1998, the number of glitches causing
complete or partial loss of operations is up 146%.

The industry`s demographic outlook is further cause for concern. As space
businesses consolidated, employment in the launch sector has shriveled from
208,000 in 1988 to 82,000 today. Industry and government will have trouble
finding qualified replacements. The number of graduate aerospace engineering
degrees awarded plummeted from 4,072 in 1991 to 2,175 in 2000 as techies
sought work in biotech, computer games, and other more alluring businesses.
These sectors are proving "far more interesting than aerospace," says
Theodore A. Postol, a Massachusetts Institute of Technology physicist.

For graduates who choose the space sector, the outlook is far bleaker than it
was just a few years ago. When demand for use-anywhere satellite phones
didn`t materialize and companies such as Iridium LLC and Globalstar LP
declared bankruptcy, the prospects for the low-earth satellite market vanished.
And the geostationary-satellite market already had a glut of capacity. Last
year, only 16 birds lifted off worldwide. The upshot: Recruits won`t see the
large variety of programs and launches that helped educate previous
generations. Today`s workers "don`t have the scar tissue you get from
experience," frets a senior industry exec.

The implosion has been particularly hard on high-tech space startups. Many
have closed their doors, including Beal Aerospace Technologies Inc. in Frisco,
Tex., which aimed to launch big payloads. Even Lockheed Martin has curtailed
some space projects, such as a single-stage-to-orbit rocket it developed with
NASA at a cost of nearly $1 billion. The company is leaving its money losing
communications-satellite business.

Space atrophy is affecting a raft of defense programs. In recent tests, Raytheon
Co.`s (RTN ) Patriot Advanced Capability-3--considered one of the most
promising battlefield anti-missile weapons--notched just 4 hits out of 7 tries. At
Lockheed Martin, designers of a key Star Wars sensor didn`t take account of
blinding sun rays. A special Air Force panel is trying to figure out how to fix a
classified Boeing imaging satellite program. And topping it all, the Air Force
gave Congress back $95 million for an extremely high-frequency satellite
program because it was so far behind schedule--in part due to Air Force
mismanagement. "They don`t give money back very often," says a
congressional aide.

America`s space woes are also hurting the country`s balance of high-tech trade.
In 2001, the U.S. imported $450 million in spacecraft and parts, while it
exported only $282 million, even though the U.S. launch market accounted for
less than a third of all launches last year. Prior to 2000, the U.S. ran a surplus.

Congress is concerned--and rightly so. To address the atrophy, it recently set
up a panel that recommended tax credits for companies that provide training
and apprenticeships in certain fields. And there`s a bill to help universities raise
enrollment in math and science courses. "If the defense industry can`t recruit
and retain qualified people, then this industry doesn`t have a future," declares
Tillie K. Fowler, a former Florida representative who sits on the congressional
commission.

Meanwhile, the Pentagon is considering alternatives to exploiting space. Air
Force Secretary Roche`s solution: use planes. Instead of putting sensors for
battlefield surveillance on satellites, for example, he would put them on an
unmanned aerial vehicle such as the Global Hawk, which flies high enough to
give a full view of the battle theater. That could have certain advantages over
space systems. Aircraft can be brought to earth quickly for repairs, and a
replacement can be sent up fast, whereas with satellites and rockets, a single
glitch is often fatal.

For the Pentagon`s grander visions, it`s not clear that planes really have the right
stuff. In any case, defense is only one potential victim of America`s shrinking
technical competence. The U.S. developed its space program to address a
whole constellation of scientific and commercial dreams. If this expertise is lost,
it`s hard even to imagine all the ideas that will never get off the ground.

[Gatsby2]

NEW YORK (Standard & Poor`s) Oct. 31, 2002--Standard & Poor`s Ratings Services
said today that it lowered its corporate credit rating on satellite leasing and
manufacturing company Loral Space & Communications Ltd. to `SD` from double-`C`.
An `SD` rating denotes a selective default. The ratings on Loral`s series C and series D
preferred stocks were lowered to `D` from single-`C`. These actions follow completion
of the company`s exchange offer on a portion of the preferred issues for $13.7 million
cash and 45.8 million shares of common stock. The exchange represented a 93%
discount off the preferred stock liquidation preference. Standard & Poor`s viewed the
exchange as coercive and tantamount to a default on the original terms of the preferred
issues.

Standard & Poor`s also removed the ratings from CreditWatch, where they were placed
with negative implications on Sept. 19, 2002 in response to the subpar exchange offer.
At that time, the corporate credit rating was lowered to double-`C` in anticipation of a
selective default by the company upon completion of the exchange offer.

Subsequent to the selective default, Standard & Poor`s raised its corporate credit rating
on Loral to triple-`C`-plus and assigned its double-`C` rating to the preferred stock not
tendered in the exchange. The liquidation preference of the remaining series C and
series D preferred shares are $187.3 million and $36.7 million, respectively. The
triple-`C`-minus senior unsecured debt rating on Loral and the triple-`C`-plus senior
unsecured debt rating on wholly owned subsidiary Loral Orion Inc. were affirmed.

The outlook is negative.

"Loral modestly improved its balance sheet and increased its cash flow generating
potential by completing the exchange offer. However, the company`s liquidity remains
strained," said Standard & Poor`s credit analyst Eric Geil. "Based on earlier company
guidance, Loral expects to have roughly $100 million in cash and borrowing availability
at year-end 2002, after accounting for cash used in the exchange offer, down from
$180.7 million at June 30, 2002. We are concerned that Loral could exhaust its
remaining liquidity in 2003, given the potential for continued satellite leasing and
manufacturing industry weakness. The company operates in a competitive environment
and still faces financially much stronger rivals."

Standard & Poor`s also said that persistent industry weakness could continue to exert
downward pressure on the ratings. Absent stronger demand to boost cash flow, or
management steps to stabilize falling liquidity, the ratings could be lowered.

[Gatsby2]

LORAL SPACE & COMMUNICATIONS TO HOST THIRD QUARTER RESULTS CONFERENCE CALL

NEW YORK - November 1, 2002 - Loral Space & Communications Ltd. (NYSE: LOR) invites
shareholders, analysts and professional investors to participate in a conference call with
Loral chairman and chief executive officer, Bernard L. Schwartz, to discuss Loral`s third
quarter 2002 results, which will be announced prior to the market opening on November 7, 2002.

The call will begin at 11:00 a.m. EST on Thursday, November 7, 2002.

To participate, please dial [phone] approximately 15 minutes prior to the scheduled
start of the call.

A listen-only simulcast of the call may be accessed on the Internet at http://www.loral.com.

If you are unable to listen to the call, a replay will be available beginning at 2:00 p.m. EST
on November 7 through 8:00 p.m. EST on November 14, by dialing [phone], access code:
769331. The web cast will be available on Loral`s web site through November 14, 2002.

[Gatsby2]

Press Release
Source: Loral Space & Communications


Loral Reports Results for Periods Ended September 30, 2002
Thursday November 7, 8:14 am ET

NEW YORK--(BUSINESS WIRE)--Nov. 7, 2002--Loral Space & Communications (NYSE:LOR -
News):

NOTE CHANGE IN CONFERENCE CALL TIME AND TELEPHONE NUMBER

Due to scheduling conflicts, Loral`s
quarterly conference call with chairman
and chief executive officer, Bernard L.
Schwartz, will now begin at 3:30 p.m.
EST today. To participate, please dial
[phone] approximately 15 minutes
prior to the scheduled start of the call, or
access the listen-only simulcast of the
call on the Internet at www.loral.com. A
replay of the call is available for one week
at 719-457-0820, access code 346558.

Loral Space & Communications
(NYSE:LOR - News) today reported its
financial results for the third quarter and
nine months ended September 30, 2002.

Loral`s earnings and cash performance
remains on track with its previously issued guidance for the full year despite the prolonged
downturn in the economy and the telecommunications industry. At the same time, Loral
continued its strategy to reduce its leverage by concluding an exchange of preferred stock for
common stock, retiring 61 percent of the outstanding preferred stock. From the beginning of 2001
to date, Loral has reduced its principal amount of debt and preferred obligations by more than
$1.2 billion and has eliminated over $95 million in annual dividends and interest payments.

Continued on-track earnings results and cash management will result in cash flow in excess of
operating costs, interest and scheduled debt payments in 2002 and 2003, even if the expected
economic recovery is not realized until after 2003. Further, after satellite construction
expenditures of approximately $175 million this year, the cash balance at year end is expected
to exceed $100 million, in line with prior guidance.

Reflecting the unprecedented low rate of orders for satellite construction worldwide, Space
Systems/Loral has recorded no satellite bookings so far this year. The company continues to
expect up to seven new orders by the end of 2003. The impact on SS/L, however, is cushioned
by the strong backlog of 21 satellites it had in the factory at the beginning of 2002. SS/L is
currently working on 13 satellites in the factory, with a backlog of $781 million at September 30,
2002.

Highlights

Earnings before interest, taxes, depreciation and amortization (EBITDA) for the first nine
months was $166 million; guidance for the year remains at $210-215 million.
Loral`s reported revenue for the first nine months totaled $836 million, compared to $797
million for the same period last year. Skynet`s revenue, however, declined $28 million
compared to the first nine months of 2001. New guidance for Loral revenue for the year is
approximately $1.1 billion versus the earlier forecast of $1.2 billion.
Net loss applicable to common shareholders for the nine months was $110 million or
$0.31 per share (before the first-quarter goodwill charge and the non-cash impact of the
second quarter preferred exchanges). Guidance for the year, before the goodwill charge
and the non-cash impact of the preferred exchanges in the second and fourth quarters,
remains at a net loss of $0.40 to $0.50 per share.
Net cash provided by operating activities for the nine months rose to $264 million from $95
million in the prior nine-month period.
After capital expenditures and investments of $226 million (including $25 million in
capitalized interest) in the first nine months, cash and available credit at September 30,
2002 was $165 million, compared to $181 million at the end of June 2002.
The company completed a preferred stock exchange after the end of the quarter that
reduced the principal amount of mandatory preferred stock obligations by $350 million,
and eliminated $21 million in annual dividends. Had the transaction closed on September
30, 2002, pro forma shareholders` equity after considering the exchange would have been
$219 million compared to the reported $105 million deficit.

Financial Results for the Periods Ended September 30, 2002

Compared to the year-earlier periods:

Loral`s reported revenue for the third quarter was $211 million, down 19 percent due primarily to
the expected lower revenues at Skynet and data services, offset by improved revenues at SS/L;
for the first nine months Loral revenue rose five percent to $836 million. Reported EBITDA
declined as expected during the quarter to $38 million from $49 million; for the first nine months it
declined three percent to $166 million. Reported revenue and EBITDA were reduced by higher
intercompany eliminations during the periods, primarily arising from the company`s September
2002 agreement to purchase 50 percent of the APSTAR-V satellite, currently under construction
at SS/L. As a result, intercompany eliminations for revenue and EBITDA were increased by $29
million and $4 million, respectively.

Loral`s net loss available to common shareholders for the third quarter improved to $52 million or
$0.14 per share, compared to $64 million, or $.19 per share. For the first nine months (excluding
the first-quarter goodwill write-off and the non-cash impact of the second quarter preferred
exchanges), the net loss improved to $110 million, or $0.31 per share, compared to $205 million,
or $0.64 per share.

Per share calculations for the third quarter and first nine months of 2002 are based on 374 million
and 356 million weighted average shares of common stock outstanding, respectively, versus 334
million and 320 million for the same periods in 2001. Not included in these figures is
approximately 46 million common shares issued in connection with the preferred stock exchange
completed after the end of the third quarter this year.

The persistent slowdown in the telecommunications industry has dramatically reduced awards for
new satellites in 2002 and has delayed the launch of new fixed satellite service applications,
resulting in a decline over the first nine months in both backlog and bookings at Loral. Loral`s net
funded backlog at September 30, 2002, was $2.0 billion, compared to $2.7 billion at year-end
2001. Loral`s net bookings for the third quarter were $51 million - before an intercompany
elimination of $59 million relating to Loral`s APSTAR-V ownership - compared to net bookings of
$145 million in the 2001 third quarter.

Loral Skynet generated gross bookings of $66 million in the third quarter compared to $37 million
a year ago. Skynet has maintained its funded backlog at $1.4 billion, or four years` current
revenues. SS/L ended the quarter with a backlog of $781 million, equivalent to nearly a year`s
revenue and, as previously cited, did not record any substantial bookings.

Business Unit Review

Fixed Satellite Services (FSS)

Consistent with company forecasts and in line with guidance for the year, Skynet`s revenues for
the third quarter were $80 million versus $100 million last year; for the first nine months revenues
were $263 million versus $291 million last year. Skynet EBITDA for the quarter was $52 million,
down from $71 million; for the nine months, EBITDA was $178 million as compared to $206
million last year. Utilization of Skynet`s fleet of seven satellites was 63 percent at the end of the
period, down from 65 percent at the end of the second quarter. As previously announced, Skynet
expects capacity utilization of approximately 62 percent at year-end 2002.

Skynet`s debookings were substantially reduced in the third quarter and first nine months of
2002. Further, its contract renewals continued at a rate of 80 percent. Renewal pricing is down
about 10 percent from last year. At September 30, Skynet`s backlog was $1.4 billion - equivalent
to backlog at the end of the previous quarter and at the end of 2001.

During the third quarter, Loral announced the combination of its Skynet and CyberStar units to
form a unique satellite services business that offers a complete portfolio of satellite transponder,
networking, Internet protocol (IP) and professional services. The combination is expected to
quickly produce benefits, as CyberStar`s value-added services will become a more direct
differentiator and competitive advantage of our FSS offerings. This combination adds valuable
resources to each unit while allowing its customers the benefit of using one source for all their
communication needs.

Skynet signed a number of new contracts during the quarter, including deals with Hearst-Argyle,
GlobeCast, Bonneville and a renewal by NBC.

Skynet is seeing mixed demand for services, varying by region. Asian C-band demand, where
Loral`s Telstar 10 satellite has a capacity utilization rate in excess of 75 percent, continues to be
steady. Ku-band in North America also remains steady, driven primarily by new direct-to-home
and direct-to-business applications. In the Middle East there is increased demand for commercial
Internet and video connectivity as well as for government applications. C-band in North America
and C- and Ku-band in Latin American markets continue to be weak. Skynet`s average annual
transponder pricing is now approximately $1.5 million.

Telstar 13, a "condo sat" owned with EchoStar, is nearing completion at SS/L and is expected to
launch in the first quarter of 2003. The Telstar 8 tri-band satellite is scheduled for completion by
mid-2003. Its launch schedule will be finalized in the first half of 2003 when the company can
better assess market requirements. Estrela do Sul`s launch remains planned for the first half of
2003. It will be the first high-power Ku-band capacity over Brazil, an under-served and high growth
potential market. Estrela do Sul`s anchor tenant, Connexion by Boeing, will use the satellite`s
capacity over the North Atlantic Ocean for real-time, in-flight passenger communications
services. APSTAR-V, co-owned by Loral and APT Satellite, is scheduled for launch in the
second half of 2003. It will serve the Asian region, from India to Australia and Hawaii.

Satellite Manufacturing and Technology

Space Systems/Loral posted revenue of $208 million in the third quarter, an increase of 14
percent over last year`s third quarter. For the nine months, SS/L revenues were $701 million up
18 percent and EBITDA rose 5 percent to $38 million versus last year`s first nine months. SS/L`s
EBITDA was $11 million in the third quarter compared to $1 million in the prior year quarter. Both
the three and nine month periods in 2002 include a non-cash charge of $11 million in connection
with SS/L`s agreement with a customer to exchange its vendor financing receivable for common
shares to be issued upon completion of the customer`s offer to creditors, of which SS/L is one.
Full year EBITDA for SS/L is expected to be approximately $50 million, an improvement over
prior guidance.

During the quarter, SS/L delivered the EchoStar VIII and INTELSAT 906 satellites, for a total of
seven satellite deliveries in 2002. The company expects to ship eight to ten satellites in 2003.
SS/L is in active discussions with several customers and, while it continues to expect to receive
orders for as many as seven new satellites by the end of 2003, it is not likely that any orders will
be placed before the end of 2002.

During the quarter, SS/L was selected, as a member of a Raytheon-led team, as one of only two
finalist teams to compete for the Mobile User Objective System (MUOS), a U.S. Navy
multi-satellite program valued at an expected $6 billion. SS/L`s team was awarded a $40 million
contract for developmental work on MUOS.

Data Services

Data services revenues declined year over year due to a general weakness in the demand for new
or expanded data transport services and to competition from fiber. EBITDA, however, improved
substantially this year versus last, as a result of aggressive cost management. Revenues from
the data services unit in the third quarter were $15 million, versus $22 million in the third quarter
of 2001; revenues for the nine months were $53 million versus $77 million last year. Segment
EBITDA was a negative $2.4 million in the quarter, versus a loss of $2.6 million in the year-ago
quarter. For the nine months, the EBITDA loss improved to $2.5 million, compared to a loss of
$16.2 million last year.

Loral Space & Communications is a high technology company that concentrates primarily on
satellite manufacturing and satellite-based services. For more information, visit Loral`s web site at
www.loral.com.

This document contains forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended. In addition, Loral Space & Communications Ltd. or its representatives have made or
may make forward-looking statements, orally or in writing which may be included in, but are not
limited to, various filings made by the company with the Securities and Exchange Commission,
press releases or oral statements made with the approval of an authorized executive officer of the
company. Actual results could differ materially from those projected or suggested in any
forward-looking statements as a result of a wide variety of factors and conditions which are
described in the section of the company`s annual report on Form 10-K for the fiscal year ended
December 31, 2001, entitled "Certain Factors That May Affect Future Results," and the
company`s other filings with the Securities and Exchange Commission. The reader is specifically
referred to these documents.

LORAL SPACE & COMMUNICATIONS LTD
STATEMENTS OF OPERATIONS
(In millions, except per share data)


Three Months Ended Nine Months Ended
September 30, September 30,
------------------ ------------------
2002 2001 2002 2001
------- -------- -------- --------

Segment Revenues:
Fixed satellite services:
Skynet $ 80.4 $ 99.8 $ 263.0 $ 291.0
Affiliates 23.3 34.8 74.4 106.3
------- ------- -------- --------
Total fixed satellite
services 103.7 134.6 337.4 397.3
Satellite manufacturing and
technology 207.9 182.9 700.5 596.0
Data services 15.2 22.4 52.8 77.2
------- ------- -------- --------
Operating segment revenues 326.8 339.9 1,090.7 1,070.5
Intercompany and
affiliate eliminations (115.8) (78.8) (255.2) (273.4)
------- ------- -------- --------
OPERATING REVENUES AS REPORTED $ 211.0 $ 261.1 $ 835.5 $ 797.1
======= ======= ======== ========

Segment EBITDA:
Fixed satellite services:
Skynet $ 51.8 $ 71.1 $ 178.3 $ 205.9
Affiliates 9.4 15.5 30.7 54.1
------- ------- -------- --------
Total fixed satellite
services 61.2 86.6 209.0 260.0
Satellite manufacturing
and technology (1) 10.8 1.3 38.3 36.3
Data services (2.4) (2.6) (2.5) (16.2)
Corporate expenses (8.7) (11.9) (26.2) (33.8)
------- ------- -------- --------
Segment EBITDA before
eliminations 60.9 73.4 218.6 246.3

Intercompany and affiliate
eliminations (23.0) (24.0) (53.1) (76.5)
------- ------- -------- --------
EBITDA AS REPORTED (1) 37.9 49.4 165.5 169.8

Depreciation and amortization (46.4) (56.4) (141.6) (166.0)
------- ------- -------- --------
Operating income (loss) (8.5) (7.0) 23.9 3.8

Interest and investment
expense, net (18.5) (38.7) (45.6) (120.9)
------- ------- -------- --------
PRETAX LOSS (27.0) (45.7) (21.7) (117.1)

Income tax (expense) benefit 4.7 5.9 (8.5) 7.8
------- ------- -------- --------

LOSS AFTER TAXES (22.3) (39.8) (30.2) (109.3)
Equity in affiliate losses
and other (21.4) (12.5) (50.0) (55.0)
Cumulative effect of change in
accounting principle, relating
to goodwill in 2002,
net of taxes - - (876.5) (1.7)
------- ------- -------- --------

Net loss (43.7) (52.3) (956.7) (166.0)

Preferred dividends (8.6) (12.0) (67.4) (68.8)
------- ------- -------- --------

NET LOSS - COMMON SHAREHOLDERS $ (52.3) $ (64.3) $(1,024.1) $ (234.8)

Less cumulative effect of
change in accounting principle,
relating to goodwill in 2002,
net of taxes - - 876.5 1.7

Less non-cash dividend
charges on conversions
of preferred stock
into common stock - - 37.9 28.5
------- ------- -------- --------

NET LOSS - COMMON SHAREHOLDERS
before cumulative effect of
change in accounting principle,
relating to goodwill in 2002,
net of taxes and non-cash
dividend charges on conversions
of preferred stock
into common stock $ (52.3) $ (64.3) $ (109.7) $ (204.6)
======= ======= ======== ========

Weighted shares outstanding -
Basic and Diluted 373.7 333.7 356.3 319.8
======= ======= ======== ========
Loss per share -
Basic and Diluted $ (0.14) $ (0.19) $ (2.87) $ (0.73)
======= ======= ======== ========
LOSS PER SHARE - BASIC AND
DILUTED before cumulative
effect of change in accounting
principle, relating to goodwill
in 2002, net of taxes and
non-cash dividend charges on
conversions of preferred
stock into common stock $ (0.14) $ (0.19) $ (0.31) $ (0.64)
======= ======= ======== ========


(1) The three and nine months ended September 30, 2002, include a
non-cash charge of $(11.2) million recorded in connection with
an agreement reached with a customer related to vendor financing
receivables.


LORAL SPACE & COMMUNICATIONS LTD.

Supplemental Financial Data
(In millions)


Three Months Ended Nine Months Ended
September 30, September 30,
------------------ -------------------
2002 2001 2002 2001
-------- -------- -------- --------
BOOKINGS
Fixed satellite services:
Skynet $ 65.5 $ 36.9 $ 274.1 $ 360.9
Affiliates 27.7 25.8 87.3 99.7
-------- -------- -------- --------
Total fixed satellite services 93.2 62.7 361.4 460.6
Satellite manufacturing and
technology 5.5 172.1 19.9 390.1
Data services 11.7 8.5 39.3 53.2
Affiliate eliminations (27.7) (25.7) (87.3) (99.7)
Intercompany eliminations (54.8) (10.3) (52.1) (42.2)
-------- -------- -------- --------
Total bookings 27.9 207.3 281.2 762.0
Debookings (35.9) (62.8) (177.2) (433.1)
-------- -------- -------- --------
NET BOOKINGS $ (8.0) $ 144.5 $ 104.0 $ 328.9
======== ======== ======== ========

September 30, 2002 December 31, 2001
------------------ -----------------
FUNDED BACKLOG
Fixed satellite services:
Skynet $ 1,353.7 $ 1,402.9
Affiliates 388.4 404.2
----------- -----------
Total fixed satellite services 1,742.1 1,807.1
Satellite manufacturing and
technology 781.0 1,567.3
Data services 73.3 97.9
----------- -----------
Total funded backlog 2,596.4 3,472.3
Affiliate eliminations (388.3) (404.2)
Intercompany eliminations (191.8) (320.2)
----------- -----------
NET FUNDED BACKLOG $ 2,016.3 $ 2,747.9
=========== ===========

CASH & UNUSED BANK CREDIT (1) $ 165.0 $ 229.3
=========== ===========

Condensed Balance Sheets
(In millions)

September 30, 2002 December 31,
---------------------------
Pro Forma (2) Actual 2001
------------------ -------- ------------

Cash and equivalents $ 86.0 $ 99.4 $ 159.9
Other current assets 325.6 325.6 412.0
--------- --------- ---------
Total current assets 411.6 425.0 571.9

Property, plant & equipment, net 2,021.9 2,021.9 1,977.4
Cost in excess of net assets
acquired, net - - 891.7
Other assets 859.8 859.8 985.2
--------- --------- ---------
Total assets $ 3,293.3 $ 3,306.7 $ 4,426.2
========= ========= =========

Current portion of debt $ 150.4 $ 150.4 $ 136.6
Other current liabilities 405.5 408.7 447.9
--------- --------- ---------
Total current liabilities 555.9 559.1 584.5

Long-term debt 2,133.5 2,133.5 2,226.5
Other long-term liabilities and
minority interest 251.5 251.5 264.3
Convertible redeemable
preferred stock 133.4 467.6 -
Shareholders` equity 219.0 (105.0) 1,350.9
--------- --------- ---------
Total liabilities and
shareholders` equity $ 3,293.3 $ 3,306.7 $ 4,426.2
========= ========= =========

(1) Includes unused bank credit of $65.6 million and $69.4 million
as of September 30, 2002 and December 31, 2001, respectively.

