SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 180.21-1.2%Jan 7 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: foundation who wrote (19593)2/26/2002 8:32:39 AM
From: foundation   of 197114
 
Court allows Globalstar operations to continue
By Reuters staff

26 February 2002



Satellite telephone provider Globalstar LP said on Monday a bankruptcy court
would allow it to continue normal operations, uninterrupted telephone services and
wage payments.

The company, which filed for protection under Chapter 11 of U.S. Bankruptcy Code
in Delaware, said it would continue work on its new business plan, which includes
of the creation of a new company owned by current bondholders and other
unsecured creditors.

The San Jose, Calif.-based firm said it would file a complete restructuring plan in
the coming weeks.

Globalstar was created in 1994 with the goal of creating a global mobile telephone
system for business travelers and others, but was hurt by high operating costs,
heavy and unattractive handsets and steep usage rates.

totaltele.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News