Word: loralic
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There is a wild card in the Internet deck too: wireless services. Hughes Network Systems sells DirecPC and DirecDuo dishes (the latter with both Web and TV reception) that can download Web pages at a relatively brisk 200,000 to 400,000 BPS. Last month Loral's CyberStar unit joined the fray with a satellite system of its own. Both are more expensive than cable and DSL (monthly fees can run more than $100 for unlimited use), but satellite dishes can be used almost anywhere, including vacation cabins and other rural locations. Several companies are also experimenting with a ground...
...persuaded many Wall Street analysts and investors that battered defense stocks may finally be on their way back up. "The defense-budget drought is over," says Bob Gabele, president of CDA/Investnet in Rockville, Md., which monitors trading by corporate executives in their companies' stocks. Citing such firms as Boeing, Loral and United Technologies, Gabele says, "In 20 years, I've never seen such a concentration of insider buying in defense stocks...
Iridium's chief competition for a piece of this pie-in-the-sky is Globalstar, based in San Jose, Calif. The company, which will build a rival constellation of 48 satellites 879 miles up, was founded by Loral Space and Communications and by Qualcomm, a leader in cellular technology. Its European partners include France Telecom, Daimler-Benz Aerospace and Britain's Vodafone Group. Globalstar's plan is much less expensive than that of Iridium, which has built intelligent satellites that route calls among themselves, sometimes halfway around the planet. That kind of smarts makes for a system that's more...
SEMINAR TOPICS Mornings are for presentations on different companies and panel discussions. This year's presentations are on Nokia, America Online, Loral Space & Communications, Comcast and Disney, NBC, Coca-Cola and Microsoft...
While Clinton's decision to sign the waiver reduced the likelihood of criminal prosecution for Loral, such prosecutions have been extremely rare. Teledyne paid a $13 million fine after pleading guilty to shipping cluster-bomb material to Iraq during the Iran-Iraq war, but that was an exceptional case. Even during the cold war, only professional smugglers suffered harsh criminal penalties. And White House officials insist the waiver did not get Loral entirely off the hook. If no criminal charges are brought, the Commerce Department could still impose stiff penalties. But since Clinton always has his eye on Gore...