(2) Presents the effect of the Company`s exchange offers of
preferred stock for common stock completed on October 8, 2002, as if
the exchange occurred on September 30, 2002.

[Gatsby2]

Nichts über Loral - aber viel über das Branchenumfeld:

Warmer Days Ahead for Satellite Industry

Story Filed: Wednesday, November 06, 2002 6:27 PM EST

Nov 06, 2002 (Interspace/PBI Media via COMTEX) -- The global satellite industry has entered a new Ice Age. Revenues are
stagnant, strategic activity has ground to a halt, and capital is scarce.

The last time the future looked so bleak was in the late 1980s. Fibre optic cable was stealing away telephone traffic - the main
source of revenues for the satellite industry. Consolidation was winnowing down the number of players. In the United States, the
number of fixed satellite service (FSS) players dropped from nine to three in less than a decade.

The good news? The slump of the 1980s ended. Ultimately, it led to a period of profound growth and transformation for the
satellite industry. We believe the industry will see another burst of growth after the current slump is over. How We Got Here

The causes of the current slump are well known. The satellite industry expanded capacity to meet the exploding demand from
Internet traffic and the increasing demand for television and telecom services from emerging markets. The collapse happened in
several stages. First, the Asian economic crisis put the brakes on satellite projects designed to serve that region. Second, the
numerous satellite Internet projects around the world closed their doors and cancelled their orders for satellite capacity. Third,
economic weakness spread to the media industry and led to contraction in the TV industry, which had become critical to the
satellite industry.

On top of this, the proposed merger of EchoStar Communications and Hughes Electronics put these two large satellite TV players
in limbo. As an adjunct to the merger, the associated sale of Hughes` stake in PanAmSat to EchoStar created uncertainty over the
future of the FSS sector. Moreover, the two companies` satellite Internet plans were iced, which had a further chilling effect on
the satellite Internet market. How We Get Out

The causes outlined above create a simple formula for industry revival: 1) resolution of the EchoStar-Hughes saga; 2) rebirth of
satellite Internet demand; 3) economic rebound to boost media spending. We believe all three of these elements are at hand. After
The Merger

Now that the Federal Communications Commission and Department of Justice have decided to block the EchoStar-Hughes
merger, everyone is speculating about whether EchoStar will try to get out of purchasing PanAmSat and paying Hughes the $600
million break-up fee. I certainly do not have any proprietary knowledge on the topic; however, my reading of the merger
agreement gives EchoStar very little wiggle room. Moreover, if I were General Motors, the majority owner of Hughes, I would do
everything possible to ensure EchoStar pays. Prudent investors have to assume EchoStar ends up paying. This would reverse the
current situation in the U.S. direct broadcast satellite (DBS) market. Hughes would end up debt free after the payment.
EchoStar`s debt would climb from $1.4 billion to $6.1 billion. We believe this difference in leverage could position Hughes to
compete much more aggressively. In addition, General Motors plans to put Hughes back on the auction block. The next owner of
Hughes may manage it more aggressively.

So, what of PanAmSat? If EchoStar buys PanAmSat, we expect EchoStar to become a forceful industry consolidator. We expect
Intelsat and PanAmSat to compete to acquire European satellite operator Eutelsat. PanAmSat may also look at a smaller player
like New Skies, which could be bought for less than asset value. If nothing else, freeing up PanAmSat to play in the market should
help break the logjam that has developed in FSS.

We expect a strong revival of satellite Internet demand in the next few years. While the EchoStar-Hughes merger put satellite
Internet plans on hold, we expect them to start up again shortly. Hughes` SpaceWay broadband satellite system is scheduled to be
operational in 2004. WildBlue and Astrolink are likely to be revived. Telesat Canada is proceeding with its plans to offer satellite
Internet service. In Asia, IPStar is pushing ahead with its plans. In Europe, SES Global is on track with its Satlynx venture and
Eutelsat is establishing a platform for independent broadband service providers. By 2005, we expect more than 20 direct-to-user
satellite Internet systems to be operational.

While satellite will capture only a small share of overall Internet connectivity, we believe it will play a critical role in reaching
remote and rural users. This should lead to a rebound in demand for FSS operators, broadband service providers, satellite
equipment suppliers and even satellite makers. Look for the boom to begin generating material revenue in 2007 and 2008.

Predicting when the global economic upturn will come may prove harder than forecasting specific satellite industry events.
Macroeconomic data shows few positive signs. Many economies need substantial restructuring. Overextended media companies
need to pare costs and revamp operations.

There are early signs of a media-spending rebound. By 2004, revenues for media companies should fund new television projects,
boosting satellite demand. These projects include specialised programming, high-definition TV, pay-for-view and innovative new
program offerings.

The thaw has not begun yet. The first signs of a warming trend should occur early next year. Once the EchoStar-Hughes merger
mess is sorted out, that should set in motion events that will lead to a satellite industry rebound. Add some macroeconomic growth
to the weather forecast, and we could see much warmer days for the satellite industry in 2004.

Thomas W. Watts is managing director at SG Cowen Securities Corp. He can be contacted at e-mail:
[e-mail] [Copyright 2002 PBI Media, LLC. All rights reserved.]

Interspace, Vol. , No. 756 [Copyright 2002 PBI Media, LLC. All rights reserved.]

By Thomas W. Watts

[Gatsby2]

Viel über Loral: Die Mitschrift der gestrigen Fragestunde (Teil 1)

QUESTION AND ANSWER SUMMARY

Q1. (William Kidd, Lehman Brothers) On the manufacturing numbers. Should I be looking
at the manufacturing performance by adding together some of the change in
inter-company eliminations and affiliates?

A. (Bernard Schwartz) Yes.

Q2. (William Kidd, Lehman Brothers) Can you give us all of the change in inter company
affiliates? Is that all coming from the manufacturing business?

A. (Bernard Schwartz) No it is not.

A. There`s a small amount that has to do with some inter-company leases on the FSS
business. But it`s small.

Q3. (William Kidd, Lehman Brothers) Does the weakness in the Latin American business
impact your 2003 expectations, particularly for Estrela do 2 [phonetic]?

A. Regarding Estrela do 2, we`re still looking forward to the launch of that satellite. It`s
still attractive. They fall into two categories. One, we have an anchor tenant for an
attractive part of that satellite for the Connexion by Boeing service, over the N. Atlantic
region. Our marketing team at Skynet has been working diligently and has developed an
attractive bundle of sales opportunities in Brazil market. EDS is unique because it will be
the first KU band high powered satellite over Brazil; and the market opportunities we still
believe are strong. We anticipate it will take at least two or three years to lease up the
satellite completely. It is a satellite we want to get up at the earliest.

Q4. (William Kidd, Lehman Brothers) Where do you expect LOR to be in a couple of
years? Do you think some of the debt problems will be solved? The market will be
healthy? Or do you think liquidity issues is something the company will have to grapple
with for some time?

A. (Bernard Schwartz) We have a lot of confidence going forward. It`s a tough time in
the market. Part of the market for expansion in the business will come from new
applications; and all of us in the industry have been waiting for the expansion of
broadband data as a requirement, which has come on slowly. I estimate it to continue to
come on slowly. I don`t see a great spike to come from that. But it will happen, and the
industry will benefit. The satellite manufacturing business we believe has a built in floor
in terms of replacement for existing satellites in the sky. We recognize there`s going to
be some small decrease. It`s not going to be a one for one replacement. The satellites
we put up are better, stronger. You could think that for every four satellites existing
today, there should be three replacements. The normal replacement was around 25-30
satellites a year. Without an impetus of new applications, there should be a constant
demand of something like 17-25 satellites worldwide. Under those circumstances we
think there`ll be an improvement in the overall satellite manufacturing business. There will
be some consolidation in the business going forward, I believe. There are five major
manufacturers today. I think it would not be unlikely that there would be three or four in
the future, and LOR expects to be one of those. If we don`t participate in the
consolidation in any way, we believe we have a very viable growth vehicle going
forward. The reason we have confidence in SS/L is because I think we are the only
manufacturer today making money in the manufacture of satellites. Since the beginning
of the space industry, I don`t think there has been one time when there have been no
awards for new satellites for N. America. Eventually it has to turn. The FSS business is
something else. But it will change, as more demand is made on the communications
infrastructure around the world. FSS will as an industry revive. We`re confident in that
business because it`s extremely profitable business. Even in this downturn we are turning
in profits. So we believe we are balanced in two good businesses that will get better
going forward. We understand that the leverage position on our balance sheet has been
the primary drag on our stock valuation. Resolving that issue can be done in several
ways. We have been successful in managing that so far. We will not give that up as a
primary objective until we get the debt into position so we can be again evaluated as a
performance company.

Q5. (Ty Carmichael, CSFB) On the manufacturing business, you mentioned at end of last
quarter that you thought two of the seven orders you`re targeting could occur in 2002,
and now you`ve pushed that out. What`s changed?

A. (Bernard Schwartz) Not sure we`ve pushed that out. But in November, we haven`t got
any yet. It makes it more difficult to say we`re going to get 1-2 this year. Those
opportunities are still there, they`re just moving out in time.

Q6. (Ty Carmichael, CSFB) Why have they slowed relative to your original expectations?

A. (Bernard Schwartz) The seven we previously identified are still viable. The list of
identified customers is much larger than seven. We were being conservative in including
the seven over the 18 month period that we had talked of. We still are confident to
complete the seven before 2003.

A. We haven`t lost any of the targeted awards. Nor have any of them been cancelled. All
that`s happening is that the customer is moving a bit slower than we anticipated. We`d
like to accelerate that. The timing of when the order is placed is within their control. We
continue to support these opportunities.

A. (Bernard Schwartz) Part of the problem that impacts the schedule, is that the
customers themselves are trying to push out the time of placing the orders as long as
possible because their own plans of configuration of the birds remains not quite fixed.
They`re trying to commit to the bird at the last possible moment to make certain of what
configuration would suit their purposes.

Q7. (Ty Carmichael, CSFB) Regarding the inclusion as part of the Raytheon team for the
navy deal, is there a time when you expect that to be awarded? If the Raytheon team
were to be effective, what would be the potential revenue impact for LOR?

A. The schedule on that is it`s in the first phase of a three phase program in which there
are two teams competing. The down select down to one team is scheduled to be made
in the January `04 period. Between now and then both teams are funded with $40m
concept definition contracts. We anticipate the second phase of the contract to kick in
during the 2004 time period. The value of the contract would be substantial, and that
would be for the initial satellite production. The third phase would be for the production
of the initial satellite until the whole [indiscernible] complete [phonetic ].

Q8. (Ty Carmichael, CSFB) This would be more like a 2H 2004 event, from a fundamental
perspective?

A. That`s probably a good number for planning purposes.

Q9. (Ty Carmichael, CSFB) On your launch schedule, what are the expectations for
Telstar 13. Any anticipation of material revenues in 2003, or will that be pushed to 2004?


A. We would expect some revenues in 2003. It depends on the economic upturn. That
bird is to supplement our T-beck [phonetic] capacity on T-7, and to be attractive to
cable operators. We`re talking to a consortium of potential cable operators to take some
substantial capacity on T-7 and T-13. The timing of that transaction is a little unclear
right now.

Q10. (Ty Carmichael, CSFB) Looks like your indefinitely postponing the launch of
Telstar-8? You`re talking about the completion of the satellite by the mid of 2003 and
then reconsidering whether you`ll launch it or not?

A. We are carefully gearing what we`re doing with satellite to satisfy the market demand
and existing customers` requirements. We`re going to complete the satellite as quick as
we can and launch at the most appropriate time. We have some flexibility as to when we
do launch it, because it isn`t replacing a bird that is out of fuel or fulfilling a new orbital
increase, it`s going to increase the robustness of our N. American broadcast fleet.

Q11. (Ty Carmichael, CSFB) Does the delay in the launch of that delay capital
requirements as well?

A. It will.

Q12. (Ty Carmichael, CSFB) What`s the amount?

A. In order to launch a satellite, and insure it, it costs in the neighborhood of $80-100m.

Q13. (Ty Carmichael, CSFB) Capex guidance for next year assumes that Telstar 8 isn`t
launched?

A. That guidance assumes it is not launched. But we have some flexibility. We have
some substantial deposits that haven`t been assigned to launches. Just because we got
a launch it doesn`t mean it`s new cash. Although it`s assigned as capex, once it gets
assigned to a new launcher.

Q14. (Ty Carmichael, CSFB) By not launching it, you would be able to push off some
cash outlay?

A. Absolutely.

Q15. (Ty Carmichael, CSFB) Is the Satmex still scheduled for launch in 1Q03?

A. Yes. In 1H03. The satellite is just going into at thermal-vax [phonetic] SS/L. So the
schedule is close between 1Q or 2Q as to when it will be ready for launch.

Q16. (Ty Carmichael, CSFB) What is your outlook for EPS for 4Q? What is the anticipated
equity investment in other in 4Q, and the loss associated with that, and also
depreciation and amortization?

A. (Bernard Schwartz) Depreciation and amortization should be for 4Q about $55m. The
equity losses will be about $18-19m.

Q17. (Ethan Schwartz, CRT Capital) What was Orion`s EBITDA for the quarter?

A. (Bernard Schwartz) $19.2m.

Q18. (Ethan Schwartz, CRT Capital) Why was it down $1.5m sequentially?

A. That goes along with what Bernard said about the industry, it was only down about
$1m. It was pretty good performance.

Q19. (Ethan Schwartz, CRT Capital) You mentioned the strength on Telstar 10. Talk
about the utilization and pricing on the different Orion birds?

A. We don`t do it by bird. But as we indicated previously, the Telstar 11 and 12 over the
N. Atlantic have experienced some weakness, which has been going on through the year.
The Asian market has remained stronger, so that`s a Telstar 10 bird. Pricing is pretty
similar to what we`ve seen across the fleet, which is about a 10% decline in pricing.

Q20. (Ethan Schwartz, CRT Capital) Can you give detail on how you plan to finance and
structure the investment in the Apstar satellite, particularly where are the launch
deposits you will monetize? Where will the remaining cash come from? And what
percentage of the new satellite will Orion own?

A. Haven`t finalized it yet. We are trying to complete that as quickly as we can. Orion
does not have any launch deposits. So the launch deposits that will be used will be
deposits that reside within Statescom [phonetic]. We`re trying to figure how best to use
the funding between Orion and Statescom to make those payments.

Q21. (Ethan Schwartz, CRT Capital) There`d be something like $27m of cash coming from
Orion initially?

A. No more than that. We`re trying to assess the best way to do it and what will create
the most value for us.

Q22. (Ethan Schwartz, CRT Capital) How much would it cost on an annual basis to bring
Orion into full compliance with the requirements under the 10% note indenture? About
25% of your carriers don`t cover Orion right now, and the rest is only for a 65% loss, but
the indenture requires everybody cover for 50% and above. If you wanted to go to that
level, broadly, on an annual basis, how much would it cost you?

A. That`s based on the past disclosure. The current situation in Orion is different and will
be fully disclosed in the 10-Q situation. We believe the satellite is fully in compliance
with all the bond indentures.

Q23. (Ethan Schwartz, CRT Capital) Do you now have above 50% across the board from
all your insurers on Orion?

A. With regard to the CTL, we have across the board a 50% constructive total loss.

Q24. (Jeff Gates, Gates Capital) How much of your cash balance is at the Orion level?

A. (Bernard Schwartz) You`ll see that in Q, next week.

Q25. (Jeff Gates, Gates Capital) Why can`t you tell us what the number is?

A. (Bernard Schwartz) It`s in the mid 20s range.

Q26. (Jeff Gates, Gates Capital) On the Apstar deal you talk of $57m payment prior to
launch, a split of cash and launch deposits. What is the split expected to be?

A. We addressed that in a previous question.

Q27. (Jeff Gates, Gates Capital) You didn`t give a precise number.

A. We`re in the process of determining that.

Q28. (Jeff Gates, Gates Capital) How much in launch deposits do you have?

A. It depends on which launch vehicle we use, we haven`t made final launch selection.
How much will be in launch will depend on which launcher we use.

Q29. (Jeff Gates, Gates Capital) On Telstar-11, how will you replace that satellite, given
the fact that Orion`s not really generating any excess cash today?

A. What we`ve done is expanded Orion`s Asian strategy with this Apstar transaction
which will add to the transponders which Orion has, thus the revenue generation
capability of Orion. We thought that a good investment for Orion in use of a little capital
for a lot of return at lower risk. On Telstar-11, we will evaluate that when appropriate. It
still has a useful life well into 2005. It`s only one of the smaller KU birds in our fleet. And
we`ll evaluate that over time.

Q30. (Steven Leonard, Morgan Stanley) Can you characterize the capacity utilization
differences between Telstar 4 & 5, and Telstar 6 & 7? Give general guidance as to which
are the stronger satellites and which the weaker?

A. The way to deal with this is to treat Telstar 4, 5 & 6 as a unit, because they`re all
within six degrees within the orbital arc, stretching from 89 degrees west to 95 degrees
west. The relative utilization of those generally doesn`t make much difference to the
customer. We try to utilize them based on creating neighborhoods and where there is
available capacity. Telstar 7 which sifted 129 degrees west is in a slightly different point
in the arc, and is used in different applications to T-4, 5 & 6. In general, the utilization
numbers for the Skynet fleet as a whole, which is 63%; if you average Telstars 4,5 & 6,
they`re slightly above that number. And Telstar-7 is a little below that number. But it
tends to vary as well. There isn`t a substantial significance quarter to quarter.

Q31. (Steven Leonard, Morgan Stanley) Can you give us the status on
ChinaSat[phonetic]?

A. (Bernard Schwartz) The situation is still unresolved, and the satellite is sitting in a
warehouse section of our factory. We have been speaking to the customer who
continues to show intense interest to take possession. He is encouraging us to be
proactive with our government to get the license. The government told us the issue of
export controls for satellites to China is a high agenda item between the two
governments. It was discussed at presidential level, but the last meeting was aborted
due to Korean issue, and they agreed to resume discussions on this hopefully in late
November. There is still positive energy being applied to finding a resolution that will free
up that satellite. We remain hopeful, though we recognize the customer can terminate if
he wishes to do so.

Q32. (Steven Leonard, Morgan Stanley) Do you have an option of re-selling that ahead
of the customer terminating, if you find a buyer?

A. (Bernard Schwartz) We have no option to do that. We wouldn`t do that; he`s been
very patient. We`ll just have to sweat it out until a resolution.

Q33. (Peter Kaminski, JM Heartwell [phonetic]) On restructuring, on your balance sheet,
where is the debt trading now?

A. We generally don`t comment on the prices of our debt in the market. It`s an over the
counter market you get from dealers. We have heard some of the bonds are in the 40
range.

Q34. (Hugh Stephenson [phonetic], UBS Paine Webber) On the money owed by
GlobalStar entity. The money owed to LOR is on an equal basis with all the other senior
creditors - there`s nobody else that is senior to them -

A. (Bernard Schwartz) That`s right.

Q35. (Hugh Stephenson [phonetic ], UBS Paine Webber) - if you had to give a guess on
the presumption of a restructured GlobalStar, what would be your guess as to the
percent of GlobalStar that the company might ultimately have as an equity interest,
20-30%?

A. (Bernard Schwartz) I`m reluctant for two reasons. One, I don`t know. Two, those
discussions are ongoing between the creditors. There`s a lot going on. We were informed
there have been considerations of some new investors in GlobalStar. The outcome of
those transactions will determine how much will be paid to the creditors; so I haven`t a
clue as to how it will come out.

Q36. (Hugh Stephenson [phonetic], UBS Paine Webber) Prior to GlobalStar`s filing, the
percent of the senior debt that LOR owned of GlobalStar, wasn`t that in the ball park of
20-30%?

A. (Bernard Schwartz) Yes.

Q37. (Hugh Stephenson [phonetic], UBS Paine Webber) That`s a reasonable starting
point, then it depends on whatever the variety of other factors are?

A. (Bernard Schwartz) I assume we will be treated along with the other creditors. But we
start out with that 20-30% number.

Q38. (Maurice Katz, Maurice Katz and Company) Has anyone approached you at all
about a merger or a buyout, are you talking to anyone about that, are you expecting
anyone to talk with you, what are the chances of anybody approaching you in the next
6-12 months, is a merger or a buyout a good idea for LOR and the stockholders?

A. (Bernard Schwartz) Sure. On the last part, I can`t tell if it`s a good idea, it depends
on stockholder value. I could not even approach whether saying if it`s a good idea unless
someone would put a number on a potential transaction.

Q39. (Maurice Katz, Maurice Katz and Company) Would you be willing to put a number?

A. (Bernard Schwartz) No, I`m not buying the company. These are assts that are
valuable in the environment and will continue to get more valuable in the future. The
major consideration would be the benefit to the shareholder. We are dedicated to do
what we can to improve shareholder price. And we won`t deviate from that. On merger
talk in past or future; I would doubt a week goes by without some of the principles and
with many interested banks are not speculating or talking about some transaction.
Happens all the time in this industry. But, we have not been approached with any
credible discussion about a merger. We have had discussions about joint venturing and
partitioning resources. But, nothing on the basis of the whole company as a unit

Q40. (Ray Clark, Grace and Financial [phonetic]) The company expects to ship 8-10
satellites in 2003. When are they going to go, 1Q, 2Q ... ?

A. I don`t have the schedule in front of me. But we are in the process of completing a
number of satellites which are likely to ship throughout the whole year. The next one to
be shipped will be EchoStar 9.

Q41. (Ray Clark, Grace and Financial [phonetic]) What are the revenue ramifications of
that, I guess you get paid on delivery?

A. We get paid both ways. We get milestone payments as we`re proceeding to work on
the contract. Typically as in many construction type contracts, there is a buyer hold
back which gets completed at the time of final delivery. That`s why we anticipate having
a good working capital year, because we will reduce assets off the balance sheet as we
ship these satellites.

Q42. (Ray Clark, Grace and Financial [phonetic]) Of the estimated seven new orders, is
that due to market share, or you`re being contacted by potential customers?

A. (Bernard Schwartz) No. These are specific opportunities, specific customers, slots,
and applications. What`s going on now with most of them is a discussion with the
customers of what configuration of KU and C-band, and other things that are preliminary
to progress on an order. These are bottoms up estimates.

Q43. (Ray Clark, Grace and Financial [phonetic]) Of that seven are you adding on the
two you were expecting at the end of this year? Could that be nine for this year?

A. (Bernard Schwartz) The seven includes the two. We`d hoped it would be something
like two and five. Now we think it`s going to be seven for the year.

Q44. (Ray Clark, Grace and Financial [phonetic]) With delisting from the NYSE clearly
pending, what is LOR looking to do to get stock price up to a level where you can stay
on the exchange?

A. (Bernard Schwartz) We intend to do whatever we can to stay on the exchange. I
won`t give you an answer now because it`s unnecessary. It will depend on the stock
market performance for the period, and where we are at the time we proceed toward mid
year making those deliberations.

Q45. (Ray Clark, Grace and Financial [phonetic]) A reverse stock split could be in order?

A. (Bernard Schwartz) That`s an option.

Q46. (Ray Clark, Grace and Financial [phonetic]) Do you still see the outlook on the
commercial business becoming stronger?

A. (Bernard Schwartz) Absolutely. If you consider this a base year, for example. And
there are 3-4 satellites ordered this year, and some 250 commercial satellites in the air.
Which would mean something like 25+ have to be considered for replacement each year.
Every year that passes without replacing is building demand for the future. There`s no
question that over the next 2-4 years there`s going to have to be a sharp increase in
order input in order to accommodate the communication systems now existing.

Q47. (Ray Clark, Grace and Financial [phonetic]) Are you likely to see more ventures into
the military side?

