Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 66.29

+1.1%

12:13 PM EST

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To: RMiethe who wrote (5090)	6/7/1999 8:06:00 AM
From: Valueman	Read Replies (1) of 29987

I believe that G* ordered the phones initially to fund their development. The service providers definitely do order them from there. Witness the comments on the service provider conference call where Elsacom had ordered 25,000 handsets and TESAM had ordered 60,000 handsets. Airtouch would not say how many they had ordered. If no service providers bought the phones, then G* would be stuck with them, not QCOM or ERICY or Telital. G* made the first order, the service providers will buy them from G, or at least give G the money back. Thus, it is important to see those handset orders from the service providers, both as a barometer of demand and a source of cash for GSTRF.

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