Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 63.16

0.0%

10:49 AM EST

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To: djane who wrote (7539)	9/24/1999 3:22:00 AM
From: djane	Read Replies (1) of 29987

I* layoffs today? (via I* yahoo thread) Top>Business & Finance>Investments>Sectors>Services>Communications Services>IRIQE (Iridium World Comm. Ltd.) ILLC Layoffs by: shaggy_64 (M/USA) 32439 of 32442 I have it on good authority that they happened today and that overall cuts were about 20%. IMHO this is part of the restructuring. You have to bring down your cost structure. I don't think they would be doing it like this if they were planning not to be around. There should be a press release in the next few days. This could actually be a good sign. They (I* LLC) are doing what they can to restructure as the BK process works. Don't let this get you down. I have shares too, and after the things that have happened, this is not going to make me lose my head. Neither are the unethical shorts or disgruntled employees who make up stories designed to hurt others. Posted: 9/24/1999 12:03 am EDT as a reply to: Msg 32437 by startek_99

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