A. (Bernard Schwartz) I hope so. We`re putting some resources into that area. MUOS
was a good win. We are discussing with others in the field, in a partnering basis. These
things require a great time and effort investment. I hope we will begin to see a break in
that marketplace for us.

Q48. (Mark Bishop, Boston Company) On China, if you deliver that, is there money
coming in the door still?

A. (Bernard Schwartz) No, that satellite`s been paid for.

Q49. (Mark Bishop, Boston Company) So it`s a question of getting rid of the issues so
you wouldn`t have to - ?

A. (Bernard Schwartz) There is the possibility that there`ll be some additional
requirements from the customer if and when we ship that, as support of that bird. But
the bulk has been paid for.

Q50. (Mark Bishop, Boston Company) So you would have some additional revenue?

A. (Bernard Schwartz) Yeah, some additional support.

Q51. (Mark Bishop, Boston Company) What is the expected working capital for 2003?

A. (Bernard Schwartz) As high as $150m.

Q52. (Mark Bishop, Boston Company) What is the change this year?

A. We`re anticipating working capital change is about $100m for the year 2002.

Q53. (Mark Bishop, Boston Company) And then another $150m in 2003?

A. Yes.

Q54. (Mark Bishop, Boston Company) Is that a big change?

A. (Bernard Schwartz) Part of it comes from the liquidation of receivables. There is no
great schedule of certainty, for example: of the $150m next year, and the $100m this
year, it`s not improbable that part of next year will slip into this year. So for the two
years it will be about $250m. And for planning purposes, we`re putting $100m, and
$150m.

Q55. (Mark Bishop, Boston Company) So some of the $150m could move into 2002?

A. (Bernard Schwartz) I`m not predicting that. I`m just saying that within 2-4 months it`s
hard to be absolutely precise.

Q56. (Mark Bishop, Boston Company) It seems huge to me.

A. (Bernard Schwartz) It`s big. There are two items that are due to come in that would
be valuable.

Q57. (Mark Bishop, Boston Company) On debt restructuring: is there anything you can
do with the bank debt, or can you only buy the public debt?

A. (Bernard Schwartz) I`d prefer not to address that at this time. The implementation of
that desire depends on a lot of things, the timing etc.

Q58. (Mark Bishop, Boston Company) Can you review the debt that is due currently in
2003 and 2004? Has it changed?

A. No. We have no substantial debt maturities due until Jan. 05, and others are 2006 and
after. There is some amortization due over 2003 and 2004, and that is about $60m.

Q59. (Mark Bishop, Boston Company) I had $70m. So it`s $60m now in 2003? And what is
it in 2004?

A. It`s closer to $68m in 2003, and in 2004 it`s approx. the same. I`ll have to get that
number.

Q60. (Mark Bishop, Boston Company) You said there`s $100m for capex next year, does
that include capitalized interest expense?

A. (Bernard Schwartz) No it does not.

Q61. (Mark Bishop, Boston Company) How much is ground systems roughly?

A. (Bernard Schwartz) Not included in that number is about $25m. What we call
maintenance capex is not part of that satellite capex.

Q62. (Mark Bishop, Boston Company) So there`s $25m of maintenance, plus $100m of
satellites, and it doesn`t include capitalized interest?

A. (Bernard Schwartz) Right.

Q63. (Mark Bishop, Boston Company) When you talk about having $100m at the end of
next year, what kind of EBITDA would you have to have to get to that number?

A. (Bernard Schwartz) We`re not really projecting for next year any more than we have
before. You have most of the numbers that go in there - except for the EBITDA number
- you could probably work it out. We`re figuring flat for the projection of cash, in order to
be conservative.

A. I want to correct our amortizations in 2004: about $95m.

Q64. (Arman Musin [phonetic], Salomon Smith Barney) With respect to SS/L, how long
can you go if you don`t get any new orders before revenue starts to trickle off?

A. (Bernard Schwartz) We could probably get through next year without any difficulty.
We think we can get through 2003. If we got no orders at all until mid 2003, there would
be a little pressure on EBITDA, but we could keep the factory going okay.

Q65. (Arman Musin [phonetic], Salomon Smith Barney) Your projection of replacement
satellites has been 17-25. Are you including the military satellites in that?

A. (Bernard Schwartz) That`s only commercial satellites, about 250 of them flying today.

Q66. (Arman Musin [phonetic], Salomon Smith Barney) With about an average life span
of 15 years?

A. (Bernard Schwartz) They were earlier satellites, and they were getting about 12
years.

Q67. (Arman Musin [phonetic], Salomon Smith Barney) So 12 into 250 ...

A. (Bernard Schwartz) A little over 20.

Q68. (Sid Schuster [phonetic], Basic Investors) Considering the stock market and
economy, there is a contingent that wants a moratorium on stocks trading below $1.
Considering what is going on here. That would seem that you have a very long term
before you would even have to consider a reverse stock split. Are you aware of that?

A. (Bernard Schwartz) No, I`m not.

Q69. (Sid Schuster [phonetic], Basic Investors) Well, there is a situation that there is a
moratorium that is being considered by the SEC, considering many stocks trading below
$1 at this point. And in future, if someone wants to bring that up to you, you should find
out, because they are considering a moratorium if the company meets the other
qualifications, as far as their financials is concerned, not to be de-listed just because
their price is below $1.

A. (Bernard Schwartz) Broad question. I`ll try and be specific. I`m not aware of that
these discussions have to do with the NYSE -

Q70. (Sid Schuster [phonetic], Basic Investors) Lucent Technologies was below $1, and
they are on the NYSE, and it was one of the companies mentioned.

A. (Bernard Schwartz) The discussion is not relative to us. It would be considered by us
if it was applicable. The message we`re trying to give is that there is a value to be on
the NYSE, and we will we do what we can to maintain the listing.

Q71. (Sid Schuster [phonetic], Basic Investors) If you could have a caveat towards the
end of that saying you don`t anticipate that happening for a long time, that would stop a
lot of the nasty rumors that get started.

A. (Bernard Schwartz) I understand. I am willing to say to you that if there is a
moratorium, we will take advantage of it. If you can send us some data with respect to
that proposed discussion, it would be helpful.

Q72. (Jim Freeman, Elliot Associates) On an earlier question on Orion, you mentioned
that the cash balance was in the mid 20s range. Was that before any contribution for
the Apstar purchase?

A. Yes it is.

Q73. (Jim Freeman, Elliot Associates) Was there a reason for the decline of roughly $30m
QoverQ?

A. We had a sustainment in July.

[Gatsby2]

Fragestunde (Teil 2)


Q74. (Scott Cullen [phonetic], Cerberus) Could you describe a bit more about the
rationale of doing the satellite purchase at Orion, rather than LOR? Why was Orion
chosen to purchase the satellite vs. other parts of LOR?

A. Part of the operational reason is that this satellite would complement the Asian
strategy that LOR has in Telstar 10, which is an Orion satellite that is the Asian satellite
there. From an operational perspective, the most synergy is with the T-10 satellite that
already exists. We haven`t made the decision on how exactly we`re going to allocate this
purchase among the various divisions.

Q75. (Scott Cullen [phonetic], Cerberus) Is using part of Orion`s cash to purchase the
satellite still under consideration?

A. Yes. In all likelihood we will be using some of their cash. But on specifying how much
of that vs. how much deposit, we haven`t made that decision yet.

Q76. (Scott Cullen [phonetic], Cerberus) With the bank debt trading in the $0.60 range,
and the bonds in the teens, how are you going to finance the balance of the purchase?
Will it be all from internally generated cash? Is there any part that needs to be financed
externally?

A. We don`t contemplate any external financing. We are able to acquire the satellite in
pieces. So the subsequent purchases of the satellite are geared to as we see capacity
ramping up the satellite, and it will be funded from internal resources.

A. (Bernard Schwartz) The schedule of payments is tied into the number of transponders
that we take and immediately put into revenue. So unlike the building of a satellite where
you have to start making commitments two years in advance, and you pay for the entire
satellite, the insurance, etc, before it gets up there, and then the revenue stream has
to build up. We take advantage of the fact the transponders will be already up in the air.
The marketing effect will already have the benefit of transponders already at work, and
we don`t pay for our commitments on an installment basis, until we take control of those
transmitters. It`s a favorable cash structure for us.

Q77. (Scott Cullen [phonetic], Cerberus) Is it like vendor financing, where you`ve already
build the satellite and you`ve already paid for it, and you`re kind of - ?

A. (Bernard Schwartz) No. The customer had his order in for this and he wanted to tailor
his requirements to the capacity. He approached us on the basis that we would take on
the stuff he did not immediately need, and it was advantageous for us to say yes, and
factor that into reduction of future capital expenditures we would have to make to take
advantage of that opportunity. So we swapped the investment on favorable terms, and
perhaps a little bit pared down capacity.

Q78. (Myron Mantenoc [phonetic ], Eagle Rock Capital) Can you confirm you are in
compliance with all your bank covenants and will remain in compliance throughout 2003?

A. Yes, I can confirm that.

Q79. (Myron Mantenoc [phonetic], Eagle Rock Capital) How much cash came from
working capital for 3Q and what do you expect for 4Q?

A. Approx. $88m in 3Q; we also made capital expenditures on satellites of $74m, of
which $55m came off the balance sheet, not from cash. So you could construe that from
off the balance sheet in 3Q we got $130m of working capital, that is shown as capital
expenditures; it is cash expenditures.

Q80. (Myron Mantenoc [phonetic], Eagle Rock Capital) What do you expect for 4Q?

A. (Bernard Schwartz) About $80m as well.

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In the conference calls upon which Event Briefs are based, companies may make
projections or other forward-looking statements regarding a variety of items. Such
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forward-looking statements will be realized.


LOAD-DATE: November 8, 2002

[Gatsby2]

Press Release
Source: Loral Space & Communications


XTAR Completes Satellite Ground Control Architecture
Monday November 11, 12:46 pm ET

Agreements Reached with Spain`s INSA to Provide Ground Equipment and
Loral Skynet to Provide Telemetry, Tracking and Control Services

WASHINGTON--(BUSINESS WIRE)--Nov. 11, 2002-- XTAR, a joint venture between Loral
Space & Communications (NYSE:LOR - News) and HISDESAT, S.A., today announced that it
has completed the design of a unique, trans-Atlantic ground control system for its XTAR EUR
satellite.

XTAR has contracted with Ingenieria y
Servicios Aeroespaciales, S.A. (INSA),
a company owned by the Instituto
Nacional de Tecnica Aeroespacial`s
(INTA), to provide a total of two
6.3-meter X-band antennas, one
16-meter X- and S-band antenna and
related ground equipment to INTA`s
Maspalomas ground station in the
Canary Islands and HISPASAT`s
facilities in Arganda, Spain. In addition,
HISDESAT will provide on-site
maintenance and operations support at
the two redundant facilities.

Engineers at Skynet`s Hawley, Pa.
earth station will operate the XTAR EUR
satellite through parallel terrestrial and
VSAT connections to the Canary Islands` Maspalomas ground station. Backup telemetry,
tracking and control (TT&C) services will be provided from Skynet`s Three Peaks, Calif. earth
station and the Arganda site, near Madrid.

This unique system puts the TT&C of XTAR EUR into the experienced hands of engineers at
Loral Skynet`s premier satellite control facility, while satisfying the U.S. military`s operational
requirements. Currently, Skynet`s Hawley facility performs TT&C operations for more than a
dozen orbiting satellites, including Loral`s own Telstar fleet.

"XTAR continues to gain momentum as each piece of the business gets set in place," said Bill
Wright, president of XTAR. "Loral Skynet and INSA have developed a unique terrestrial/space
satellite control system that gives XTAR the advantage of using Skynet`s world-class staff and
facilities in the U.S. to operate a satellite orbiting over the Middle East."

XTAR EUR, to be launched in late 2003 into the 29 degrees East longitude orbital slot, is
currently under construction at Space Systems/Loral (SS/L), Palo Alto, Calif. The satellite is
based on SS/L`s space-proven 1300 platform, and will feature multiple steerable spot beams
that allow it to follow its users as they travel anywhere within the footprint of the satellite. The
satellites are designed to operate with existing and planned defense communications terminals
around the world.

"Our agreement with XTAR exemplifies the international cooperation between XTAR and Spain`s
space industries," said Fernando Gonzalez, Director General, INSA. "As a shareholder in
HISDESAT and contractor to XTAR, INSA is able to leverage its facilities and experience in
government satellite services to ensure the successful mission of the XTAR EUR satellite."

Together with HISDESAT`s SpainSat satellite, also under construction at SS/L, XTAR EUR will
be part of a network of commercial X-band services available for use by the U.S., Spanish and
other allied defense establishments. The two satellites will cover nearly two-thirds of the earth`s
surface, from North America to Southeast Asia.

XTAR, LLC is a new defense satellite communications company serving the communication
needs of U.S., Spanish and allied governments` operations. The company is a joint venture
between managing partner Loral, which owns 56%, and HISDESAT, the remaining shareholder.
XTAR is headquartered in Washington, D.C., and has offices in Madrid, Spain and Palo Alto,
Calif.

HISDESAT, S.A., headquartered in Madrid, is owned jointly by Hispasat, S.A., the Spanish
commercial satellite services company, and other leaders of Spain`s space industries -
EADS-CASA Espacio, INDRA, INSA and SENER. Hispasat has been providing X-band services
to the Spanish Ministry of Defense since 1992 and with this new project, HISDESAT will
provide enhanced capabilities, including X and Ka-band, for defense applications.

Loral Space & Communications is a high technology company that concentrates primarily on
satellite-based services and satellite manufacturing, including broadcast transponder leasing
and value added services, domestic and international corporate data networks, broadband data
transmission and Internet services. For more information, visit www.loral.com.

This document contains forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended. In addition, Loral Space & Communications Ltd. or its representatives have made
or may make forward-looking statements, orally or in writing which may be included in, but are
not limited to, various filings made by the company with the Securities and Exchange
Commission, press releases or oral statements made with the approval of an authorized
executive officer of the company. Actual results could differ materially from those projected or
suggested in any forward-looking statements as a result of a wide variety of factors and
conditions which are described in the section of the company`s annual report on Form 10-K for
the fiscal year ended December 31, 2001, entitled "Certain Factors That May Affect Future
Results," and the company`s other filings with the Securities and Exchange Commission. The
reader is specifically referred to these documents.

[Micky_Maus]

Na, hier ist aber einer dick investiert.

Loral hat sich vom Tief her ja fast verdoppelt, die Quartalszahlen (211 Mio $ Umsatz, 43,7 Mio $ Verlust) waren aber recht lau.

Kleine Wette gefällig, etwa
Internap Network Service vs. Loral Space + Communication
Wer zuerst bei 1$ notiert, hat gewonnen. Ist ja noch ein schönes Stückchen hin. Mal sehen, wer zuerst schlapp macht.

Werde bei Gelegenheit meinen Thread: ++INTERNAP (Nasdaq: INAP) ++die 2.Chance wieder beleben.

Gruß Micky

[Gatsby2]

Micky, schön mal wieder von Dir zu lesen.

Loral war ja -ebenso wie dieser Thread- eigentlich Deine Idee, und nachdem ich letztes Jahr am 22.11. so schäbig ausgestoppt wurde, versuche ich es halt nochmal. Leider hat die erneute Verschiebung der Verhandlung über den Sanierungsplan von Globalstar meinen Fahrplan ein wenig durcheinandergeworfen, denn den schnellen Euro hatte ich eigentlich eher dort vermutet, um dann aus den Gewinnen LOR nachkaufen zu können.

Eine neue Wette wäre natürlich ganz reizvoll, aber ich muß erstmal ein wenig über INAP lesen. Im übrigen unterläge eine solche Wette gewissen Wettbewerbsverzerrungen, denn LOR muß zum Erhalt des Listings an der NYSE bis etwa Ende März den runden Dollar erreicht haben. Dementsprechend klang auch im Conference Call schon an, daß ein Reverse Split eine durchaus realistische Möglichkeit ist. Obwohl ich eigentlich eher glaube, daß sie das auch aus eigener Kraft schaffen.

Die Aussichten für eine Auslieferung von ChinaSat8 stehen angesichts des kommenden Sino-Amerikanischen Gipfels nicht schlecht, und sollte Präsident Bush tatsächlich im Irak militärisch intervenieren, werden kurzfristig erhebliche Satellitenkapazitäten benötigt, was sowohl den Fixed Satellite Services von Loral, als auch Globalstar zugute kommen könnte.

Apropos Auslieferungen -- es gibt bald wieder eine:

Press Release
Source: Loral Space & Communications


Optus C1 Completes Last Major Milestone On Road to Launch
Monday November 11, 3:33 pm ET

PALO ALTO, Calif.--(BUSINESS WIRE)--Nov. 11, 2002--Space Systems/Loral (SS/L), a
subsidiary of Loral Space & Communications (NYSE: LOR - News), today announced that the
Optus C1 communications satellite has completed passive intermodulation (PIM) testing - the
last major milestone prior to launch.

SS/L has performed system level integration and
testing of Optus C1 under contract from Mitsubishi
Electric of Japan for SingTel Optus of Australia.

PIM testing evaluates a satellite`s ability to avoid
interference between operating frequency bands,
ensuring that the communications payload will
operate as designed. The test is important for
Optus C1 because its communications payload
operates in four different frequency bands -
commercial services at Ku-band for Optus, and
military communications at UHF, X- and Ka-bands
for the Australian Department of Defence. The test
was conducted at the David Florida Laboratory in
Ottawa, Canada.

Optus C1 will be one of the most advanced
communications satellites ever built, carrying a
total of 16 antennas that will provide 18 beams
across Australia, New Zealand and the Asia-Pacific
region, as well as global beams covering from India
to Hawaii. Optus C1 is scheduled for launch aboard
an Ariane rocket in early 2003.

Space Systems/Loral is a premier designer,
manufacturer, and integrator of powerful satellites
and satellite systems. SS/L also provides a range
of related services, including mission control
operations and procurement of launch services. Based in Palo Alto, Calif., the company has an
international base of commercial and governmental customers whose applications include
broadband digital communications, direct-to-home broadcast, defense communications,
environmental monitoring, and air traffic control. SS/L is ISO 9001 certified. For more
information, visit http://www.ssloral.com.

Loral Space & Communications is a high technology company that concentrates primarily on
satellite manufacturing and satellite-based services, including broadcast transponder leasing
and value added services, domestic and international corporate data networks, broadband data
transmission, and Internet services. For more information, visit Loral`s web site at
http://www.loral.com.

This document contains forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended. In addition, Loral Space & Communications Ltd. or its representatives have made
or may make forward-looking statements, orally or in writing which may be included in, but are
not limited to, various filings made by the company with the Securities and Exchange
Commission, press releases or oral statements made with the approval of an authorized
executive officer of the company. Actual results could differ materially from those projected or
suggested in any forward-looking statements as a result of a wide variety of factors and
conditions which are described in the section of the company`s annual report on Form 10-K for
the fiscal year ended December 31, 2001, entitled "Certain Factors That May Affect Future
Results," and the company`s other filings with the Securities and Exchange Commission. The
reader is specifically referred to these documents.

Note: A photo is available at URL:

http://www.businesswire.com/cgi-bin/photo.cgi?pw.111102/bb6

[Gatsby2]

Nur 800.000 Euro, aber Kleinvieh macht ja auch Mist:

Distance learning on restoration of buildings

written by MM News - 13 Nov, 2002

The Malta Centre for Restoration (MCR) in its capacity as the Contracting Authority
for the EU-funded IKONOS Project, signed a contract with Loral Cyberstar Europe,
one of the leading suppliers of satellite-based services world-wide, to provide the
telecommunication system for an innovative distance-learning project in conservation
education.

The contract has been awarded after an international call for tenders published in
Brussels on the 8th June 2002 and a full selection procedure administered under EU
regulations. The IKONOS project, at over 3 million Euros, is one of the largest
EU-funded projects to be designed, won and administered by a Maltese organization
which would act as the Contracting Authority for the 8-country consortium involved.

The contract has been signed by Chris Chaney, Senior Vice President for Cyberstar
Europe, based in the UK, and Dr. Joseph A. Cannataci, Chairman of the Board of
Governors of the Malta Centre for Restoration and Project Director for IKONOS. Mr.
Chaney was accompanied by Herbert Josef Reska Vice President for Cyberstar
Europe, based in Germany and Stefano Necci, regional sales director for Italy and the
Mediterranean region.

The contract value is for 800,000 Euros and will see the Malta Centre for Restoration
established as a hub for transmission of conservation education programmes via satellite
to all over the Mediterranean region with a special emphasis on North Africa.

Cyberstar Europe won the contract against stiff competition from the leading
international companies operating in the sector. Cyberstar is a leading satellite provider
of high-quality data, voice, video, and Internet backbone delivery to multinational
enterprises and service providers such as carriers and Internet service providers (ISPs).
Using its global IP multicast network, CyberStar quickly and efficiently distributes
multimedia and data-intensive content around the world via innovative high-speed
satellite links that avoid network congestion, Internet bottlenecks, and underdeveloped
infrastructure.

IKONOS marks the first time that such advanced satellite technology is being used to
deliver distance learning in conservation education. The concept has been totally
developed in Malta by MCR. The project will take off with 11 institutions in 8 countries
in Europe and North Africa.

MCR has also initiated an e-Heritage project that was published in Brussels and which
is already attracting new partners for the next round of applications for EU funds.

[Gatsby2]

Reuters
INTERVIEW-Mexico`s Satmex bets on new Latam satellite in `03
Tuesday December 3, 12:21 pm ET
By Pablo Garibian


MEXICO CITY, Dec 3 (Reuters) - Mexican satellite communications company Satmex is betting its planned launch next year of a new satellite with hemispheric coverage will open doors to more clients, especially in Latin America where demand is high after a two-year lean period.
ADVERTISEMENT


Satmex, 49 percent owned by Loral Space & Communications Ltd. (NYSE:LOR - News), is now scheduled to send into orbit its Satmex VI satellite mid-May 2003, a tad later than the originally planned Feb. 15, launch date, eyeing new clients with its reach from Alaska to Tierra del Fuego

"The last two years have been difficult for us because we have lacked capacity. Were we have hemispheric capacity, in Satmex V, we could not sell any more because that satellite is full," Cynthia Pelini, Satmex`s vice president of finance and administration, told Reuters in an interview on Monday.

"The Mexican market is also suffering because the economy has not been as robust as expected. What we are lacking is having Satmex VI in orbit ... because that will allow us to have new clients outside Mexico where there is still demand, where there is growing demand."

Satmex, with another 26 percent held by a group of Mexican investors and the rest in the hands of the government, has three satellites in the sky.

Morelos II is an investigation satellite and not used commercially, Solidaridad II is focused mainly on the Mexican market and Satmex V, launched in 1998, is its regional satellite.

LARGER SLICE OF THE PIE

Satmex, which already makes 60 percent of its revenues outside Mexico, is bent on making that an even larger slice of the sales pie by concentrating its efforts in Latin America, but outside Mexico which, according to industry specialists is overcrowded.

Competitors include PanAmSat Corp. (NasdaqNM:SPOT - News) and Intelsat, which is focused on the Latin American market.

"There are market opportunities in Central America, in Argentina, in the Caribbean, but Solidaridad II does not reach these areas. Its reach is not that big," said Pelini, who also highlighted Brazil as market Satmex wanted to tap.

Two lean years, especially in Mexico where the country is struggling to recover from recession, meant that Satmex has cut back on staffing levels -- the payroll was reduced 20 percent in 2001 and other benefits have been shaved too.

"We have to continue to tighten our belt," said Pelini. "We have managed our expenses in a very responsible way to date ... rates are low which are helping us a great deal and we have to launch Satmex VI to grow again."

Satmex is investing $300 million in its new satellite -- a huge chunk of the money coming from an insurance payout after its Solidaridad I satellite failed in 2000. Pelini hopes Satmex VI will boost the client numbers to 300 from 200, currently.

"We should have a good idea about the attractiveness of Satmex VI by the final quarter (of 2003) and in 2004 we should be raking in more revenues," Pelini said.

[Gatsby2]

Sea Launch Rocket Selected to Launch Apstar 5

By SAM SILVERSTEIN
Space News Staff Writer

HONG KONG — APT Satellite Co. Ltd. and Loral Space & Communications Ltd. have picked a Sea Launch rocket to launch their Apstar 5 telecommunications satellite in late 2003, according to industry sources.

