Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 56.68

-4.7%

Nov 20 3:59 PM EST

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To: JGoren who wrote (6287)	8/2/1999 8:55:00 PM
From: Rocket Scientist	Read Replies (1) of 29987

Can you elaborate, JGoren? <That's what the report said! Hyudai is the service provider partner.> My understanding has been that Hyundai/Dacom had plans/rights to be involved in Finland and India as well as Korea. An old (12/97) Hyundai press release said the two companies had formed a JV to establish service in 15 countries, including India, China(!) Thailand, New Zealand and Finland. But a lot has happened since then...it's pretty clear that the Koreans bailed out of Finland and China. Maurice reports no activity in NZ. The G* SEC filings have made a vague reference to a problem finding an SP in India because of a lawsuit from the Koreans' former partner there. So if you have recent info on Hyundai providing service outside of Korea, would be interested to see the reference. TIA, RS

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