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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 67.11+5.7%2:08 PM EST

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To: David Wiggins who wrote (8634)12/10/1999 6:21:00 PM
From: Rocket Scientist  Read Replies (1) of 29987
 
This Gateway situation is getting curiouser and curiouser.

Three days ago, BLS said that sixteen GWs would be installed by the end of 1Q2000. This represented as much as a three month slip from the 9/99 investors conference brief that showed 16 GWs by the end of this year.

Today's release, if the reporter got it right, says G* expects only 14 GWs by May2000?

The first 16 GWs were identified as

1. Clifton, (between Dallas and Austin Texas, USA) AirTouch
2. Smith Falls, (Ontario,Canada) Cancom/AirTouch/Loral
3. Aussaguel, (France) TESAM, Note 1
4. Bosque Allegre (central Argentina, near Corduba), TESAM,
5. Yeoju (S. Korea), DACOM,
6. Delareyville (S. Africa), Vodafone
7. Presidente Prudente, (Brazil) Globalstar do Brazil
8. Beijing, (China) China Telecom
9. Avezanno (Italy), Elsacom
10. High River (near Calgary, Alberta, CanadaCancom/AirTouch/Loral
11. Karkila, (Finland) Elsacom
12. Puebla, (Mexico) JV of AirTouch/Loral/TelAutrey
13. Lurin (Peru), TESAM
14. Managua, (Nicaragua) Globalstar Americas
15. Moscow, (Russia) Globaltel (JV of Globalstar and Ros Telcom)
16. Novisibersk, (Russia) Globaltel

In addition to those sixteen, by May we should have expected to see at least the following: two more GWs in Brazil, one in Saudi Arabia, plus three in Australia, for a total of 22, according to rather recent information.

If fourteen is correct, it's a real setback, somewhere in the world, but it's difficult to figure out where, exactly.
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