The launch contract, which one source said could be announced within a week or two, would end a two-year saga that began when APT first ordered the spacecraft from a unit of New York-based Loral.

The Apstar 5 construction contract, signed in January 2001, stipulated that the craft be launched aboard a Chinese Long March rocket. But Loral was unable to obtain U.S. government permission to ship the 1300-model satellite to China, and at one point faced the prospect of losing the contract and having to pay penalties to APT, a Chinese government-controlled concern based here.

[Gatsby2]

Der gute alte Bernie Schwartz scheint ja in 2002 gut verdient zu haben:

UPDATE - Loral Space CEO to sell $1.9 mln worth of shares
Tuesday December 17, 1:40 pm ET


(adds reason for sale, paragraph 3)
WASHINGTON, Dec 17 (Reuters) - Loral Space & Communications Ltd.`s (NYSE:LOR - News) chief executive on Tuesday said he was planning to sell about $1.9 million of the satellite communications firm`s shares, according to a regulatory filing.

The 3.7 million shares were bought in chunks on the open market between April 1996 and October 2000, according to a chart that Bernard Schwartz, Loral`s chairman and chief executive, filed with the Securities and Exchange Commission document.

Schwartz is selling the shares for "tax considerations," a company spokeswoman told Reuters.

"He intends to restore his position in January," she said.

New-York based Loral sells satellites and satellite communications services. Its stock traded down 7.5 percent, or 3 cents, to 37 cents on the New York Stock Exchange on Tuesday.

[Micky_Maus]

Das erklärt wohl den Abschlag heute. War sicher kein gutes Geschäft für Bernard, aber beim Blick auf sein Alter verständlich.

Hatte Loral zuletzt nicht mehr auf dem Radar, ist mir zu riskant (hohe Schulden, wenig Cash, lfd. Verluste).

Bin dafür wieder an CALP dran.

Gruß Micky

[Gatsby2]

"Hohe Schulden, wenig Cash, lfd. Verluste" ... klingt fast so, wie seinerzeit bei Lockheed.

Vielleicht sollte man LOR doch noch nicht so vorschnell abschreiben.

Loral Space & Communication... (NYSE: LOR) Last Update: 7:50:00 AM ET Dec 18, 2002

Integral Systems Awarded Contract to Provide the Ground System for the SPAINSAT Satellite


Company`s First Contract for HISPASAT

LANHAM, Md., Dec 18, 2002 /PRNewswire-FirstCall via COMTEX/ -- Integral Systems, Inc. (ISYS) today announced that Madrid, Spain-based GMV has awarded the company a contract to provide the primary and backup control systems for the SPAINSAT satellite. This satellite is being procured by HISDESAT from Space Systems/Loral (SS/L), Palo Alto, Calif., and will be operated by HISDESAT.

The SPAINSAT Satellite control system will incorporate several elements of Integral Systems` EPOCH 2000 product line, including the EPOCH 2000 command and control software and the TRECS (Transponder Reconfiguration System) payload reconfiguration software. TRECS is a recent addition to the Integral Systems product line, which was first introduced in 1992 as the world`s first Commercial Off-The-Shelf (COTS) command and control software suite for satellite and fleet operators.

The SPAINSAT Control Software will be built in close cooperation between the European subsidiary of Integral Systems and GMV, S.A.

"While this is Integral Systems` first satellite control system delivery to HISDESAT and our first contract in Spain, our subsidiary, SAT Corporation, has had a long-standing relationship with HISPASAT, the HISDESAT major shareholder. We are very pleased to be working with HISDESAT on this program and to expand our corporate relationship with them to include our command and control products," said Stuart Daughtridge, Vice President of the Commercial Division at Integral Systems.

"We are extremely pleased by this new contract in Europe, and we are looking forward to working in close cooperation with GMV and SS/L to satisfy HISDESAT," explained Bruno Dupas, President of Integral Systems Europe S.A.S. "This contract continues our expansion into European markets and demonstrates our ability to work with local partners."

Integral Systems has also supplied satellite ground systems to the National Aeronautics and Space Administration (NASA), the National Oceanic and Atmospheric Administration (NOAA), the U.S. Air Force, the U.S. Navy, the Johns Hopkins University Applied Physics Laboratory (JHU/APL), Loral Skynet, Newskies Satellites, Echostar, Sirius Satellite Radio, Binariang Satellite Systems, Shin Satellite Public Company Ltd., GE Americom, Optus, ChinaSat, EOSAT, Alcatel, EUMETSAT, TRW, the Republic of China (ROCSAT), and Orbital Sciences, among others.

[Gatsby2]

Was die US-Regierung bestimmten Leuten gerade noch mal mit auf den Weg geben wollte...!

Reuters
US: Boeing, Hughes Helped China Illegally
Wednesday January 1, 5:24 pm ET


WASHINGTON (Reuters) - The State Department said on Wednesday it had charged Hughes Electronics Corp. and Boeing Co.`s Satellite Systems unit with illegally sharing sensitive space technology with China in the 1990s that may have helped Beijing fine-tune its missiles.

The companies, which have long denied any wrongdoing in the case, were formally charged on Thursday with 123 violations of the Arms Export Control Act and the International Traffic in Arms Regulations, said Lou Fintor, a department spokesman.

He said he did not know whether the 123 violations applied to each of the companies or represented a combined total.

Boeing and Hughes faced fines of up to $500,000 per charge and possible bars to getting U.S. export licenses if found guilty of the charges by a federal administrative judge and later, by a top State Department official, Fintor said.

Spokesmen for the companies did not return phone calls about the case, which began with a series of failed space launches in China starting in January 1995.

But the Washington Post, the first to report on the charges, quoted Robert Marsocci, a Hughes Electronics spokesman, as saying: "We`re in negotiations with the State Department, and we`ll be reviewing our options."

The State Department laid out its allegations in a Dec. 26 "charging letter" that was filed without public notice in the department`s public reading room. The reading room was closed on New Year`s Day.

Hughes officials are alleged to have given China detailed information about rocketry to help them figure out why their rockets were failing soon after launch.

Loral Space & Communications Ltd. announced last January that it agreed to pay $14 million in fines to settle charges that it had provided sensitive data to China after a Chinese rocket carrying a Loral satellite blew up in 1996.

Loral neither admitted nor denied wrongdoing but agreed to pay $14 million in civil fines and spend $6 million over seven years to improve its compliance procedures.

"The department has had several rounds of discussion with Hughes and Boeing to explore a resolution similar to the one with Loral," Fintor said.

"We can note, however, that unlike Loral, Hughes and Boeing have both failed to recognize the seriousness of the violations and have been unprepared to take steps to resolve the matter, and to ensure no recurrence of violations in the future," he said.

Boeing is the top U.S. exporter and the third-biggest U.S. defense contractor after Lockheed Martin Corp. and Northrop Grumman Corp.

In 2000, Boeing bought Hughes Electronics` satellite operations, the outfit alleged to have committed the arms-export violations with China. Hughes Electronics, the old parent corporation, now describes itself as the world`s leading provider of digital television entertainment.

[Gatsby2]

Was für eine interessante Nachricht! Sollten sich die Chinesen mit ihrem politischen Druck durchsetzen, würde das nicht nur zur lange überfälligen Auslieferung von Chinasat 8 -der fertig bei Loral auf Lager liegt-, sonder vermutlich zu einer Flut von Folgeaufträgen führen.

Reuters
China says charges against Boeing, Hughes laughable
Tuesday January 7, 6:04 am ET
By John Ruwitch


BEIJING, Jan 7 (Reuters) - China on Tuesday dismissed U.S. charges that Hughes Electronics Corp (NYSE:GMH - News) and Boeing Co`s (NYSE:BA - News) Satellite Systems illegally shared sensitive space technology with Beijing, calling the accusations "laughable".

A Foreign Ministry spokeswoman said China had no need or ability to acquire satellite, rocket or missile technology from American firms.

The accusations against the companies, levelled by the U.S. State Department, coincided with China`s successful launch and return to earth of its fourth unmanned spacecraft and preparations for a manned mission later this year.

"We think accusations that U.S. companies inappropriately transferred technology to China by their use of Chinese carrier rockets are not consistent with reality and are laughable," Foreign Ministry spokeswoman Zhang Qiyue told reporters.

The State Department accused Hughes and Boeing earlier this month of passing technology to China in the 1990s that may have helped Beijing fine-tune its missiles.

The two companies, which have denied any wrongdoing, have been charged with 123 violations of the Arms Export Control Act and the International Traffic in Arms Regulations.

In a similar case, Loral Space & Communications Ltd (NYSE:LOR - News) agreed to pay $14 million in fines to settle charges it provided sensitive data to China after a Chinese rocket launching a Loral satellite blew up in 1996.

Loral neither admitted nor denied wrongdoing but agreed to pay $14 million in civil fines and spend $6 million over seven years to improve its compliance procedures.

A "charging letter" from the State Department said Hughes officials gave China detailed information about rocketry to help them figure out why their rockets were failing soon after launch.

A prominent Chinese rocket scientist also railed against the U.S. accusations, saying China`s space programme was self sufficient. Beijing is now preparing to become the world`s third nation to launch a man into space, after the Soviet Union and the United States in the 1960s.

Wang Decheng, a rocket specialist and chief designer of China`s "Long March" LM-2E rocket, was quoted in the Yangcheng Evening News on Monday as saying the charges merely showed how little the United States knew about China`s space programme.

"Our space programme has been developed with total reliance on our own efforts. The Americans completely lack an understanding of China`s space technology," Wang said.

Boeing and Hughes face fines up to $500,000 per charge and possible bars to getting U.S. export licenses if found guilty of the charges by a federal administrative judge and later by a top State Department official.

Boeing, the top U.S. exporter and the third-biggest U.S. defense contractor after Lockheed Martin Corp and Northrop Grumman, acquired Hughes satellite business in 2000.

Boeing has said the charges related to events in the 1990s when Hughes was under different management.

[Gatsby2]

Reuters
Mexico`s Satmex delays satellite launch again
Friday January 17, 12:47 pm ET
By Fiona Ortiz


MEXICO CITY, Jan 17 (Reuters) - Mexican satellite communications firm Satelites Mexicanos (Satmex) has delayed for a second time the launch of what will be the most powerful telecommunications satellite ever put in orbit over the Americas.
ADVERTISEMENT


Satmex said it needs to do more testing on the Satmex 6 satellite, being built by Loral Space & Communications Ltd. (NYSE:LOR - News).

The satellite was originally scheduled to be launched next month. The launch was first delayed until May, and now it has been pushed back to somewhere between August and September. The debt-strapped company is banking on the wide footprint of Satmex 6 -- its signal will reach from Alaska to Tierra del Fuego -- to generate new business.

"The satellite is already paid for. (The launch delay) has nothing to do with cost," Arturo Gonzalez-Arquieta, Satmex vice president of operations and corporate communications, told Reuters on Thursday.

Gonzalez said there had been some redesign of the satellite during construction and additional testing was necessary. He said a third-quarter launch was "pretty firm."

Satmex, 49 percent-owned by Loral, has a total debt of $530 million and is in the process of restructuring its finances. Loral has been hurt by a drought in telecom spending itself.

Standard & Poor`s Ratings Services has had Satmex on Credit Watch with negative implications since November 2002 due to concerns that the company could exhaust its remaining liquidity in 2003, given the potential for continued industry weakness.

The loss of major client Innova -- the Mexican arm of direct television operator Sky which migrated to a PanAmSat (NasdaqNM:SPOT - News) satellite -- and general market weakness contributed to a 36 percent decline in Satmex revenue in the first nine months of 2002 compared with the same period a year earlier.

Satmex 6 will cost $300 million to build, insure and launch. Some $240 million of the cost was covered with an insurance payment that Satmex got when its Solidaridad I satellite failed in January 2001.

[Micky_Maus]

Hab mal ein wenig im Yahoo-Board gelesen, weil ich über eine Investition in LOR nachdenke. Aber dort steht zu 90% nur Müll.

An einen Deal mit LMT glaubt wohl keiner mehr so recht, da hat der gute Bernie Schwartz versagt. Irgendeiner berichtet, EADS oder PanAmSat (SPOT) könnte an einem Joint-Venture oder Merger interessiert sein, letztere aber wohl nur an SatMex.

China könnte Loral wohl schon retten, wären da nicht die mißtrauischen Beschränkungen vom State Department.

Also alles nur Schall + Rauch...
Mal sehen, wie es weitergeht. Ein Reserve-Split ist ohnehin bald fällig, will man nicht im OTC landen. aktuell bei 0,37$

[Gatsby2]

Micky, das Yahoo! Board lese ich eigentlich regelmäßig und kann Deinen Eindruck nur bestätigen. Die sind eigentlich nur dabei, sich zu kloppen, wobei es ein wenig den Anschein hat, als seien dort einige Basher mit Mehrfach-ID`s am Werk.

Die Geschichte mit China bedarf vielleicht noch einer kleinen Ergänzung: Im Gegensatz zu Boeing und Lockheed, die ebenfalls an der seinerzeitigen Geschichte mit dem Verkauf angeblich sensibler technischer Daten an China beteiligt waren, hat Loral ohne Anerkennung einer rechtlichen Verpflichtungen ein Bußgeld gezahlt und in der Folgezeit organisatorische Veränderungen zum Ausschluß derartiger Pannen unternommen. Dies hat das State Department jüngst auch ausdrücklich anerkannt, so daß von dieser Seite her die administrativen Hindernisse behoben zu sein scheinen. Günstig ist auch, daß die chinesische Regierung letztens einen offiziellen Protest gegen das Exportverbot für China-Sat 8 eingelegt hat.

Eine Lockerung bzw. Aufhebung dieses Verbots würde für Loral unmittelbar wenig bedeuten, denn China-Sat 8 ist bereits seit langem bezahlt und liegt zur Auslieferung bereit. Mithin würde eine Übergabe des Satelliten an China lediglich eine Rückstellung für drohende Verbindlichkeiten in Höhe von rd. $38 mio. aus den Büchern eliminieren. ... Eine andere Frage ist indes, inwieweit dann Folgeaufträge eingingen, denn China hat einen sehr hohen Bedarf an Kommunikationssatelliten.

Im übrigen steht in den kommenden Wochen noch ein kleiner Aktienrückkauf seitens des CEO an, der Ende Dezember aus steuerlichen Gründen ~ 4,5 mio Aktien verkauft hat. Die Absicht des Rückkaufs ist offiziell bei der SEC eingereicht worden.

Es bleibt also spannend.

[Gatsby2]

Sorry, Fehlerkorrektur:

China-Sat 8 hat $138 mio gekostet.

[Gatsby2]

Loral Sees Enough New Asian Business To Stay Busy
HONOLULU-- Jan 21, 2003 (Satellite Today/PBI Media via COMTEX) --

The Asian market will be good for up to six new commercial satellite orders over
the next 24 months, according to projections from two key executives of Loral
Space and Communications [NYSE: LOR] at the Pacific Telecommunications
Conference here this week.

Paul Davis, president of Loral Asia-Pacific, and Tony Colucci, Space
Systems/Loral (SS/L) vice president for sales and marketing, predicted that two
new Asian operators would emerge during the same period, offering enough
potential business to "keep us interested." SS/L plans to deliver between 7 and
10 satellites this year.

The digital audio radio service (DARS) applications now spreading in the United
States will power some of the demand in the Asia-Pacific, Davis said. He also
said that so-called "condosats," satellites carrying capacity for a consortium
of independent operators, would increasingly become popular, particularly in
areas or situations where the capacity of a regular vanilla spacecraft might
exceed the requirements of a single participant. Broadband applications, Colucci
added, might also be significant in spurring Asian demand.

Satellite Today, Vol. 2, No. 9 [Copyright 2003 PBI Media, LLC. All rights
reserved.]

[Gatsby2]

Off topic ... oder doch nicht?

INTERNET SPACE

Countdown To Internet In The Air

spam at 30,000 feet coming your way real soon
New York - Jan 22, 2003
The first British Airways aircraft carrying the inflight internet system Connexion by Boeing is on target for its first flight date of Feb. 18, 2003. British Airways engineers have been working around the clock to equip the Boeing 747-400 with the technology that will allow customers to access the internet, e-mail and their corporate intranets at 35,000 ft.
An antennae that will send and receive the signals from a satellite has been fitted to the outside of the aircraft. The server, through which the data is transferred, resides in an equipment rack fitted into the ceiling of the aircraft.

More than 15,000 feet of cabling will run through the internal walls of the fuselage, into the seats, and up to the internet connection points in the arm rests in First and World Traveller Plus and by the laptop plug in the Club World flat beds.

The trial will take place over three months on a Boeing 747-400 aircraft operating the London Heathrow to New York route.

The technology could also provide British Airways with the capability to broadcast live television and radio shows -- all in flight. The new system will allow travelers to send real-time e-mails at ten times the speed of traditional e-mail connections.

Martin George, director of marketing for British Airways, said: "We are very excited about the Connexion by Boeing trial due to start on February 18, 2003 as this signifies a genuine innovation and a real benefit for our travelers.

"Not only can passengers surf the internet while on board but they can send and receive real-time e-mails and access their corporate networks. With our research showing that 75 per cent of business travelers take laptops on board with them and most of those who carry laptops are interested in having internet access during a flight we are confident that the trial will be a success."

[Gatsby2]

Dow Jones Business News
Lockheed Will Pay $1.4 Million to Settle Loral Suit
Thursday January 23, 6:21 pm ET
By Mark Wigfield


WASHINGTON -- Lockheed Martin Corp. (NYSE:LMT - News) will pay $1.4 million to settle allegations that its predecessor, Loral Space & Communications Ltd. , defrauded the Air Force, the Justice Department said Thursday.

A suit filed by a whistleblower on behalf of the government charged that Loral inflated cost estimates during contract negotiations, which inflated the contract price and the amount Loral was paid. Under its 1992 contract with the government, Loral updated flight training simulation programs.

The lawsuit predates Lockheed`s 1996 purchase of all but the satellite operations of Loral Corp., which became Loral Space & Communications. The business unit that won the contract was Loral Defense Systems, now Lockheed Martin Naval Electronics in Akron, Ohio.

Lockheed spokeswoman Meghan Mariman said: "Lockheed Martin denies any improper conduct. We are settling the lawsuit to put the matter behind us to focus on performing on current contracts and winning new contracts."

Whistleblower Glen Heiser, a former Loral employee, will receive $275,000 under the False Claims Act, under which whistleblowers can receive up to 25% of the government`s recovery.

[Gatsby2]

Klein, aber fein:

Dow Jones Business News
Loral Space Chairman Schwartz Buys 750,000 More Shares
Tuesday January 28, 2:06 pm ET


WASHINGTON (Dow Jones)--Loral Space & Communications Ltd. Chairman and Chief Executive Bernard L. Schwartz bought 750,000 more shares of the company`s common stock Thursday, according to a Form 4 released Tuesday by the Securities and Exchange Commission.
Schwartz bought the shares for 39 cents to 41 cents a share. After the transactions, he directly owned 1.39 million common shares and indirectly owned 166,211 common shares.

Schwartz bought 800,000 shares last Tuesday and Wednesday.

Shares of Loral Space, New York, recently were unchanged at 42 cents.

[ustrading]

Der gute Bernard kauft doch auf seine Tage nicht noch (groß) weiter LOR Aktien ohne etwas in der Hinterhand zu haben. Bin heute mal rein - mal sehen was in den nächsten Tagen kommt.

[Gatsby2]

Na, ustrading, der gute alte Bernie hat im Dezember -angeblich aus steuerlichen Gründen- auch fett abgeladen, nämlich 4,5 mio Stück.

Wenn er allerdings am Dienstag und Mittwoch nur 800k gekauft haben will, dann wüßte ich zu gern, wer den Rest der Woche so gekauft hat. Speziell am Mittwoch konnte man nämlich ein richtig cooles Pokerspielchen beobachten. Und die Umsätze von heute sind ja auch nicht gerade von der Hand zu weisen.

[HetfieId]

Danke Gäts!

[Gatsby2]

Es war mir ein Vergnügen, Hete

[ustrading]

und er kauft weitere 1,4Mio. Aktien


@Gatsby2 das mit den 4,5Mio. müßte doch aber mit in den Filings stehen ?

[Gatsby2]

ustrading, da müßte es auch stehen, wobei die Verkäufe durch eine Pressemitteilung angekündigt war, die ich auch weiter unten im Thread gepostet habe.

Die Käufe findest Du mit einer Zeitverzögerung von 5 - 7 Handelstagen hier:

http://biz.yahoo.com/t/l/lor.html

[Gatsby2]

Sollte Bernie Schwarz seinen Aktienrückkauf mal wieder bestens getimt haben?

Reuters
RPT-UPDATE - New Valley ends plan to rescue Globalstar
Thursday January 30, 11:05 am ET


(Fixes typo in first paragraph)
MIAMI, Jan 30 (Reuters) - Investment group New Valley Corp. (NasdaqSC:NVAL - News) said on Thursday it had terminated a $55 million agreement to acquire a controlling stake in Globalstar LP and help the satellite telephone company emerge from bankruptcy.


New Valley said it was ending its plan to provide debtor-in-possession financing and infuse Globalstar with funds because it was unable to reach a final agreement with the company`s creditor committee.

Globalstar was not immediately available for comment.

The proposal, reached more than two weeks ago, included $20 million in debtor-in-possession financing and an additional $35 million in financing if the Delaware bankruptcy court approved the transaction. Still to be negotiated was exactly how much of a stake New Valley and Globalstar`s creditors would own once the company emerged from bankruptcy.

The Miami-based New Valley, which is part owned by Vector Group Ltd. (NYSE:VGR - News), said it would continue to seek opportunities to acquire additional companies. Globalstar would have been New Valley`s first investment in a telecommunications service provider.

Globalstar was set up by Loral Space & Communications Ltd. (NYSE:LOR - News) and Qualcomm Inc. (NasdaqNM:QCOM - News) in 1994 to offer satellite-based mobile telephone services to business customers but fell on hard times as demand for its services was much smaller then expected.

It defaulted on loans to its founding companies in early 2001 and filed for bankruptcy protection in Feb. 2002.

In November Globalstar said it had only about $22.6 million cash on hand at the end of September and it would need debtor-in-possession financing in order to complete its Chapter 11 restructuring process.

Globalstar`s restructuring follows the high-profile failure of another satellite telephone venture, Iridium LLC, which was founded by Motorola Inc. (NYSE:MOT - News). Iridium filed for bankruptcy in 1999. Its assets were bought for $25 million in Dec. 2000.

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Dow Jones Business News
Loral Space CEO Schwartz Bought 1.4M More Shares Friday
Wednesday January 29, 1:24 pm ET


WASHINGTON (Dow Jones)--Loral Space & Communications Ltd. Chairman and Chief Executive Bernard L. Schwartz bought 1.4 million more shares of the company`s common stock Friday, according to a Form 4 released Wednesday by the Securities and Exchange Commission.
Schwartz bought the shares for 41 cents to 43 cents a share. After the transactions, he directly owned 2.75 million common shares and indirectly owned 166,210.82 common shares.

Schwartz bought 750,000 shares Thursday and 800,000 shares Jan. 21 and Jan. 22.

Shares of Loral Space recently traded at 50 cents, down 1 cent.

[ustrading]

@Gatsby2,

habe mal die letzten Insider-Trades durchgeschaut und da hat der gute Bernie tatsächlich über 3,5Mio. Akien abgestoßen. Hat LOR überhaupt eine Zukunft - die Schulden sind doch jenseits von dieser Welt.

[Gatsby2]

@ustrading

Das ist allerdings eine berechtigte Frage.

Gemessen an den Vorhersagen von Loral aus dem letzten großen Conference Call vom 07.11.2002 (hier: Postings # 85, 87 f.) dürfte sie für die nächsten 12 Monate zu bejahen sein -- danach?

Die Schulden sind zwar in der Tat gigantisch, aber Loral ist augenscheinlich imstande, die Last zum gegenwärtigen Zeitpunkt zu bedienen, und die ersten Fälligkeiten, also wohl Umschuldungen, liegen im ersten Quartal 2004.

Die Geschäftsentwicklung in den beiden zentralen Geschäftsfeldern ist recht unterschiedlich: Fixed Satellite Services (FSS) hat recht hohe Gewinnmargen (> 35%) mit relativ geringen operativen Kosten; wesentlicher Faktor auf der Passivseite sind laufende Abschreibungen auf das Satellitennetzwerk. Die Kundenbasis ist einigermaßen stabil.

