COMMUNICATIONS SATELLITE CORP <CQ> 1ST QTR NET
shr 46 cts vs 76 cts
    div 30 cts vs 30 cts prior
    net 8.5 mln vs 14.0 mln
    NOTE: 1987 qtr net is after a 5.5 mln dlr reserve for a
potential refund as a result of the Federal Communications
Commission's continuing rate investigation. company said it
believes any refunds it may have to make would not materially
affect its financial position.
 Reuter
