Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 61.76

+3.0%

3:59 PM EST

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To: pcstel who wrote (12197)	5/6/2000 9:09:00 PM
From: TMann	Read Replies (1) of 29987

Maurice is right, Qualcomm is definitely committed to Gs success. I heard Irwin Jacobs speak in New Orleans last fall to a Globalstar demo crowd of about 50 people along with Mike Kerr and Tony Narvarra. He basically said that Q had been working on satellite telephony for about 2 years but couldn't seem to get it off the ground due to costs, etc. But then Loral came along and the rest is history. I have no doubt that Irwin is deeply committed to G and will be interested in providing more funds as needed. Hell they just doled out 144M to a marginal ISP Netzero which seems a lot more risky than G*. Why are they waiting to pony up the money? My guess is that there is no rush since we're funded till 4th Q. so why not wait to see how much will be needed, and continue the sense of urgency till then. I just hope the Q investment will not dilute us too much. Watch out shorts, you're going to get Q'd!!!!!!!!!!!!!

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