Anders sieht es im Bereich Space Systems Loral (SSL), also dem Geschäftsfeld Satellitenherstellung aus. Die gesamte Industrie, (im Wesentlichen sind das: Boeing Space, Lockheed Martin Space Systems, Alcatel, Astrium und eben Loral) hat im Jahr 2002 3 (in Worten: drei) Aufträge zur Neuherstellung ziviler Satelliten bekommen. Zwar wird das so nicht bleiben (der weltweite Ersatzbedarf wird langfristig bei etwa 26 Satelliten p.A. gesehen), aber auch steigende Auftragszahlen sind für die Industrie insgesamt nicht ausreichend, so daß hier einige Konsolidationen -die auch eine Übernahme von Loral einschließen könnten- zu erwarten sind.

Immerhin hat Loral in diesem Umfeld den bei weitem höchsten Auftragsbestand, der allerdings zum Teil hausgemacht ist; der Bestand der Fertigung dürfte damit für 2003 ebenfalls gesichert sein.

Einen wesentlichen Vorsprung dürfte Loral im Geschäft mit China haben, und sobald das Exportverbot für Satelliten dorthin aufgehoben ist -aber wann???- sind aus China einige Aufträge zu erwarten. Schlecht sieht es dagegen im militärischen Sektor aus, denn Loral hat seine Wahlkampfspenden in den letzten Jahren recht einseitig auf die Demokraten ausgerichtet.

Es bleibt also schwierig. Allerdings miße eine Analyse von Lehman Bros. aus November -seither dürfte sich an den wesentlichen Eckdaten nichts geändert haben- Loral einen Fair Value von $1,76 zu.

Den Kurs von $1,00 müssen sie allerdings in den nächsten Wochen schaffen und halten, denn sonst droht möglicherweise ein Delisting von der New York Stock Exchange (dazu Posting #58), das ggf. für den Kurs nicht gutes verhieße.

[Gatsby2]

Tja, bei Loral ist man vor Überraschungen nie sicher:

Dow Jones Business News
Arbitrator/Loral: Also Rules Vs Loral`s Counterclaims
Friday January 31, 6:21 pm ET


WASHINGTON (Dow Jones)--An arbitral tribunal ruled in favor of Alcatel SA on most of its claims against Loral Space & Communications Ltd. and one of its units, according to a document filed Friday with the Securities and Exchange Commission.

The claims alleged that Loral and its Space Systems/Loral unit breached contracts with Paris-based Alcatel.

The tribunal also ruled against counterclaims in which Loral and the unit sought $405 million in compensatory and punitive damages.

The tribunal set a schedule for the parties to make further submissions and for hearings in May to determine whether any of the breaches caused Alcatel to suffer injury and to decide the amount of damages, if any.

If the tribunal finds that Alcatel has sustained damages, there might be a material adverse effect on Loral`s consolidated financial position and on the results of its operations, the filing said.

The claims are related to operational and alliance agreements between Space Systems/Loral and Alcatel.

According to the filing, Loral said it could end the pacts on a year`s notice and, on Feb. 22, 2001, the company gave notice that they would expire one year later.

In April 2001, Alcatel began arbitration proceedings, saying Loral`s termination notice had been ineffective and alleging that Space Systems/Loral breached procedural and administrative matters in the agreements, including those related to exchange of information.

In February 2002, the arbitral tribunal issued a partial decision, which upheld the validity of Loral`s termination effective Feb. 22, 2002, and of Alcatel`s claims regarding certain breaches. The partial decision was confirmed by the District Court for the Southern District of New York on June 25.

The tribunal has given both parties an opportunity to file additional claims or counterclaims.

Loral, New York, makes satellites and offers satellite-based services. Alcatel is a global supplier of high-tech telecommunications equipment.

[Micky_Maus]

Ein weiterer Sargnagel für Loral. Und nun noch der Columbia-Absturz.

Bernie`s Insiderkäufen würde ich sowieso keine Bedeutung beimessen. Bei Marconi kaufte die gesamte Geschäftsführung Aktien, als die Aktie katastrophal auf 100pence abstürzte. Inzwischen ist Marconi bankrott.

[ustrading]

Wüßte nicht was der Columbia-Absturz mit LOR zu tun hat ? Aber die Sache mit Alcatel SA könnte für Loral ernste Folgen haben. Ich bin vorerst wieder raus.

[Gatsby2]

Tja, die Sache mit Alcatel stinkt schon ein wenig, aber da die besser informierten Anleger vor der Pressemitteilung schon zwei Tage hatten, um auszusteigen, war es dann ja doch nicht ganz so schlimm. Mittlerweile klingen die Nachrichten schon wieder ganz nach "back to normal".

Press Release Source: Space Systems/Loral


Space Systems/Loral-Built Intelsat 907 Ready for Launch
Monday February 10, 4:05 pm ET


PALO ALTO, Calif.--(BUSINESS WIRE)--Feb. 10, 2003--Space Systems/Loral (SS/L), a subsidiary of Loral Space & Communications (NYSE: LOR - News), today announced that the Intelsat 907 communications satellite has been readied for its launch on February 12 from the European Spaceport at Kourou, French Guiana, aboard an Ariane 44L launch vehicle.

Intelsat 907, the latest in Intelsat`s IX series of communications satellites, is intended to serve the Americas, Europe and Africa from its orbital position at 27.5 degrees West longitude. The Intelsat IX satellites are some of the largest and most advanced built by SS/L to date. Intelsat 907, based on SS/L`s space-proven 1300 satellite platform, is the thirty-first satellite SS/L has built for the global communications provider.

Space Systems/Loral is a premier designer, manufacturer, and integrator of powerful satellites and satellite systems. SS/L also provides a range of related services that includes mission control operations and procurement of launch services. Based in Palo Alto, California, the company has an international base of commercial and governmental customers whose applications include broadband digital communications, direct-to-home broadcast, governmental communications, environmental monitoring, and air traffic control. SS/L is ISO 9001 certified. For more information, visit www.ssloral.com.

Loral Space & Communications is a satellite communications company. It owns and operates a global fleet of telecommunications satellites used by television and cable networks to broadcast video entertainment programming, and by communication service providers, resellers, corporate and government customers for broadband data transmission, Internet services and other value-added communications services. Loral also is a world-class leader in the design and manufacture of satellites and satellite systems through its Space Systems/Loral subsidiary. For more information, visit Loral`s web site at www.loral.com.

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, Loral Space & Communications Ltd. or its representatives have made or may make forward-looking statements, orally or in writing which may be included in, but are not limited to, various filings made by the company with the Securities and Exchange Commission, press releases or oral statements made with the approval of an authorized executive officer of the company. Actual results could differ materially from those projected or suggested in any forward-looking statements as a result of a wide variety of factors and conditions which are described in the section of the company`s annual report on Form 10-K for the fiscal year ended December 31, 2001, entitled "Certain Factors That May Affect Future Results," and the company`s other filings with the Securities and Exchange Commission. The reader is specifically referred to these documents.

Note: A photo is available at URL: http://www.businesswire.com/cgi-bin/photo.cgi?pw.021003/bb7



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[Gatsby2]

Tja, neue Aufträge wären besser, als bereits bezahlte, ganz zu schweigen hiervon:

Press Release Source: Loral Space & Communications


Loral to Seek Shareholder Approval of Reverse Stock Split
Wednesday February 19, 5:13 pm ET
Sets Date for Annual Meeting


NEW YORK--(BUSINESS WIRE)--Feb. 19, 2003--Loral Space & Communications (NYSE:LOR - News) today announced that it will seek shareholder approval to implement a reverse stock split at its annual meeting on May 29, 2003, in order to, among other things, restore the company`s compliance with New York Stock Exchange share price requirements. Loral meets all other criteria for continued listing on the Exchange, including having a market capitalization well in excess of the minimum required.
The reverse stock split ratio of new shares to existing shares will be established and detailed in a proxy statement to be mailed to shareholders several weeks before the annual meeting. The date for determining shareholders of record entitled to receive notice of, and to vote at, the annual meeting is April 1, 2003. The reverse stock split transaction will be promptly enacted upon shareholder approval.

As of January 31, 2003, there were 430,798,402 million shares of Loral Space & Communications common shares outstanding. Loral`s average daily trading volume in January was 2.3 million shares.

Loral Space & Communications is a satellite communications company. It owns and operates a global fleet of telecommunications satellites used by television and cable networks to broadcast video entertainment programming, and by communication service providers, resellers, corporate and government customers for broadband data transmission, Internet services and other value-added communications services. Loral also is a world-class leader in the design and manufacture of satellites and satellite systems for commercial and government applications including direct-to-home television, broadband communications, wireless telephony, weather monitoring and air traffic management. For more information, visit Loral`s web site at http://www.loral.com.

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, Loral Space & Communications Ltd. or its representatives have made or may make forward-looking statements, orally or in writing, which may be included in, but are not limited to, various filings made by the company with the Securities and Exchange Commission, press releases or oral statements made with the approval of an authorized executive officer of the company. Actual results could differ materially from those projected or suggested in any forward-looking statements as a result of a wide variety of factors and conditions, which have been described in the section of the company`s annual report on Form 10-K for the fiscal year ended December 31, 2001, entitled "Certain Factors That May Affect Future Results," and the company`s other filings with the Securities and Exchange Commission. The reader is specifically referred to these documents.



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Contact:
Loral Space & Communications
Jeanette Clonan or John McCarthy, 212/697-1105



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Source: Loral Space & Communications

===================

Reuters
Mexico`s Satmex cuts jobs, trims costs for 2003
Tuesday February 18, 2:17 pm ET
By Fiona Ortiz


MEXICO CITY, Feb 18 (Reuters) - Satellite telecommunications company Satmex said on Tuesday it cut 21 percent of its work force and trimmed millions of dollars in costs for 2003 in order to meet its financial obligations.

Anticipating a flat year in revenues similar to 2002, Satmex cut expenses across the board, and is seeking to renegotiate costs and volumes with suppliers and service providers, Satmex Chief Financial Officer Cynthia Pelini told Reuters.

"We have indicated to our investor base that it`s very likely we will be seeking an extension of our obligations," Pelini said.

She said the cuts represented several million dollars out of the company`s 2003 budget. No further details were immediately available.

Pelini said the cuts did not affect the operations of the company, which is planning during the third quarter to launch Satmex 6 -- the most powerful telecommunications satellite ever put in orbit over the Americas.

Before the job cuts, which took place in February, the company had about 220 employees.

Standard & Poor`s Ratings Services has had Satmex on review for a possible downgrade since November due to concerns the company could exhaust its remaining liquidity in 2003, given the potential for continued industry weakness.

Pelini said Satmex is negotiating with the U.S. Export-Import Bank and export credit insurer Coface for $250 million in loans on 8-1/2-year terms.

"It has been a long process with Eximbank. They don`t do a satellite loan every day. We think that it`s going well but we have not received board approval yet. We are hoping for that this quarter," Pelini said.

She said that once the new credit was secured, Satmex would pay down $205 million in senior secured floating rate notes that are due in 2004.

Then Satmex, which is 49 percent held by Loral Space & Communications Ltd. (NYSE:LOR - News), would seek an extension on $320 million in high-yield bonds, which are also due in 2004.

====================

Press Release Source: Space Systems/Loral


Loral-Built Intelsat 907 Telecommunications Satellite Successfully Launched
Saturday February 15, 8:31 am ET


PALO ALTO, Calif.--(BUSINESS WIRE)--Feb. 15, 2003--Space Systems/Loral
Seventh in Intelsat IX Series, New Spacecraft is Thirty-First

Satellite Built by Space Systems/Loral for Intelsat

Intelsat 907, the latest in a long line of advanced communications satellites built for Intelsat by Space Systems/Loral, a subsidiary of Loral Space & Communications (NYSE: LOR - News), was successfully launched at 2:00 a.m. EST today. The satellite was sent into space from the European Spaceport at Kourou, French Guiana, aboard an Ariane 44L launch vehicle.

Intelsat 907 is the seventh satellite in the Intelsat IX series that SS/L has delivered since 2001. Overall, it is the thirty-first satellite SS/L has delivered to the international communications provider since 1980. SS/L has now built nearly half of Intelsat`s historical space fleet, significantly more than any other manufacturer.

"Space Systems/Loral is proud to be such a substantial supplier to Intelsat," C. Patrick DeWitt, SS/L`s president and chief operating officer, said. "Our close, two-decade long relationship has played a large part in the success of Space Systems/Loral."

From its orbital position at 332.5 degrees East longitude, Intelsat 907 will serve the Atlantic Ocean region, including the Americas, Europe and Africa.

The Satellite

The Intelsat IX satellites are some of the largest and most advanced built by SS/L to date. Intelsat 907 carries 22 Ku-band and up to 76 C-band transponders (in 36 MHz equivalents), and has solar arrays that generate more than 9.5 kilowatts of power (beginning of life). Each Intelsat IX spacecraft carries more high-power amplifiers and generates more solar array power than its predecessors with only a small increase in dry mass.

This increased power and efficiency provide Intelsat with better coverage and stronger signals to help satisfy the demand for digital services, smaller earth stations, and specialized communications services. The Intelsat IX series of satellites are replacing the Intelsat series now on orbit to provide enhanced voice, video, and data transmission services across the globe.

The spacecraft is based on SS/L`s space-proven 1300 geostationary satellite platform, which has an excellent record of reliable operation. The 1300 is designed to achieve a long useful life, in this case 13 years, excellent station-keeping, and orbital stability by using bipropellant propulsion and momentum-bias systems. High efficiency solar arrays and batteries provides uninterrupted electrical power. In all, SS/L satellites have amassed nearly 1,000 years of on-orbit service.

The Companies

Intelsat, Ltd., offers telephony, corporate network, broadcast and Internet solutions around the globe via capacity on 25 geosynchronous satellites in prime orbital locations. Customers in more than 200 countries and territories rely on Intelsat satellites and staff for quality connections, global reach, and reliability. For more information, visit http://www.intelsat.com.

Space Systems/Loral is a premier designer, manufacturer, and integrator of powerful satellites and satellite systems. SS/L also provides a range of related services that includes mission control operations and procurement of launch services. Based in Palo Alto, California, the company has an international base of commercial and governmental customers whose applications include broadband digital communications, direct-to-home broadcast, governmental communications, environmental monitoring, and air traffic control. SS/L is ISO 9001 certified. For more information, visit http://www.ssloral.com.

Loral Space & Communications is a satellite communications company. It owns and operates a global fleet of telecommunications satellites used by television and cable networks to broadcast video entertainment programming, and by communication service providers, resellers, corporate and government customers for broadband data transmission, Internet services and other value-added communications services. Loral also is a world-class leader in the design and manufacture of satellites and satellite systems through its Space Systems/Loral subsidiary. For more information, visit Loral`s web site at http://www.loral.com.

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, Loral Space & Communications Ltd. or its representatives have made or may make forward-looking statements, orally or in writing, which may be included in, but are not limited to, various filings made by the company with the Securities and Exchange Commission, press releases or oral statements made with the approval of an authorized executive officer of the company. Actual results could differ materially from those projected or suggested in any forward-looking statements as a result of a wide variety of factors and conditions, which have been described in the section of the company`s annual report on Form 10-K for the fiscal year ended December 31, 2001, entitled "Certain Factors That May Affect Future Results," and the company`s other filings with the Securities and Exchange Commission. The reader is specifically referred to these documents.

[Gatsby2]

Dow Jones Business News
Mexico`s Satmex Back In Orbit With Expected New Loans
Tuesday March 11, 12:43 pm ET
By Amy Guthrie, Of DOW JONES NEWSWIRES


MEXICO CITY (Dow Jones)--Mexican satellite services company Satelites Mexicanos SA is breathing a bit easier now that the U.S. Export-Import Bank has initially approved its request for more than $100 million in loans.

The loan, which was submitted to the U.S. Congress for approval Thursday, is expected to unlock financing from similar government-sponsored programs in Mexico and France, paving the way for Satmex to pay down its debt and keep operating.

Bo Ollison, spokesman for the Export-Import Bank, declined to reveal the size and details of the funding until it`s officially granted. Any loan the bank awards above $100 million must be approved by the Congress, a process which usually takes more than a month.

However, fixed-income investors largely expect the Eximbank loan to get a rubber stamp. Satmex`s 10.125% bonds due 2004 have rallied sharply in the past two trading sessions, to nearly 50 U.S. cents on the dollar from the low-30s.

"They definitely needed this money," said Jim Harper, an analyst of distressed Latin American debt with BCP Securities LLC in Greenwich, Conn.

Satmex needs close to $300 million to finish the construction of its new satellite, its launch into space. and insurance.

The Satmex 6 satellite, which replaces one of the company`s satellites that went out of commission in 2000, is expected to be launched sometime in the summer. With a useful life in excess of 15 years, Satmex 6 will be the third satellite in the Satmex fleet.

The new financing will also help Satmex pay down some of its $525 million debt load. The company hopes soon to pay off its $205 million in floating rate notes due in 2004 and extend the maturity on its $320 million in 10.125% notes due the same year.

Standard & Poor`s has had the company on watch for a credit downgrade since November, citing high interest payments on debt, low cash reserves and weak industry factors that could lead to an exhaustion of liquidity in 2003.

Satmex has around $33 million in annual interest payments, and as of late- 2002, the company had just $4.8 million in cash and $24.5 million in an escrow account, Standard & Poor`s noted.

Satmex provides global satellite services for the Americas as a member of the Loral Global Alliance. Loral Space and Communications Ltd. of the U.S. owns 49% of Satmex.

[Gatsby2]

Press Release Source: EchoStar Communications Corporation


EchoStar to Launch EchoStar IX Satellite in May
Tuesday March 11, 9:23 pm ET
New Satellite to Test First Ever Ka-Band Commercial Service


LITTLETON, Colo.--(BUSINESS WIRE)--March 11, 2003--EchoStar Communications Corporation (NasdaqISH - News) announced today that its EchoStar IX satellite is scheduled to launch in May 2003.
The satellite will launch from a floating platform at the equator aboard a Sea Launch rocket.

The EchoStar IX satellite is equipped with one of the first commercial Ka-band spot-beam payloads for use over the United States and will be critical to the development of future generations of Ka-band services. EchoStar`s Ka-band portion of the satellite will be used to test, verify and deliver future broadband initiatives for the company. The satellite payload also includes 32 Ku-Band fixed satellite services (FSS) transponders, at approximately 120 watts, that will enhance EchoStar`s current U.S. DISH Network satellite TV service, including additional service for Alaska and Hawaii. The satellite will operate at the 121 degree West Longitude orbital location.

With the successful launch of EchoStar IX, constructed by Space Systems/Loral based in Palo Alto, Calif., EchoStar continues to invest in new satellite technologies to expand services for its 8.18 million customers nationwide. EchoStar IX will join EchoStar`s current fleet of eight satellites that provide DISH Network customers with hundreds of all-digital television channels, including interactive TV services, sports programming, high definition television and international programming.

An additional C-band payload on the EchoStar IX satellite will be owned and operated by Loral Skynet, a wholly owned subsidiary of Loral Space and Communications (NYSE:LOR - News), as Telstar 13.

About EchoStar Communications Corporation

EchoStar Communications Corporation (NasdaqISH - News), through its DISH Network(TM), is a leading U.S. provider of satellite television entertainment services to homes and businesses with 8.18 million customers. DISH Network delivers advanced digital satellite television services, including hundreds of video, audio and Interactive TV channels, personal video recording, HDTV, international programming, professional installation and 24-hour customer service. Visit EchoStar`s DISH Network at http://www.dishnetwork.com or call 800/333-DISH (3474).

About Space Systems Loral

Building on more than 45 years of pioneering spacecraft development, Space Systems/Loral (SS/L) has become a premier producer of reliable communications and weather satellites. Headquartered in Palo Alto, Calif., the company operates around the world, working within many cross-national alliances and in leading-edge facilities. The company, a subsidiary of Loral Space and Communications (NYSE:LOR - News), designs, builds and tests satellites, subsystems and payloads; provides orbital testing; procures insurance and launch services; and manages mission operations from a Mission Control Center in Palo Alto. For more information, visit: http://www.ssloral.com.

About Sea Launch

Sea Launch Company, LLC, based in Long Beach, Calif., and sold commercially through Boeing Launch Services (www.boeing.com/launch), provides reliable, cost-effective, heavy lift launch services for commercial satellite customers. The Sea Launch partners include Boeing, RSC Energia, SDO Yuzhnoye/PO Yuzhmash and the Kvaerner Group. Established in 1995, Sea Launch has a current backlog of 17 firm launch contracts. As the world`s only launch provider positioned on the Equator, Sea Launch offers the optimal starting point for spacecraft heading to Geostationary Orbit. For additional information, visit the Sea Launch website at: http://www.sea-launch.com.



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Press Release Source: Loral Space & Communications


Space Systems/Loral Resumes Construction of WildBlue-1, the World`s First All Ka-Band Commercial Communications Satellite
Thursday March 13, 3:26 pm ET


PALO ALTO, Calif.--(BUSINESS WIRE)--March 13, 2003--Space Systems/Loral, a subsidiary of Loral Space & Communications (NYSE: LOR - News), today announced that it has resumed construction of WildBlue-1, the world`s first commercially dedicated all-Ka-band, multiple spot-beam broadband satellite, for WildBlue Communications, Inc., Denver, CO.

WildBlue recently announced that INTELSAT, Liberty Satellite & Technology, Inc., the National Rural Telecommunications Cooperative (NRTC), Kleiner Perkins Caufield & Byers and David Drucker, WildBlue`s chairman, agreed to invest $156 million in the company, which will allow WildBlue to enter commercial service in 2004 and complete its investment in the WildBlue-1 satellite.

"Space Systems/Loral is proud to be at the forefront of providing the most advanced and reliable satellite technology to operators around the world," said C. Patrick DeWitt, president, Space Systems/Loral. "The continuation of the WildBlue project will provide important and timely broadband services to users across North America."

WildBlue-1 is designed to provide consumers and small businesses in the United States fast and affordable two-way wireless Internet access using a mini-dish antenna. WildBlue-1 is currently scheduled to launch aboard an Ariane 5 launch vehicle.

The Satellite

WildBlue-1 will generate more than 10 kW of power at beginning of life, and will cover North America with 41 overlapping Ka-band spot beams. Eight tracking antennas on board the satellite provide precision pointing of the beams over the contiguous United States. The 4.7 metric ton spacecraft will operate from the 109.2 degrees West longitude orbital position.

WildBlue-1 is based on SS/L`s 1300 satellite platform and is designed to achieve a long, useful life, in this case over 12 years. The satellite achieves excellent station-keeping and orbital stability by using bipropellant propulsion and momentum-bias systems. A system of high-efficiency solar arrays and batteries provides uninterrupted electrical power. In all, SS/L satellites have amassed nearly 1,000 years of on-orbit service.

The Companies

WildBlue Communications, Inc., based in Denver, Colorado, plans to roll out affordable broadband services via satellite direct to homes and small offices throughout the contiguous United States in 2004. WildBlue was founded to accelerate consumer broadband access to the Internet. WildBlue`s solution intends to deliver on consumer desires for a fast, affordable, simple, reliable, always-on and two-way technology for wireless Internet access. For more information, visit http://www.wildblue.com.

Space Systems/Loral is a premier designer, manufacturer, and integrator of powerful satellites and satellite systems. SS/L also provides a range of related services that includes mission control operations and procurement of launch services. Based in Palo Alto, Calif., the company has an international base of commercial and governmental customers whose applications include broadband digital communications, direct-to-home broadcast, governmental communications, environmental monitoring, and air traffic control. SS/L is ISO 9001 certified. For more information, visit http://www.ssloral.com.

Loral Space & Communications is a satellite communications company. It owns and operates a global fleet of telecommunications satellites used by television and cable networks to broadcast video entertainment programming, and by communication service providers, resellers, corporate and government customers for broadband data transmission, Internet services and other value-added communications services. Loral also is a world-class leader in the design and manufacture of satellites and satellite systems for commercial and government applications through its Space Systems/Loral subsidiary. For more information, visit Loral`s web site at http://www.loral.com.

