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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 46.93-6.9%Nov 4 3:59 PM EST
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To: Boplicity who wrote (12113)5/4/2000 8:29:00 AM
From: TShirtPrinter  Read Replies (3) of 29986
 
Greg,

According to the 12-31-99 10-K, QCOM has agreed to provide $500 million in vendor financing( for which the terms of $400 million are still being finalized) In return QCOM is expected to receive warrants. pages 6 & 7.

What I still can't figure out is if QCOM could/would move all/or part of their OmniTracs usage to *G. As that part of QCOM's business continues to grow worldwide, wouldn't that be a very big cash flow add ?

Thanks,

Tony
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