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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Mike Buckley who wrote (22091)	4/3/2000 2:24:00 AM
From: FLSTF97	Read Replies (1) of 54805

The minority ownership in Globalstar continues to look more promising than this time last year. The full complement of satellites were not yet launched. They're now in place though the company continues to operate in an environment of bad press due to Iridium's impending bankruptcy should a white knight not step up to the plate. Does anyone know if Iridium shut down their service to customers yet? The issue of Globalstar's past-due payables to Qualcomm in the amount of $500 million continues to be the biggest single red flag associated with the Q. Mike, Iridium will splash the satellites over the next year and shut down service a week or two ago. Globalstar is getting off to a slow start with Schwartz taking some heat and seeming combatent with the questioners. Although private discussions a while ago with some Alcatel people lead me to believe they had a better mouse trap, the customer base may be very weary having been burned not once but twice in the last several months. FATBOY

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