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, Loral Space & Communications Ltd. or its representatives have made or may make forward-looking statements, orally or in writing, which may be included in, but are not limited to, various filings made by the company with the Securities and Exchange Commission, press releases or oral statements made with the approval of an authorized executive officer of the company. Actual results could differ materially from those projected or suggested in any forward-looking statements as a result of a wide variety of factors and conditions, which have been described in the section of the company`s annual report on Form 10-K for the fiscal year ended December 31, 2001, entitled "Certain Factors That May Affect Future Results," and the company`s other filings with the Securities and Exchange Commission. The reader is specifically referred to these documents.



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Press Release Source: Loral Space & Communications Ltd.


Loral Space & Communications to Host Year-End and Fourth Quarter 2002 Results Conference Call
Thursday March 13, 3:12 pm ET


NEW YORK--(BUSINESS WIRE)--March 13, 2003--Loral Space & Communications Ltd. (NYSE: LOR - News) invites shareholders, analysts and professional investors to participate in a conference call with Loral chairman and chief executive officer, Bernard L. Schwartz, to discuss Loral`s results for the periods ending December 31, 2002.
A press release on the periods` results will be issued after the market closes on March 31, 2003.

The call will begin at 9:30 a.m. EST on Tuesday, April 1, 2003.

To participate, please dial [phone] approximately 15 minutes prior to the scheduled start of the call.

A listen-only simulcast of the call may be accessed on the Internet at www.loral.com.

If you are unable to listen to the call, a replay will be available beginning at 12:00 p.m. EST on April 1 through 8:00 p.m. EST on April 8, by dialing [phone], access code: 493797. The web cast will be available on Loral`s web site through April 8, 2003.



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Press Release Source: Loral Space & Communications


Millennium Milestone: Space Systems/Loral Satellites Reach 1,000 Years on Orbit
Thursday March 20, 12:08 pm ET
162 Satellites Successfully Placed into Service since 1960


PALO ALTO, Calif.--(BUSINESS WIRE)--March 20, 2003--Space Systems/Loral (SS/L), a subsidiary of Loral Space & Communications (NYSE: LOR - News), today announced that its satellites have collectively achieved more than 1,000 years - an entire millennium - of on-orbit service, marking a new milestone in experience and reliability.

SS/L satellites have covered the globe for decades, beginning with the 1960 launch of Courier, the world`s first active repeater communications satellite. Since then, SS/L satellites have served mission critical commercial and government applications as diverse as international communications, satellite radio services, direct-to-home broadcast, satellite telephony, environment (weather) monitoring, Internet services, governmental communications, and air traffic control.

Altogether, 162 SS/L satellites, including seven launched in 2002, have been placed into service around the globe over the past 43 years. SS/L plans to launch eight to ten more in 2003.

"Our greatest strengths are our ability to create satellite designs that maximize our customers` business solutions and our drive for reliability," said C. Patrick DeWitt, president of SS/L. "The ingenuity, dedication and competence of our employees help keep us in the forefront of our industry. Highly trained, they invent our leading-edge technology, build our reliable satellites and make sure our customers are satisfied."

Reliability Counts

SS/L continuously researches and refines the design of every component, system, and subsystem, from antennas to power systems, all with an eye to making each more efficient, more reliable and more robust. It is not uncommon for SS/L`s satellites to last far beyond their required design life and continue to produce revenues for their owners.

The Products

SS/L`s geostationary satellites continue to evolve to best meet the current and future needs of commercial and governmental satellite operators. SS/L offers its customers a wide range of power and capability through its space-proven 1300 satellite. The power on SS/L-designed satellites can range from small satellites with 5 kilowatts to larger spacecraft as high as 25 kilowatts supporting as many as 150 transponders.

SS/L designs offer several technological differentiators, including re-configurable spot beams that deliver coverage to precisely defined areas, re-configurable capacity, and on-board switching. The satellites are designed to achieve long useful orbital life, precise stationkeeping, excellent fuel economy and orbital stability by using advanced propulsion and stabilization systems.

The Company

Space Systems/Loral is a premier designer, manufacturer, and integrator of powerful satellites and satellite systems. SS/L also provides a range of related services that includes mission control operations and procurement of launch services. Based in Palo Alto, California, the company has an international base of commercial and governmental customers whose applications include broadband digital communications, direct-to-home broadcast, governmental communications, environmental monitoring, and air traffic control. SS/L is ISO 9001 certified. For more information, visit http://www.loral.com

Loral Space & Communications is a satellite communications company. Through its Skynet subsidiary, it owns and operates a global fleet of telecommunications satellites used by television and cable networks to broadcast video entertainment programming, and by communication service providers, resellers, corporate and government customers for broadband data transmission, Internet services and other value-added communications services. Loral also is a world-class leader in the design and manufacture of satellites and satellite systems through its Space Systems/Loral subsidiary. For more information, visit Loral`s web site at http://www.loral.com.

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, Loral Space & Communications Ltd. or its representatives have made or may make forward-looking statements, orally or in writing, which may be included in, but are not limited to, various filings made by the company with the Securities and Exchange Commission, press releases or oral statements made with the approval of an authorized executive officer of the company. Actual results could differ materially from those projected or suggested in any forward-looking statements as a result of a wide variety of factors and conditions, which have been described in the section of the company`s annual report on Form 10-K for the fiscal year ended December 31, 2001, entitled "Certain Factors That May Affect Future Results," and the company`s other filings with the Securities and Exchange Commission. The reader is specifically referred to these documents.

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US sweeps up commercial satellite time


11:19 21 March 03

NewScientist.com news service

The war in Iraq has prompted the US military to secure unprecedented access to commercial satellites. It needs to supplement its own substantial satellite data bandwidth to enable full surveillance of Iraq and reliable military communications.

Some US officials have said that 10 times as much satellite capacity will be used in the coming conflict as was used in the Gulf War of 1991 - a testament to the much greater role of communication-based technology.

Steven Aftergood, a military satellite imaging expert with the Federation of American Scientists told New Scientist: "They are gathering as much commercial imagery as they can acquire and I would expect the same to be true of bandwidth on communications satellites."

A bandwidth squeeze would not be a problem for most US precision-guided weapons, as these make use of signals permanently broadcast by the US-operated Global Positioning System (GPS) satellite constellation, or laser guidance.

However, some of the military`s newest weapons do rely on satellite communications links and can require very high data flows. For example, unmanned Predator drones provide a live video feed via satellite to operators who may be thousands of miles away. Some cruise missiles can also transmit live video footage or receive updated mission information.


Encryption technology


Commercial satellite communications capacity may be used to provide a back-up between military on the ground. The military uses its own encryption technology to secure the communication before passing it through the commercial network.
This may also be used to allow military personnel to contact to their families at home, an important facility in maintaining morale.

The US military operates its own fleet of powerful imaging satellites, but the constraints of their orbits mean they will only pass over specific areas once or twice a day.

Commercial imagery could add significantly to coverage and the US National Imagery and Mapping Agency, which provides satellite images for military purposes, recently signed deals with US companies Space Imaging, Intelsat and DigitalGlobe, as well as French business Eutelsat.

Aftergood says: "It`s a question of capacity. There is an insatiable appetite for more imagery. In times of conflict, more is better."


Will Knight



For more exclusive news and expert analysis every week subscribe to New Scientist print edition.

http://www.newscientist.com/news/news.jsp?id=ns99993531

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Press Release Source: Loral Space & Communications


Loral Reports 2002 Year-End Results
Monday March 31, 7:51 pm ET


NEW YORK--(BUSINESS WIRE)--March 31, 2003--Loral Space & Communications (NYSE:LOR - News)
Loral`s quarterly conference call with chairman and chief executive officer, Bernard L. Schwartz, will begin at 9:30 a.m. EST tomorrow, April 1, 2003. To participate, please dial 913/981-5571 approximately 15 minutes prior to the scheduled start of the call, or access the listen-only simulcast of the call on the Internet at www.loral.com. A replay will be available beginning at noon EST on April 1 through 8:00 p.m. EDT on April 8, by dialing 719/457-0820, access code: 493797. The webcast will be available on Loral`s Web site through April 8, 2003.

ADVERTISEMENT



Loral Space & Communications (NYSE:LOR - News) today reported its financial results for the three months and year-ended December 31, 2002.

Several non-cash charges had an adverse effect on Loral`s reported results. The company`s operating performance, however, was consistent with its expectations and previous guidance. Further, cash and available credit at the end of the year of $132 million exceeded the company`s forecast. Severe industry and economic conditions have presented Loral with enormous challenges over the past 18 months but the company believes the actions taken -- to reduce debt, cut costs, and enter new markets -- put it in a better position to benefit when conditions improve.

Financial Results for the Periods Ended December 31, 2002 (Please refer to the attached tables)

For the full-year 2002, Loral`s reported revenue was $1.1 billion, a slight increase over last year. A five percent increase in sales at Space Systems/Loral (SS/L), due essentially to the timing of work completed, was somewhat offset by a decline in fixed satellite services (FSS) sales stemming from soft demand and modest pricing deterioration. Fourth quarter revenue was $263 million, a decrease of approximately four percent from the final quarter of 2001.

SS/L recorded a $69 million charge for a reduction in the value of its advances to Europe*Star and a decline in the value of its Sirius Satellite Radio holdings. This charge, along with lower FSS revenues, resulted in a decline in Loral`s reported EBITDA (which is equivalent to operating income/loss before depreciation and amortization, including amortization on unearned stock compensation) for the fourth quarter and the year compared to the year-earlier periods. Loral EBITDA was $105 million in 2002 versus $223 million in 2001. EBITDA in the fourth quarter was a loss of $44 million as compared to positive EBITDA of $53 million in the final quarter of 2001.

Apart from the $69 million above-noted charge and a $32 million increase in eliminations (see note on page 6), Loral`s EBITDA would have been $206 million, approximating previous guidance of $210 to $215 million. The company posted an operating loss of $82 million including the asset write-down and the eliminations adjustment in 2002, compared to an operating loss of $5 million in 2001.

Net interest expense declined from $155 million in 2001 to $64 million in 2002 due to three factors: the 2001 Orion bond exchange reduced the principal on the Orion bonds by $229 million; the gain on the Orion exchange is amortized against the interest expense over the life of the new bonds; and, the interest rates on Loral`s variable rate debt was lower in 2002 than in 2001.

Income tax expense increased sharply in 2002 to $355 million compared to $2 million in 2001. Loral wrote off its tax asset to zero in the fourth quarter of 2002, because at December 31, 2002, it did not meet the accounting criteria for retaining the asset`s value on its balance sheet. As a result, the current year provision includes a $390 million charge.

As previously reported, Loral adopted SFAS No. 142 (Goodwill and Other Intangible Assets) on January 1, 2002, the net result of which was a charge of $890 million, substantially all of which was recorded in the first quarter of 2002, reflecting the cumulative effect of this change in accounting principle.

Loral`s net loss applicable to common shareholders in 2002 totaled $1.56 billion or $4.18 per share. In 2001, Loral reported a net loss of $277 million, or $0.86 per share. Net loss in 2002 included the aforementioned charges: the $890 million goodwill charge, the $390 million income tax provision, the $69 million write-down in connection with Europe*Star and Sirius, as well as $46 million non-cash dividend charges on conversions of preferred stock. Loral`s 2001 net loss included a charge of $7 million (after tax) relating to Loral`s settlement with the U.S. Government, a non-cash dividend charge of $29 million and a gain of $22 million (after tax) on Loral CyberStar`s debt exchange.

Without the 2002 charges, 2002 net loss would have been $173 million or $0.46 per share. Net loss for 2001, excluding charges, would have been $264 million or $0.82 per share.

Similarly, the fourth quarter 2002 net loss of $523 million or $1.24 per share, would have been $65 million or $0.15 per share before the charges taken in the fourth quarter. Fourth quarter 2001 loss of $42 million or $0.13 per share would have been $58million or $0.17 per share without adjustments for Loral`s government settlement and the gain on Loral CyberStar`s exchange.

Per share calculations for the fourth quarter and full-year 2002 are based on 422 million and 373 million basic and diluted weighted average shares outstanding, respectively, versus 336 million and 324 million in 2001, respectively, with the increase in 2002 arising from conversion of some of the company`s preferred stock into common stock.

Year-End Cash Position

Loral`s cash and available credit on December 31, 2002, was $132 million. This cash position was achieved after capital spending and investments of $139 million primarily for the continued construction of satellites for Loral Skynet, scheduled loan payments of $135 million, and cash interest and preferred dividend-related payments of $176 million.

Net cash provided by operating activities in 2002 rose to $195 million from $170 million in 2001.

Financing Activities

In August of 2002, the company indefinitely suspended dividend payments on both its Series C and Series D Preferred Stock. Dividends on both series continue to accrue. In the fourth quarter, Loral completed a preferred stock exchange that reduced the principal amount of mandatory preferred stock obligations by $350 million and eliminated $21 million in annual dividends. From the beginning of 2001 through the end of 2002, Loral reduced its principal amount of debt and preferred obligations by more than $1.3 billion and has eliminated over $95 million in annual dividend and interest payments.

Bank Loan Amendments

In March 2003, Loral agreed with its bank lenders to amend the terms and conditions of its two bank credit facilities. The agreements amend certain financial covenants and place restrictions on the company and certain of its subsidiaries. Loral is currently in compliance with all of the covenants and conditions under its various credit arrangements and believes it will continue to meet these covenants and conditions throughout the year.

Bookings and Backlog

The drought in orders for the construction of commercial satellites worldwide continued throughout 2002, although there is evidence of renewed interest based on increased inquiries and requests for proposals from current and prospective satellite customers. SS/L did not book any new satellite orders in 2002. It expects five orders in 2003 of the 12 to 15 it estimates will be placed industry-wide for replacement and/or expansion satellites. SS/L`s backlog was $763 million at the end of 2002, down from $1.6 billion at year-end 2001. Twelve satellites remained in backlog at the end of 2002; eight to 10 of them are scheduled for delivery in 2003.

Fixed satellite services net bookings were $278 million in 2002 versus negative net bookings of $118 million in 2001. The company expects bookings to rise in 2003 due to increased activity in the government, military and homeland security markets. Fixed satellite services year-end backlog was $1.4 billion, down slightly from $1.5 billion at the end of 2001, and more than three times its annual revenue.

Loral`s net bookings totaled $173 million for the twelve-month period and $69 million for the fourth quarter compared to $649 million and $320 million for the same periods in 2001. Loral`s net funded backlog on December 31, 2002 was $1.8 billion compared to $2.7 billion at year-end 2001.

Business Segments

In evaluating financial performance, management uses revenues and operating income/loss before depreciation and amortization, including amortization of unearned stock compensation (EBITDA) as a measure of a segment`s profit or loss.

Fixed Satellite Services (FSS)

In the latter part of 2002, Loral integrated the operations of Loral CyberStar into Loral`s FSS business, managed and operated by Loral Skynet. This integration differentiates Loral Skynet from its competitors, allowing it to offer customers a unique and broad portfolio of satellite and integrated network services, from the leasing of satellite transponders to the delivery of network and professional services that combine the advantages of terrestrial and space infrastructures. FSS results for 2002 combine Loral Skynet`s performance with that of the data business. Results for 2001 have been recast to reflect the combination.

Fixed satellite services 2002 revenue was $395 million, compared to $464 million in 2001, and for the fourth quarter was $89 million compared to $115 million in the year-ago quarter, due chiefly to depressed economic and industry activity which led customers to curtail or delay spending.

Driven primarily by lower revenues, FSS EBITDA for the year was $220 million compared to $263 million in 2001. Fourth quarter FSS EBITDA was $44 million compared to $74 million in 2001. The FSS EBITDA margin was 56 percent for the year, compared to 57 percent in 2001. Depreciation and amortization expense was $162 million in 2002 and $191 million in 2001.

The company has identified and is pursuing what it considers to be high-growth sales opportunities in the government, military and homeland security markets. Recent geo-political events have resulted in increased utilization on both Skynet`s Telstar 10 and Telstar 12 capacity -- a result of its satellites` well-positioned European, Asian and Middle Eastern footprints. Absent war-generated demand, European markets remain steady and Asia is beginning to see some growth, driven by a slow but growing demand for general telecom services from China. Demand in Latin America remains weak, however, initiatives such as government-sponsored distance education programs, using both C- and Ku-band, are providing new opportunities. Ku-band demand in North America remains steady and although C-band continues to be weak, there is a renewed interest in the capacity for high-definition television (HDTV) broadcasts.

Loral`s overall transponder lease pricing in 2002 averaged $1.51 million per transponder; over the last six months, however, new bookings have stabilized at a price of approximately $1.45 million per transponder. Skynet fleet utilization at year-end 2002 was 62 percent compared to 67 percent in at year-end 2001.

Skynet plans to add three new satellites to its fleet in 2003:

Telstar 13 -- C-band payload on "condo" satellite shared with Echostar; scheduled to launch in mid-2003;
Estrela do Sul -- an all Ku-band satellite to serve Brazil and the Americas to be launched in the second half of 2003; Connexion by Boeing(TM) is the anchor tenant;
Telstar 18 -- phased take-up of transponders on APT`s Apstar-V satellite serving attractive Asian footprint; scheduled to launch in late 2003.
Satellite Manufacturing and Technology

For the year 2002, Space Systems/Loral`s revenue rose five percent to $853 million from $815 million in 2001, due mainly to work performed on programs in backlog and the timing of certain construction milestones.

After the $69 million in charges in connection with the Europe*Star and Sirius write-downs previously cited, SS/L posted an EBITDA loss for the year of $19 million versus positive EBITDA of $24 million in 2001 (which also included a $12 million charge in connection with the settlement of a case with the government). Absent the charges, SS/L EBITDA in 2002 would have been $51 million, consistent with the company`s guidance of $50 million. Similarly, for the fourth quarter, SS/L`s EBITDA loss of $57 million would have been $1 million but for the charges taken during the quarter. SS/L depreciation and amortization expense was $33 million in 2002 and $41 million in 2001.

In 2002, SS/L reorganized its workforce to match the level of activity in the factory, reducing its employee headcount by 26 percent during 2002.

SS/L delivered seven new satellites in 2002 including one each to DirecTV, EchoStar and Sirius, and four to Intelsat. The most recent, Intelsat 907, was successfully launched in February 2003. Intelsat 907 is the seventh satellite in Intelsat`s IX series of satellites, all built by SS/L. It is the thirty-first satellite SS/L has delivered to the international communications provider since 1980. SS/L has now built nearly half of Intelsat`s fleet, significantly more than any other manufacturer.

In March 2003, SS/L received an order from WildBlue Communications Corp., Denver Colo., to restart construction of WildBlue-1, the world`s first commercially dedicated all-Ka-band, multiple-spot-beam broadband satellite. Construction of the satellite had been halted for 14 months while the customer sought to raise the funds needed to launch its business and complete construction of its satellites. Several investors have agreed to provide a total of $156 million in funding to WildBlue, indicating renewed interest in two-way broadband communications. These investors include: Intelsat, Liberty Satellite, National Rural Telecommunications Cooperative (NRTC), Kleiner Perkins Caufield and Byers, and WildBlue`s chairman.

Note: Historically, the results for Loral`s satellite manufacturing and technology segment have been prepared in accordance with accounting principles applicable to government contracts, whereby all costs incurred, including general and administrative (G&A) costs, are allocated to customer programs. Management evaluates this segment`s financial performance on this basis. An adjustment required to conform to U.S. generally accepted accounting principles (GAAP) for commercial contracts, which instead removes allocated G&A costs from the program accounts and recognizes G&A costs as a period expense, is reflected in the "eliminations" line. Loral determined that the method by which it had previously calculated the eliminations was inappropriate and has, therefore, restated its reported results by increasing costs by $9 million and $7 million for the second and third quarters of 2002, respectively, to reflect this change.

Outlook for 2003

Loral`s focus remains on reducing debt, containing costs, providing an expanded line of services to its customers, and pursuing emerging opportunities -- for both of its businesses -- in the broadband, military, government and homeland security markets, as well as satellite manufacturing opportunities in weather monitoring and air traffic control.

Reported revenues in 2003 are expected to be flat year over year and EBITDA is expected to improve.

Loral Skynet plans to add three new satellites to its fleet in 2003, bringing the total to ten. These additions, already substantially funded and requiring only small incremental costs to operate, will strengthen the Skynet fleet and position it to take advantage of new opportunities as the economy recovers. In addition, the launch of these new satellites will significantly enhance asset values and will begin to provide added revenues in 2003.

Space Systems/Loral is scheduled to deliver 8 to 10 satellites in 2003. Industry forecasts for new satellite orders worldwide in 2003 are in the 12 to 15 range, many of them replacements for older or ailing spacecraft. Based on current discussions with customers, SS/L expects to be awarded contracts for the construction of five new satellites before the end of the year.

Loral Space & Communications is a high-technology company that concentrates primarily on satellite manufacturing and satellite-based services. For more information, visit Loral`s Web site at www.loral.com.

Note: EBITDA (which is equivalent to operating income/loss before depreciation and amortization, including amortization on unearned stock compensation) is a non-GAAP financial measure provided because it is the method by which the company measures the performance of its operating segments and it is commonly used in the communications industry to analyze companies on the basis of operating performance, leverage and liquidity and is presented to enhance the understanding of Loral`s operating results. EBITDA is not an alternative to net income as an indicator of a company`s operating performance, nor is cash flow from operations a measure of a company`s liquidity.

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, Loral Space & Communications Ltd. or its representatives have made or may make forward-looking statements, orally or in writing, which may be included in, but are not limited to, various filings made by the company with the Securities and Exchange Commission, press releases or oral statements made with the approval of an authorized executive officer of the company. Actual results could differ materially from those projected or suggested in any forward-looking statements as a result of a wide variety of factors and conditions, which have been described in the section of the company`s annual report on Form 10-K for the fiscal year ended December 31, 2002, entitled "Certain Factors That May Affect Future Results," and the company`s other filings with the Securities and Exchange Commission. The reader is specifically referred to these documents.

-0-

LORAL SPACE & COMMUNICATIONS LTD
STATEMENTS OF OPERATIONS
(In millions, except per share data)

Three Months Year
Ended Ended
December 31, December 31,
----------------- --------------------
2002 2001 2002 2001
-------- -------- ---------- ---------

Segment Revenues:
Fixed satellite services $ 88.7 $ 114.9 $ 395.4 $ 464.2
Satellite manufacturing and
technology 152.6 218.8 853.1 814.8
-------- -------- ---------- ----------
Operating segment revenues 241.3 333.7 1,248.5 1,279.0
Eliminations 21.5 (61.2) (150.1) (209.4)
-------- -------- ---------- ----------
OPERATING REVENUES AS REPORTED $ 262.8 $ 272.5 $ 1,098.4 $ 1,069.6
======== ======== ========== ==========

Segment EBITDA:
Fixed satellite services $ 44.1 $ 74.0 $ 219.9 $ 263.4
Satellite manufacturing and
technology before valuation
allowances 1.1 (12.1) 50.6 24.2
Satellite manufacturing and
technology valuation
allowances (1) (58.0) - (69.2) -
Corporate expenses (10.6) (3.8) (36.8) (37.5)
-------- -------- ---------- ----------
Segment EBITDA before
eliminations (23.4) 58.1 164.5 250.1

Eliminations (20.8) (5.4) (59.5) (27.5)
-------- -------- ---------- ----------
EBITDA AS REPORTED (1) (44.2) 52.7 105.0 222.6

Depreciation and amortization (45.4) (61.7) (187.0) (227.8)
-------- -------- ---------- ----------
Operating loss (89.6) (9.0) (82.0) (5.2)

Interest and investment
expense, net (18.5) (34.2) (64.2) (155.0)
(Loss) gain on debt exchanges
and investments, net (1.3) 33.9 (1.2) 33.9
-------- -------- ---------- ----------
PRETAX LOSS (109.4) (9.3) (147.4) (126.3)

Income tax expense (353.2) (9.9) (355.0) (2.2)
-------- -------- ---------- ----------

LOSS AFTER TAXES (462.6) (19.2) (502.4) (128.5)
Equity in affiliate
losses and other (25.2) (11.3) (76.5) (66.3)
Cumulative effect of change in
accounting principle, relating
to goodwill in 2002, net of
taxes (13.8) - (890.3) (1.7)
-------- -------- ---------- ----------

Net loss (501.6) (30.5) (1,469.2) (196.5)

Preferred dividends (21.8) (11.9) (89.2) (80.7)
-------- -------- ---------- ----------

NET LOSS - COMMON SHAREHOLDERS $(523.4) $ (42.4) $(1,558.4) $ (277.2)

Less cumulative effect of change
in accounting principle,
relating to goodwill in 2002 13.8 - 890.3 1.7
-------- ------- ---------- ----------

NET LOSS - COMMON SHAREHOLDERS
before cumulative effect of
change in accounting principle,
relating to goodwill in 2002 $(509.6) $ (42.4) $ (668.1) $ (275.5)
======== ======== ========== ==========

Weighted shares outstanding -
Basic and Diluted 421.9 335.9 372.7 323.8
======== ======== ========== ==========

Loss per share - Basic and
Diluted $ (1.24) $ (0.13) $ (4.18) $ (0.86)
======== ======== ========== ==========

LOSS PER SHARE - BASIC AND
DILUTED before cumulative effect
of change in accounting
principle, relating to goodwill
in 2002 $ (1.21) $ (0.13) $ (1.79) $ (0.85)
======== ======== ========== ==========

(1) Represents non-cash charges in connection with advances related to
Europe*Star and an agreement reached with a customer to convert
vendor financing receivables into the customer`s equity.

