Globalstar Telecommunications Limited GSAT Message Board

STOCKTALK

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.

Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 56.80

+0.2%

Nov 21 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Maurice Winn who wrote (7038)	8/31/1999 7:50:00 AM
From: Wyätt Gwyön	Read Replies (1) of 29987

From today's theStreet.com> Why the ICO Bankruptcy May Not Be Good for Globalstar By Herb Greenberg Senior Columnist 8/31/99 6:30 AM ET Satellite silliness: Last week's Chapter 11 bankruptcy filing by ICO Global Communications (ICOGF:Nasdaq), an Iridium (IRIDQ:Nasdaq) competitor in the satellite phone biz, caused some investors to think that bad news for ICO is good news for Globalstar Telecommunications (GSTRF:Nasdaq), the industry's other big player. But as one of this column's best sources on Iridium -- who is short a little Globalstar -- put it: That couldn't be further from the truth. "The way I read it," he says, "is that the capital markets are closed to this concept." Yet investors are valuing Globalstar, with a $2.1 billion market cap, as if it's a given that it'll get its system up and running -- and that it'll get it up on schedule. Whether it does or doesn't, he believes it'll have to raise more cash, and raise it sooner rather than later. Which brings us back to the capital markets being closed to the concept. Can't raise cash if nobody'll give it to you.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next