Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 59.91

+4.0%

3:59 PM EST

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To: Rajala who wrote (6201)	7/28/1999 3:32:00 PM
From: Jon Koplik	Read Replies (2) of 29987

Iridium (now) is like Eastern Airlines (before its demise) when it (EAL) was saddled with massive (high interest rate) debt at a time when its competitors did not have much debt. Iridium's capital structure should kill them. It's too bad; but it IS the way the (financial) world works. Jon.

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