-0-

LORAL SPACE & COMMUNICATIONS LTD.

Supplemental Financial Data
(In millions)

Three Months Year
Ended Ended
December 31, December 31,
----------------- ---------------------
2002 2001 2002 2001
-------- -------- ---------- ----------

BOOKINGS
Fixed satellite services $ 106.1 $ 91.3 $ 423.1 $ 457.8
Satellite manufacturing and
technology 163.5 404.9 183.3 795.0
Intercompany eliminations (97.6) 31.9 (153.3) 37.3
-------- -------- ---------- ----------
Total bookings 172.0 528.1 453.1 1,290.1
Debookings (102.8) (208.3) (280.0) (641.4)
-------- -------- ---------- ----------
NET BOOKINGS $ 69.2 $ 319.8 $ 173.1 $ 648.7
======== ======== ========== ==========


December December
31, 31,
2002 2001
---------- ----------

FUNDED BACKLOG
Fixed satellite services $ 1,368.0 $ 1,485.7
Satellite manufacturing and
technology 762.9 1,567.3
---------- ----------
Total funded backlog 2,130.9 3,053.0

Intercompany eliminations (308.2) (305.1)
---------- ----------
NET FUNDED BACKLOG $ 1,822.7 $ 2,747.9
========== ==========

CASH & UNUSED BANK CREDIT (1) $ 132.0 $ 229.3
========== ==========

Condensed Balance Sheets
(In millions)

December December
31, 31,
2002 2001
---------- ----------

Cash and equivalents $ 65.9 $ 159.9

Other current assets 324.5 402.2
---------- ----------

Total current assets 390.4 562.1

Property, plant & equipment, net 1,897.3 1,977.4

Cost in excess of net assets
acquired, net - 891.7

Other assets 405.1 995.0
---------- ----------

Total assets $ 2,692.8 $ 4,426.2
========== ==========

Current portion of debt $ 131.9 $ 136.6

Other current liabilities 329.2 447.9
---------- ----------

Total current liabilities 461.1 584.5

Long-term debt 2,112.6 2,226.5

Other long-term liabilities and
minority interest 348.2 264.3

Convertible redeemable preferred
stock 125.1 -

Shareholders` equity (354.2) 1,350.9
---------- ----------

Total liabilities and
shareholders` equity $ 2,692.8 $ 4,426.2
========== ==========


(1) Includes unused bank credit of $66.1 million and $69.4 million as
of December 31, 2002 and December 31, 2001, respectively.



--------------------------------------------------------------------------------
Contact:
Loral Space & Communications, New York
Jeanette Clonan or John McCarthy, 212/697-1105



--------------------------------------------------------------------------------
Source: Loral Space & Communications

[Gatsby2]

Press Release Source: Loral Skynet


Loral Skynet Completes Its Integration with Loral CyberStar
Wednesday April 2, 10:36 am ET
Visit the New Loral Skynet at the Las Vegas Convention Center (Booth Number N1450) from April 7-10, 2003 at NAB 2003


BEDMINSTER, N.J.--(BUSINESS WIRE)--April 2, 2003-- Loral Skynet, a subsidiary of Loral Space & Communications (NYSE:LOR - News), today announced it has completed the integration of its business activities with Loral CyberStar, allowing the new Loral Skynet to offer its customers a combination of fixed satellite and network services from a single source.
In September 2002, Loral announced that it would combine the activities of its Skynet and CyberStar units to respond to customer demands for global networking and more end-to-end solutions from a single provider.

"Integrating fixed satellite services with a robust networking and engineering capability is key to success in our industry," said Terry Hart, president, Loral Skynet. "The combination of Skynet and CyberStar allows the new Loral Skynet to offer complete satellite solutions. We look forward to working with our customers on new networking opportunities, in addition to continuing our heritage satellite service business."

As part of the integration, Loral Skynet has named Robert A. Hedinger to the position of executive vice president of sales, marketing and client services. Reporting to Terry Hart, Mr. Hedinger is responsible for Skynet`s sales and marketing strategy and will lead a team of professionals across Skynet`s three product lines - Satellite Services, Network Services and Professional Services.

Mr. Hedinger was previously Skynet`s executive vice president of business development.

"The new Skynet is responsive and market driven, taking advantage of our established solutions for both our satellite services and our network solutions through a streamlined organization," said Hedinger. "We are excited about Skynet`s combined business and expect to capitalize on new opportunities as we launch three new satellites into key global markets and continue to develop our network services platform."

In addition to its core fixed satellite services business, Loral Skynet offers both Network Services and Professional Services.

Skynet Network Services uses innovative VSAT and terrestrial technology to distribute data, voice and video anywhere in the world. The Network Services portfolio includes:

-0-

-- Mesh voice/data networks -- Tier 2 ISP services
-- IP and MPEG video services -- Corporate communications
-- Global WAN connectivity -- E-Learning and training systems
-- Multicast services -- Large-file distribution
-- Videoconferencing -- Teleport services
-- Internet backbone connectivity


Skynet Professional Services, a team of world-class network architects, engineers, program managers and satellite operations professionals, provide customized services that satisfy unique customer needs in deploying satellites and network services. This includes:

Satellite operational services (TT&C)
Network architecture design
Regulatory issue management
Unique, customized distribution solutions, such as
"centralcasting"

To learn more about these product lines, visit Loral Skynet`s booth at the Las Vegas Convention Center (number N1450) during NAB 2003 in Las Vegas from April 7-10, 2003.

A pioneer in the satellite industry, Loral Skynet continues to deliver the superior quality of service and range of satellite solutions that have made it an industry leader for more than 40 years.

Through the broad coverage of the Telstar and Loral Global Alliance satellite fleets, its established hybrid VSAT/fiber global network infrastructure, Skynet offers a unique, single source for all broadcast, data network, Internet access, IP and systems integration needs.

Headquartered in Bedminster, New Jersey, Skynet is dedicated to providing secure, high-quality connectivity and communications. For more information, visit www.loralskynet.com.

Loral Space & Communications is a satellite communications company. In addition to its Skynet satellite services business, Loral also is a world-class leader in the design and manufacture of satellites and satellite systems for commercial and government applications through its Space Systems/Loral subsidiary. For more information, visit www.loral.com.

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, Loral Space & Communications Ltd. or its representatives have made or may make forward-looking statements, orally or in writing, which may be included in, but are not limited to, various filings made by the company with the Securities and Exchange Commission, press releases or oral statements made with the approval of an authorized executive officer of the company. Actual results could differ materially from those projected or suggested in any forward-looking statements as a result of a wide variety of factors and conditions, which have been described in the section of the company`s annual report on Form 10-K for the fiscal year ended December 31, 2002, entitled "Certain Factors That May Affect Future Results," and the company`s other filings with the Securities and Exchange Commission. The reader is specifically referred to these documents.



--------------------------------------------------------------------------------

[Gatsby2]

Press Release Source: Loral Skynet


Loral Skynet and The Andrita Studios, Inc. to Develop Digital Programming Platform on Telstar 7
Thursday April 3, 2:31 pm ET
MCPC Platform Allows Cable Programmers and Operators Easier Distribution and Reception of Channels


BEDMINSTER, N.J.--(BUSINESS WIRE)--April 3, 2003-- Loral Skynet, a subsidiary of Loral Space & Communications (NYSE: LOR - News), today announced that it has signed an agreement with The Andrita Studios, Inc., Los Angeles, Calif., to create a new digital cable distribution platform on Loral`s Telstar 7 satellite.

The Loral Skynet and Andrita Studios platform will deliver what cable operators have long preferred: that new digital networks be delivered on platforms with other popular digital services. The technology, known as multiple-channels-per-carrier or MCPC, will allow distribution of multiple digital channels or networks through a single transponder.

Loral Skynet`s MCPC platform will be based on Motorola`s DigiCipher® II compression technology and anchored by a suite of Playboy TV programming, originating from the new Andrita Studios facility. The Andrita Studios is a 106,000 square foot facility featuring state-of-the-art sound stages, production facilities and origination and uplinking facilities for up to 24 cable networks. Twelve Playboy TV and Spice Digital Networks are currently anchor tenants at The Andrita Studios and comprise a strong digital neighborhood on Telstar 7 that is distributed to virtually every cable MSO as well as DirecTV and EchoStar.

"As the satellite universe continues to grow its programming options, we`re pleased to continue expanding our relationship with Loral Skynet to develop more advanced and efficient means of delivery," said Jeff Jenest, general manager of The Andrita Studios. "This MCPC platform, which can only be offered by satellite, was developed with both the programmer and the cable operator in mind in order to simplify and streamline the way we distribute a widely varied programming menu."

Terry Hart, president, Loral Skynet stated, "Cable operators prefer that new digital networks be grouped with other popular digital services. This allows for efficient use of their facilities by enabling the distribution of multiple digital networks directly to viewers` set top boxes and providing programmers with proven anchor content and a competitive edge."

Telstar 7, ideally located in the heart of the popular cable neighborhood at 129 degrees West longitude, is the first satellite in what Loral Skynet has named to its Cable Zone(TM). Loral Skynet`s cable-focused services will expand with the addition of Telstar 13 later this year, to be located at 121 degrees west Longitude. Loral Skynet will use Telstar 13`s 24 C-band transponders to complement its Telstar 7 satellite, allowing the company to offer greater service capabilities and to provide enhanced backup to customers in the cable industry across the US.

A pioneer in the satellite industry, Loral Skynet continues to deliver the superior quality of service and range of satellite solutions that have made it an industry leader for more than 40 years. Through the broad coverage of the Telstar and Loral Global Alliance satellite fleets, its established hybrid VSAT/fiber global network infrastructure, Skynet offers a unique, single source for all broadcast, data network, Internet access, IP and systems integration needs. Headquartered in Bedminster, New Jersey, Skynet is dedicated to providing secure, high-quality connectivity and communications. For more information, visit www.loralskynet.com.

Loral Space & Communications is a satellite communications company. In addition to its Skynet satellite services business, Loral also is a world-class leader in the design and manufacture of satellites and satellite systems for commercial and government applications through its Space Systems/Loral subsidiary. For more information, visit http://www.loral.com.

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, Loral Space & Communications Ltd. or its representatives have made or may make forward-looking statements, orally or in writing, which may be included in, but are not limited to, various filings made by the company with the Securities and Exchange Commission, press releases or oral statements made with the approval of an authorized executive officer of the company. Actual results could differ materially from those projected or suggested in any forward-looking statements as a result of a wide variety of factors and conditions, which have been described in the section of the company`s annual report on Form 10-K for the fiscal year ended December 31, 2002, entitled "Certain Factors That May Affect Future Results," and the company`s other filings with the Securities and Exchange Commission. The reader is specifically referred to these documents.



--------------------------------------------------------------------------------

[Gatsby2]

Press Release Source: Loral Skynet


Loral Skynet Launches Skyreach, a Global IP-Based Solution for Private Networks and High-Speed Internet Access
Tuesday April 8, 12:59 pm ET
Visit Loral Skynet at the Las Vegas Convention Center (number N1450) during NAB 2003 in Las Vegas from April 7-10, 2003


BEDMINSTER, N.J.--(BUSINESS WIRE)--April 8, 2003-- Loral Skynet, a subsidiary of Loral Space & Communications (NYSE: LOR - News), today announced the introduction of SkyReach, a group of Internet protocol (IP)-based services that provide secure private networks and high-speed Internet access using Skynet`s established global infrastructure.

"SkyReach provides our customers with a single global platform for both enterprise-grade networking and high-speed Internet access," said Terry Hart, president, Loral Skynet. "SkyReach ensures that each location, however geographically or technologically challenged, has high-quality and reliable access to both its private intranets as well as the public Internet."

Using very small aperture terminal (VSAT) and fiber infrastructure, teleports and network operating centers in North America, Europe and Asia, SkyReach will deliver a wide-range of one-way and two-way IP services around the world. Flexible, scaleable and easily deployed, SkyReach gives organizations an instant global wide area network (WAN), Internet access and cost-effective IP applications.

SkyReach provides:

The highest-speed return channel: Support from 256 kbps up to 2 mbps.

Global coverage: Comprehensive intercontinental coverage is provided by Skynet`s fully integrated global network of satellites and ground-based infrastructure.

Simplicity of bandwidth upgrade: A simple phone call allows customers to request specific-location or network-wide bandwidth upgrades that are fulfilled quickly by remote network management.

One-source vendor: From space segment and system design to equipment installation and ongoing maintenance, Skynet provides a one-stop shop for all elements of the network.

Using VSATs, SkyReach allows organizations to create an instant infrastructure for a network that can connect offices within a city or around the globe. Using an IP infrastructure that incorporates digital video broadcast/return channel satellite (DVB-RCS) open standards, SkyReach supports C-, Ku- and Ka-band frequencies, offers higher throughput and efficiency than current VSAT networks and allows end-users to easily interchange on-site equipment.

SkyReach supports current IP-network services including:

Private networks
Frame-relay/MPLS backup and remote connectivity
Managed data services
Thin client/ASP edge caching (at the terminal)
Internet/intranet access
Bandwidth on demand
Always on broadband connectivity
SkyReach can enable new, IP-based services, including:

Video point of sale (POS): In-store advertising and movie preview kiosks, for example
Supervisory control and data acquisition (SCADA)
Large-file transfer
Videoconferencing and two-way interactive services
Broadcast and multicast services
Audio and video distribution (e.g., streaming, video on demand, customer kiosks)
Voice services (e.g., voice over IP)
A pioneer in the satellite industry, Loral Skynet continues to deliver the superior service quality and range of satellite solutions that have made it an industry leader for more than 40 years. Through the broad coverage of the Telstar and Loral Global Alliance satellite fleets, and in combination with its established hybrid VSAT/fiber global network infrastructure, Skynet offers a unique, single source for all broadcast, data network, Internet access, IP and systems integration needs. Headquartered in Bedminster, New Jersey, Skynet is dedicated to providing secure, high-quality connectivity and communications. For more information, visit http://www.loralskynet.com.

In addition to being the parent company of Loral Skynet, Loral Space & Communications is a world-class leader in the design and manufacture of satellites and satellite systems for commercial and government applications through its Space Systems/Loral subsidiary. For more information, visit http://www.loral.com.

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, Loral Space & Communications Ltd. or its representatives have made or may make forward-looking statements, orally or in writing, which may be included in, but are not limited to, various filings made by the company with the Securities and Exchange Commission, press releases or oral statements made with the approval of an authorized executive officer of the company. Actual results could differ materially from those projected or suggested in any forward-looking statements as a result of a wide variety of factors and conditions, which have been described in the section of the company`s annual report on Form 10-K for the fiscal year ended December 31, 2002, entitled "Certain Factors That May Affect Future Results," and the company`s other filings with the Securities and Exchange Commission. The reader is specifically referred to these documents.



--------------------------------------------------------------------------------

[Micky_Maus]

Geht ja ziemlich runter dieser Tage. Hmm..., die letzten Q-Zahlen waren wieder mal schlecht, ziemlich hoher Verlust.

Loral will den Focus in 2003 auf Schuldenreduzierung legen. Vom AllTimeLow (o,22$) fehlt nimmer viel. Zuletzt bekam der Kurs immer wieder den Bogen.

[Micky_Maus]

+14%


Intelsat To Purchase Loral’s Rights to Satellite-Performance Payments

By PETER B. de SELDING
Space News Staff Writer

PARIS — Intelsat and Loral Space & Communications are finalizing a deal in which Intelsat would purchase Loral’s rights to future satellite-performance payments for $60 million, or one-third their potential value, according to industry officials.

The incentive payments were written into Loral’s contract to build the Intelsat 9 series of satellites for Intelsat.

Officials said the pending agreement also involves the Chinasat 8 satellite, which has been awaiting delivery by Loral to a Chinese customer for two years but has been blocked by the U.S. government’s refusal to issue the necessary

[Gatsby2]

Micky, in den letzten 8 Handelstagen hat jemand bei LOR recht planvoll ziemlich heftig eingekauft (so um 8 Mio Stück bis jetzt). Nachrichtenmäßig dürfte insbesondere die anstehende Einigung im Insolvenzverfahren von Globalstart interessant werden, während es heute nur eine Nebensächlichkeit gab.

Press Release Source: Space Systems/Loral


Space Systems/Loral Completes Structural Testing of World`s Largest Commercial Communications Satellite
Wednesday April 16, 4:15 pm ET


PALO ALTO, Calif.--(BUSINESS WIRE)--April 16, 2003--Space Systems/Loral (SS/L), a subsidiary of Loral Space & Communications (NYSE: LOR - News), has completed static loads testing of iPSTAR-1, the world`s largest commercial communications satellite with a launch weight of 14,900 pounds (6775 kilograms).
Source: Space Systems/Loral

iPSTAR-1 is being built by SS/L at its Palo Alto, California facility for Shin Satellite, Plc of Thailand.

Static loads testing validates the spacecraft structure and its ability to carry the loads it will experience during the satellite`s manufacturing, launch and operation in geosynchronous orbit.

Shin Satellite will use the spacecraft to provide broadband Internet services throughout a large portion of Asia, Australia and New Zealand. With eighty-four spot beams and a total throughput capability of approximately 40 gigabytes per second, iPSTAR-1 will support individual user data rates of up to eight megabytes per second forward link and four megabytes per second return link to as many as eight million users. Service prices will be comparable to ground-based broadband technologies, ushering in a new era in satellite delivered broadband services. Launch is planned for early 2004 into an orbital slot at 120 degrees East longitude.

Space Systems/Loral is a premier designer, manufacturer, and integrator of powerful satellites and satellite systems. SS/L also provides a range of related services that include mission control operations and procurement of launch services. Based in Palo Alto, Calif., the company has an international base of commercial and governmental customers whose applications include broadband digital communications, direct-to-home broadcast, defense communications, environmental monitoring, and air traffic control. SS/L is ISO 9001 certified. For more information, visit http://www.ssloral.com.

Shin Satellite, a turnkey satellite operator, provides C-band and Ku-band transponder leasing, teleport and other value-added and engineering services to users in Asia, Africa, Europe and Australasia. Shin Satellite owns and operates Thaicom 1A, 2, and 3. Thaicom 1A is located at 120 degrees East, and Thaicom 2 and 3 are both located at 78.5 degrees East with a total capacity of 49 C-band and 20 Ku-band transponders offering over 70 channels. Thaicom is a hotbird for Indochina and India, an emerging platform of choice for transcontinental Sat TV broadcasts from Europe to Australia. The company has spent years researching and developing new technology to make Internet via satellite more efficient, thus reducing costs and improving the service to end-users.

Loral Space & Communications is a satellite communications company. Through its Skynet subsidiary, it owns and operates a global fleet of telecommunications satellites used by television and cable networks to broadcast video entertainment programming, and by communication service providers, resellers, corporate and government customers for broadband data transmission, Internet services and other value-added communications services. Loral also is a world-class leader in the design and manufacture of satellites and satellite systems through its Space Systems/Loral subsidiary. For more information, visit Loral`s web site at http://www.loral.com.

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, Loral Space & Communications Ltd. or its representatives have made or may make forward-looking statements, orally or in writing which may be included in, but are not limited to, various filings made by the company with the Securities and Exchange Commission, press releases or oral statements made with the approval of an authorized executive officer of the company. Actual results could differ materially from those projected or suggested in any forward-looking statements as a result of a wide variety of factors and conditions which are described in the section of the company`s annual report on Form 10-K for the fiscal year ended December 31, 2002, entitled "Certain Factors That May Affect Future Results," and the company`s other filings with the Securities and Exchange Commission. The reader is specifically referred to these documents.

Note: A photo is available at URL:

http://www.businesswire.com/cgi-bin/photo.cgi?pw.041603/bb5



--------------------------------------------------------------------------------

[Gatsby2]

Government-Industry Satellite Partnerships Need to Be Revamped
By Leonard David
Senior Space Writer
posted: 09:00 pm ET
09 April 2003

COLORADO SPRINGS, Colo -- New government and industry partnerships can help commercial satellite operators to survive and thrive over economically bumpy times.

Ways to transform government-industry partnerships were addressed here at the 19th National Space Symposium.

In the satellite industry, it’s not all bad news, despite a sluggish global economy in 2002, said Richard DalBello, president of the Satellite Industry Association (SIA). The satellite industry continues to make significant progress, he said.

Direct-to-home revenue

SIA statistics released this week show the commercial satellite industry generated $86.8 billion in revenue in 2002 -- an increase of 10 percent over 2001 industry revenues.

Satellite industry revenues were driven primarily by Direct-To-Home services, which accounted for $42.5 billion, roughly 49 percent of the entire industry’s revenues.

Satellite industry statistics that DalBello based his comments on were compiled in cooperation with the Futron Corporation.

White House space directives

For its part, the Bush Administration is working on a set of space-related directives, said Bretton Alexander, Senior Policy Analyst for the White House of Science and Technology Policy.

"We have taken pains to include industry input into the policy process," Alexander said. The overall health partnerships of industry and government ebb and flow over time, he admitted.

Alexander noted that the White House -- perhaps within the next few weeks -- plans to issue a government directive that will greatly influence the commercial remote sensing industry.

Shuttle/space plane

In the space transportation arena, another directive will help sort out major access to space issues, Alexander said.

That directive was 95 percent complete prior to the Columbia tragedy. The accident put work on the space transportation policy on hold, Alexander added.

When released, the White House directive will deal with several key issues. One hot-button issue is the balance between space shuttle upgrades to keep the orbiters flying into the 2015-2020 time frame contrasted to new work -- and new money -- for building NASA’s new Orbital Space Plane.

Satellite services

William Ballhaus, Senior Vice President of System Engineering for Boeing Satellite Systems, highlighted dramatic restructuring of the commercial satellite industry to provide new types of services.

Ballhaus said he expects the commercial satellite industry to be on the rebound. More advanced digital signal processing, phased arrays, as well as optical communications technology will further stimulate new markets, he said.

Mission success is clearly top priority, and suppliers for commercial or government satellites must strive to deliver products on time and work as promised, Ballhaus said.

Dance, dating, and living together

Michael Butler, Managing Director and Chief Operating Officer for Inmarsat Ltd., said that government should involve commercial operators much earlier in planning for new satellite systems.

"It takes two to dance," Butler said.

Similar in view was Susan Miller, President of Intelsat’s Government Solutions Corporation.

Miller also underscored the need for stronger partnerships between industry and government. Furthermore, due to high up-front costs to implement satellite systems and services, greater risk sharing between the two is critical, she said.

For the medium to long term, there’s no more dating, Miller said. While marriage may not be required, "let’s at least live together," she said.

Walk in each other’s shoes

While the commercial remote sensing business of looking down on Earth is still struggling, things are looking up.

That’s the attitude of Herbert Satterlee, President and Chief Executive Officer for DigitalGlobe.

Satterlee said that their web site is now getting a million hits an hour due to the current Iraqi conflict.

"We still believe the commercial market has tremendous potential…it just takes time," Satterlee said. One way to help stabilize the private remote sensing business is for each -- the government and industry -- to better appreciate each other’s perspectives.

"We don’t understand the government business…and I don’t think they understand the commercial business," Satterlee said. "We need to walk in each other’s shoes for a while," he concluded.

