Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 48.26

-5.6%

3:59 PM EST

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To: pcstel who wrote (12427)	5/8/2000 11:58:00 AM
From: Pierre	Read Replies (1) of 29986

From the press release: Fixed phones have been deployed across most service locations for testing purposes, but very few were put in commercial service during the first quarter. Globalstar's partners are currently in discussions for volume purchases by government agencies in Mexico and other countries to satisfy universal service requirements as well as for other applications. Looks like near zero first Q minutes attributable to fixed terminals. I recall earlier discussions here suggesting fixed terminals would be major component of mou's. If so, 2nd Q should see huge ramp up just from addition of fixed terminals as test sites go into service. I'm anxious to see a deal with Mexican government signed. OTOH it's already May ... and still testing. I have a question about the $19 million in pre paid service revenue. Press release indicates it will not be recognized until provided. Any idea what the mandatory usage time frame is? I can't imagine it's open ended. Also, with just under $300,000 in service revenue for 1st quarter, $19 million seems like one hell of a lot of minutes for providers to pony up for in advance. Am I missing something here? Pierre Pierre

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