[HetfieId]

USA +29% mit großem Volumen
In Deutschland null Handel

[HetfieId]

LOR 10:33am 0.462 +0.062 +15.50% N/A N/A 0.462 0.47

[Mannerl]

Loral Space & Communications veröffentlicht Quartalszahlen

Der Satellitenbetreiber Loral Space & Communications präsentierte am heutigen Mittwoch der Wall Street die Zahlen für das erste Quartal. Demnach betrug der operative Verlust 29 Mio. Dollar. Ein Jahr zuvor hatte man noch einen Gewinn von 15 Mio. Dollar eingefahren. Das Vorsteuerergebnis fiel von 1,5 Mio. Dollar im Vorjahreszeitraum auf -37,6 Mio. Dollar.

Dennoch verringerte sich der Nettoverlust von 908,3 Mio. Dollar bzw. 2,69 Dollar je Aktie auf 51,6 Mio. Dollar oder 12 Cents je Anteilschein. Das Ergebnis für das vergangene Jahr beinhaltet jedoch eine Einmalbelastung von 876,5 Mio. Dollar. Ohne diesen Sondereffekt hätte der Nettoverlust im letzten Jahr 31,8 Mio. Dollar bzw. 9 Cents je Aktie betragen. Der Umsatz im Berichtszeitraum sank von 308 auf 198 Mio. Dollar.

Erwartet hatten die Analysten einen Verlust je Aktie von 9 Cents und einen Umsatz von 257 Mio. Dollar. Für das laufende Quartal prognostizieren die Wall-Street-Experten einen Verlust je Titel von 8 Cents.

[Mannerl]

[Mannerl]

ein drittel weniger Umsatz....

[Mannerl]

[Mannerl]

das ist der Chef!

[Mannerl]

Stock Market Ratings by StockPickReport.com


Loral Space & Communications (NYSE:LOR) - SELL -

[Micky_Maus]

Loral führt Reverse-Split 1:10 durch, um weiteres Listing an der Nasdaq zu gewährleisten.

[Micky_Maus]

Fette Kursverluste die letzten Tage, im Yahoo-(Lügen)Board habe ich schon was von Chapter 11 gelesen.

Wer Loral langfristig beobachtet, weiß dass Kursrückschläge immer excellente Kaufgelegenheiten waren.

Deutsche WKN 766050 (Handel z.Zt. nur Frankfurt/Düsseldorf)

[Mannerl]

Loral To Pay Alcatel $13M

Jul 02, 2003 (Interspace/PBI Media via COMTEX) -- New York-based Loral Space &
Communications [NYSE: LOR] and Paris-based Alcatel [NYSE: ALA] announced this
week that they had reached a settlement resolving all outstanding issues between
them, including a contract dispute that has been in arbitration since 2001.

Loral will pay Alcatel $5 million now and an additional $8 million within one
year. As part of the settlement, Alcatel will transfer its minority interest in
CyberStar to Loral, and Loral will transfer to Alcatel its minority interests in
two Alcatel affiliates - Europe*Star and SkyBridge.

In addition, Alcatel, Intelsat and Loral have agreed that Intelsat will pay
Alcatel directly, rather than through Loral, for Alcatel`s share of incentives
on the Intelsat IX and VII satellite programs. Alcatel expects these payments to
reach $60 million over the next few years.

[Mannerl]

Space Systems/Loral Earns ISO 9001:2000 Quality Management Certification Rigorous Quality Standard Earned Six-Months Ahead of Plan

PALO ALTO, Calif., Jul 7, 2003 (BUSINESS WIRE) -- Space Systems/Loral (SS/L), a
subsidiary of Loral Space & Communications (NYSE: LOR), today announced that it
has received the International Organization for Standardization`s (ISO)
9001:2000 certification, a standard requiring rigorous, internationally accepted
quality management practices.

ISO 9001:2000 is a set of quality standards established specifically for
manufacturers as part of its overall ISO 9001 family of international standards.
ISO 9001:2000 certification represents excellence in overall quality management
that embraces a company`s total inventory of methods and procedures to create
and deliver a product or service free of deficiencies. The Quality Management
System is applicable to design, manufacture, integration and support of
satellite systems and associated ground support equipment.

"We are pleased to have been certified to the rigorous 2000 standard, reflecting
SS/L`s continuing commitment to quality in all our operations," stated Pat
DeWitt, SS/L`s president. "The ISO certification, received six months ahead of
our plan, reassures our customers that SS/L satellites are manufactured to meet
the highest standards of reliability."

The 2000 standard is different from the existing (1994) standard, in that it
focuses on the practices in every company function, from marketing to on-orbit
operations. Increased emphasis is given to customer satisfaction, management by
objectives, process improvement, and adherence to our own policies, practices
and procedures. ISO will conduct sampling audits of SS/L every six months to
ensure that the high standards are maintained.

Space Systems/Loral is a premier designer, manufacturer, and integrator of
powerful satellites and satellite systems. SS/L also provides a range of related
services that include mission control operations and procurement of launch
services. Based in Palo Alto, Calif., the company has an international base of
commercial and governmental customers whose applications include broadband
digital communications, direct-to-home broadcast, defense communications,
environmental monitoring, and air traffic control. For more information, visit
www.ssloral.com.

[ustrading]

gerade läuft es über die US-Ticker LOR meldet Chapter 11

[Mannerl]

gut dass dieser Wert nicht in mein Depot liegt!

MFG
Mannerl

[Mannerl]

Loral Reaches Agreement to Sell Six Satellites to Intelsat for up to $1.1 Billion; Files Voluntary Chapter 11 Petition as Precondition to Transaction


NEW YORK, Jul 15, 2003 (BUSINESS WIRE) -- Loral Space & Communications Ltd.
(NYSE: LOR)--



-- Will Reorganize Around Five-Satellite Network And Satellite

Manufacturing Operations



-- Sale Proceeds To Be Used To Significantly Reduce Debt



-- Space Systems/Loral To Receive Order For New Satellite From

Intelsat

Loral Space & Communications Ltd. (NYSE: LOR) today announced that it has
reached a definitive agreement to sell its six North American telecommunications
satellites to Intelsat, Ltd. for up to $1.1 billion in cash, subject to certain
price adjustments related to Loral`s ability to achieve specified operating
parameters prior to the close.

In conjunction with and as a precondition to this sale, Loral and certain of its
subsidiaries today filed voluntary petitions for reorganization under Chapter 11
of the U.S. Bankruptcy Code.

Loral intends to reorganize around its remaining fleet of five satellites and
its satellite manufacturing operations, allowing the company to go forward as a
viable enterprise with opportunities for future growth. The Chapter 11 filing,
made today in the U.S. Bankruptcy Court for the Southern District of New York,
will enable Loral to sell the six North American satellites free and clear of
any encumbrances.

It was also announced today that Intelsat has agreed to order a new satellite
from Loral and will make a $100 million down payment on that order upon closing
of the sale of the North American satellites.

Loral expects to use most of the proceeds from the sale of the North American
satellites to repay all $959 million of its outstanding secured bank debt. The
transaction is expected to close within four to six months, pending Bankruptcy
Court and regulatory approval. The agreement provides for the sale of Telstars
4, 5, 6 and 7, which are currently in orbit, as well as Telstars 13 and 8, which
are scheduled to be launched later this year and in the first half of next year,
respectively.

Through its Skynet subsidiary, Loral will continue to operate an integrated
fixed satellite and network services business using its fleet of five
telecommunications satellites and its established VSAT/fiber global network
infrastructure. The Loral fleet will consist of the Telstar 10, 11 and 12
satellites currently in orbit and Telstar 18/Apstar V and Telstar 14/Estrela do
Sul, which are scheduled to be launched within the next nine months. This fleet
serves markets in South America, Europe and Asia that the company believes are
currently underserved and have potential for growth.

Loral will also continue to own and operate Space Systems/Loral (SS/L), a
world-class leader in the design and manufacture of satellites and satellite
systems for commercial and government applications and one of only five such
manufacturers in the world.

Bernard L. Schwartz, chairman and chief executive officer of Loral, said:
"Loral`s principal challenge has been to overcome the effects of the prolonged
economic downturn that led to the lack of satellite manufacturing orders across
the industry and a slowdown in growth of fixed satellite services (FSS). We have
concluded that a sale of the North American satellites, coupled with a Chapter
11 reorganization, represents the best way to resolve the financial difficulties
that have resulted from the downturn. We will be able to use the substantial
cash proceeds generated by this transaction to reduce our secured debt, while
allowing Loral to reorganize around its remaining satellite fleet and satellite
manufacturing business."

Loral believes that it currently has adequate cash on hand and cash flow from
operations to continue normal operations and customer support. Accordingly, the
company has decided not to obtain third-party debtor-in-possession (DIP)
financing at this time. Loral will continue to evaluate its liquidity needs on
an ongoing basis.

On June 30, Loral announced that it had collected $55 million in cash from
Intelsat, resulting from an acceleration of a receivable for agreed-upon orbital
performance payments. Separately, the company also announced on June 30 that it
had reached a settlement with Alcatel resolving all outstanding issues between
them including a contract dispute that had been in arbitration.

Today`s actions follow a confluence of events that have severely affected
Loral`s financial performance in recent years. These include overcapacity in the
existing global satellite universe, which created a severe drought in orders for
new satellites; the collapse of the capital markets, which hampered the ability
of many of Loral`s customers to raise capital for planned projects and also
hindered the company`s own plans to raise capital; and a significant reduction
in FSS demand from telecommunications providers, particularly from
Internet-related companies.

Loral currently has approximately $2.1 billion in long-term debt (including the
$959 million of bank debt), resulting mainly from its investments in Globalstar
as well as the rapid build-up of its FSS fleet, which has demonstrated its value
over time through its strong cash flow and EBITDA performance.

Mr. Schwartz said: "Our investment in the North American fleet yielded an
attractive return. At the same time, we are encouraged about the prospects for
the FSS fleet that will remain after the sale is completed. In particular, we
believe our markets in South America and Asia are under-served and have growth
potential.

"We also believe that Space Systems/Loral is an attractive asset at a time when
the satellite manufacturing industry worldwide is poised for consolidation and
is experiencing early indications of an upturn in new orders. Our objective for
SS/L is to allow it to move forward as an integrated, ongoing concern with the
financial resources it needs to grow."

In addition to the satellite order from Intelsat, SS/L recently was awarded a
$113 million contract to provide batteries and power systems for the
International Space Station. Earlier this year, WildBlue Communications Corp.,
Denver, Colo. ordered a restart from SS/L of its WildBlue-1 satellite program.

The company believes that its plan to substantially reduce long-term debt and
interest expense going forward should help address concerns customers and
suppliers may have had about its financial condition. Moreover, one of the
benefits of the Chapter 11 process is that the company`s obligations to
customers and suppliers made after the filing are treated more favorably under
the Bankruptcy Code than similar obligations made before the filing.

In conjunction with the Chapter 11 filing, Loral will file shortly a motion with
the court seeking approval of procedures for the sale of the six North American
satellites. In accordance with these procedures, the proposed transaction with
Intelsat will be subject to higher and better offers. The company has also filed
other customary "First Day Motions" to support its employees, customers and
suppliers. The company expects that employees will continue to receive their
customary salaries and benefits. Suppliers will be paid under normal terms for
goods and services provided on or after the petition filing date of July 15,
2003. Loral today also began a similar legal proceeding in Bermuda, where it is
incorporated.

"We regret deeply the impact that a Chapter 11 filing will have on many of our
stakeholders - particularly our shareholders, who have been so patient and loyal
during these turbulent times," Mr. Schwartz said. "Loral`s senior management has
worked ceaselessly to try to avoid such a filing, but we have reluctantly
concluded that the asset sale and debt reduction could only be achieved through
the Chapter 11 reorganization process. We intend to move through this process as
quickly as possible."

Loral Space & Communications is a satellite communications company. It owns and
operates a global fleet of telecommunications satellites used by television and
cable networks to broadcast video entertainment programming, and by
communication service providers, resellers, corporate and government customers
for broadband data transmission, Internet services and other value-added
communications services. Loral also is a world-class leader in the design and
manufacture of satellites and satellite systems for commercial and government
applications including direct-to-home television, broadband communications,
wireless telephony, weather monitoring and air traffic management. For more
information, visit Loral`s web site at www.loral.com.

[Mannerl]

Intelsat Signs Agreement to Purchase Loral`s North American Satellite Services Assets


HAMILTON, Bermuda, Jul 15, 2003 (BUSINESS WIRE) -- Purchase of Satellites and
Orbital Locations Adds Complete U.S. Coverage to Intelsat`s Global System;
Increases Its Presence in the Cable Television and Broadcasting Market

Intelsat, Ltd., a global satellite communications leader providing services in
over 200 countries and territories, today announced that it has signed a $1.0
billion definitive asset purchase agreement with Loral Space & Communications
Corporation for six satellites and the rights to their orbital locations. The
proposed acquisition of the Loral assets would complement Intelsat`s global
network, which includes capacity on 26 satellites, by adding complete coverage
of the important North American market and by increasing Intelsat`s customer
base in the cable television and broadcasting segments. The total consideration
for the assets may increase or decrease based on business performance and as
provided for in the agreement.

Of the six satellites to be purchased, four are operational, serving cable
television, broadcast and private data network customers in North America. Two
satellites are currently under construction and are scheduled to be launched
into North American orbital locations in the coming year. Intelsat would assume
responsibility for launch and insurance-related costs for one of the satellites
currently under construction and would make a $100 million secured down payment
on a future satellite to be built by Space Systems/Loral to Intelsat`s
specifications.

"Intelsat has been pursuing a focused strategy that includes seeking strategic
transactions that enhance Intelsat`s service application mix and geographic
coverage," said Conny Kullman, chief executive officer of Intelsat. "This
transaction, if consummated, meets both of these objectives and enhances our
position as a global leader in the fixed satellite services sector. The
transaction would provide Intelsat a North American franchise that, given the
scarcity of orbital locations, is virtually impossible to build on an organic
basis and can be quickly integrated into our business."

Kullman continued, "We look forward to offering North American broadcast and
cable customers the high reliability, stability, and experience that Intelsat
has delivered for nearly 40 years. Existing and future customers will benefit
through global access and our investment in new technology and infrastructure.
This opportunity comes at a time when Intelsat`s satellite fleet replacement
program is nearing completion, and the resulting strong cash flows enable us to
adopt a transaction financing structure that preserves our strong balance
sheet."

Earlier today, Loral filed a voluntary petition for reorganization under Chapter
11 under the U.S. Bankruptcy Code (the "Code"), and the acquisition is expected
to occur at the conclusion of an auction process under Section 363(b) of the
Code. If approved by the bankruptcy court, the transaction will be subject to
the receipt of regulatory approvals and the satisfaction of other conditions.
The transaction is also subject to Intelsat shareholder approval. The company
has secured financing commitments, subject to certain conditions, for the full
transaction consideration, and the Intelsat Board of Directors has approved the
transaction. Intelsat expects that all required approvals could be obtained, and
conditions to closing could be satisfied, by early to mid-2004.

The assets to be purchased include the Telstar 4, Telstar 5, Telstar 6 and
Telstar 7 satellites, which today provide North American coverage from the 89
degrees W, 97 degrees W, 93 degrees W, and 129 degrees W orbital locations. The
agreement also includes two satellites currently under construction, Telstar 8
and Telstar 13. The Telstar 13 satellite, co-owned with EchoStar Communications
Corporation, is expected to launch in early August and will be located at the
121 degrees W orbital location. The Telstar 8 satellite is scheduled to launch
into the 89 degrees W orbital location in early 2004, at which time Telstar 4
will move to 77 degrees W. The in-orbit satellites to be acquired currently
carry traffic for premiere broadcasters, cable operators and private data
network operators, such as CBS and Fox Broadcasting, and have a contracted
backlog of approximately $550 million. Collectively, the satellites have an
average remaining orbital maneuver life of 13.7 years.

Morgan Stanley is acting as sole financial advisor to Intelsat in connection
with this transaction. In addition, Morgan Stanley is structuring the
acquisition financing for Intelsat. Sullivan & Cromwell LLP is acting as legal
advisor to Intelsat. Financing for the transaction will be arranged by
Citigroup, BNP Paribas and Morgan Stanley.

About Intelsat

Intelsat, Ltd. offers telephony, corporate network, video and Internet solutions
around the globe via capacity on 26 geosynchronous satellites in prime orbital
locations. Customers in approximately 200 countries rely on Intelsat satellites
and ground resources for quality connections, global reach and reliability. For
more information, visit www.intelsat.com.

Note: Some of the statements in this news release constitute forward-looking
statements that do not directly or exclusively relate to historical facts,
including statements relating to Intelsat`s view that the transaction, if
consummated, would enhance Intelsat`s position as a global leader in the fixed
satellite services sector of the satellite industry, the expectation that
existing and future customers will benefit as a result of the transaction, and
Intelsat`s ability to preserve its strong balance sheet. The Private Securities
Litigation Reform Act of 1995 provides a "safe harbor" for certain
forward-looking statements as long as they are identified as forward-looking and
are accompanied by meaningful cautionary statements identifying important
factors that could cause actual results to differ materially from the
expectations expressed or implied in the forward-looking statements. When used
in this news release, the words "will," "expect," and "believe" and other
similar expressions are intended to identify forward-looking statements. The
forward-looking statements made in this news release reflect Intelsat`s
intentions, plans, expectations, assumptions and beliefs about future events and
are subject to risks, uncertainties and other factors, many of which are outside
of Intelsat`s control.

These factors could cause Intelsat`s actual results to differ materially from
the expectations expressed or implied in the forward-looking statements and
include known and unknown risks. In connection with any proposed strategic
transaction, known risks include, but are not limited to, the failure to
complete a planned transaction or the need to modify aspects of the transaction
in order to obtain regulatory approvals; the inability to retain and continue to
serve successfully customers gained in connection with the transaction; the
inability to execute integration strategies successfully or to achieve planned
synergies or business goals; and the incurrence of unexpected costs of
integration. Known risks also include, but are not limited to, insufficient
market demand for the services offered by Intelsat; the quality and price of
services offered by Intelsat`s competitors; the risk of delay in implementing
Intelsat`s business strategy; Intelsat`s access to sufficient capital to meet
its operating and financing needs; changes in laws and regulations; political,
economic and legal conditions in the markets Intelsat is targeting for
communications services or in which Intelsat operates; general economic
conditions; and a change in the health of Intelsat`s satellites or a
catastrophic loss occurring during the in-orbit operations of any of Intelsat`s
satellites. More detailed information about known risks is included in
Intelsat`s annual report on Form 20-F for the year ended December 31, 2002 on
file with the U.S. Securities and Exchange Commission. Because actual results
could differ materially from Intelsat`s intentions, plans, expectations,
assumptions and beliefs about the future, you are urged to view all
forward-looking statements made in this news release with caution. Intelsat does
not undertake any obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.

SOURCE: Intelsat, Ltd.

[Micky_Maus]

The Game is over..

Loral Chapter 11 ?

[Mannerl]

Verkauf an Intelsat


Schwacher Satellitenmarkt fordert Opfer


Der amerikanische Satellitenhersteller und Satelliten-Netzbetreiber Loral Space & Communications ist pleite. Wie das Unternehmen am Dienstag mitteilte, hat es bei einem New Yorker Insolvenzgericht einen Insolvenzantrag gestellt.


HB/dpa NEW YORK. Um seine Bankschulden von 959 Millionen Dollar zu bezahlen, vereinbarte Loral zudem den Verkauf seines nordamerikanischen Satellitennetzes mit sechs Satelliten an den internationalen Betreiber Intelsat für bis zu 1,1 Milliarden Dollar (973 Mio Euro).

Die langfristigen Loral-Schulden wurden unter Einschluss der Bankschulden auf 2,1 Milliarden Dollar beziffert. Sie stammen vor allem aus den Loral-Investitionen bei dem Satellitentelefon-Betreiber Globalstar, der bereits in einem Insolvenzverfahren steckt.

Die Satellitennetze von Loral werden vor allem von TV- und Kabelfirmen, Telekommunikationsunternehmen, Internet-Dienstleistern und anderen Kunden verwendet. Loral-Satelliten werden auch in der Flugüberwachung, der Wettervorhersage und von sonstigen Regierungsstellen verwendet.

Loral ist Opfer des schwachen Satellitenmarktes geworden, der vor allem auf den enormen Problemen der Telekom- und Internetfirmen basiert. Diese haben sich zuletzt angesichts ihrer eigenen Geschäftsprobleme und Überkapazitäten mit Neuaufträgen für Satelliten und Satelliten-Dienstleistungen zurückgehalten.

Loral will seine Geschäfte weiter führen und sich auf seine Satellitenproduktion sowie auf das verbleibende Netz von fünf Kommunikationssatelliten konzentrieren. Der Insolvenzantrag wurde im Rahmen des Kapitel Elf des US-Konkursrechtes gestellt, der eine Weiterführung der Geschäfte und eine Sanierung unter Aufsicht des Insolvenzrichters ermöglicht. Loral hat sich dank der Vereinbarungen mit Intelsat keine Kreditmittel besorgt. Das Unternehmen glaubt, dass die vorhandenen Mittel ausreichen werden, um die Geschäfte fortzuführen.

Loral ist einer von weltweit nur fünf Satellitenherstellern. Der Verkauf der Loral-Satelliten an Intelsat erforderte den Insolvenzantrag, um die sechs nordamerikanischen Satelliten schuldenfrei zu machen.

Intelsat hat bei Loral außerdem einen neuen Satelliten in Auftrag gegeben und wird eine Anzahlung von 100 Millionen Dollar leisten. Die Loral-Verkaufsvereinbarung mit Intelsat sieht die Veräußerung von vier bereits im Weltall befindlichen „Telstar“-Satelliten und von zwei Satelliten vor, die bis nächstes Jahr in Umlauf gebracht werden sollen.

Loral-Chef Bernard L. Schwartz verwies auf den anhaltenden wirtschaftlichen Abschwung. Deshalb fehlten der Branche neue Satellitenaufträge. Hinzu sei das nachlassende Wachstum von Satelliten-Dienstleistungen gekommen. Loral sieht vor allem in Lateinamerika und Asien Wachstumschancen.


HANDELSBLATT, Dienstag, 15. Juli 2003, 16:18 Uhr

[Micky_Maus]

Mit dem Ausscheiden von Loral rückt wieder etwas mehr Konkurrent PanAmSat ins Blickfeld (vergleiche Thread: PanAmSat Corp. -unentdeckte Perle )

PanAmSat (Nasdaq: SPOT) legte heute recht gute Q-Zahlen vor und kommt mit dem Schuldenabbau voran. Langfristig sollte PanAmSat profitieren. Zudem hat man mit GM-Hughes eine starke Mutter.

[Mannerl]

Loral Space & Communications Ltd. Common Stock Trading in `Pink Sheets` under the Symbol `LRLSQ`


NEW YORK, Jul 16, 2003 (BUSINESS WIRE) -- Loral Space & Communications Ltd.
today announced that the National Association of Securities Dealers (NASD) has
assigned the ticker symbol "LRLSQ" to its common stock. Effective today, the
common stock will be quoted on the Pink Sheets Electronic Quotation Service
under this new symbol; information regarding such service is available at
www.pinksheets.com. The company expects that its common stock will also be
quoted on the Over-The-Counter Bulletin Board service (OTCBB) shortly.

[Mannerl]

Intelsat CEO Says Price For Loral Birds Is `Fair`


Jul 31, 2003 (Satellite Today/PBI Media via COMTEX) -- Intelsat CEO Conny
Kullman believes his company is paying "a fair price" for Loral Space and
Communications` six north American satellites and the rights to their orbital
locations. Intelsat announced it had signed a $1.0 billion asset purchase
agreement with Loral for these satellites and orbital rights on July 15.

Kullman told SATELLITE TODAY: "I think for the market conditions we are in and
what we believe we can do with these satellites, we are definitely paying a fair
price. If we were to do this organically, which we couldn`t do because the
orbital locations are not available, we could not launch this capacity for less
than $1.5 billion to $1.8 billion."

The deal, if it gets approval by the U.S. regulators and the bankruptcy court,
would dramatically increase Intelsat`s presence in the North American
broadcasting and cable television market. The assets to be purchased include the
Telstar 4, Telstar 5, Telstar 6 and Telstar 7 satellites. The agreement also
includes two satellites currently under construction, Telstar 8 and Telstar 13.