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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 60.01+0.4%Jan 9 9:30 AM EST

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To: Maurice Winn who wrote ()6/10/2000 12:30:00 PM
From: John Stichnoth  Read Replies (1) of 29987
 
The response is somewhat terse, but I believe it means that the recent Yahoo post was bogus. Here is result of an email exchange with Loral IR:

Subject: Re: Yahoo posting on number of phones
Date: Fri, 09 Jun 2000 09:07:37 -0400
From: "Investor Relations" <irelations@hq.loral.com>
To: [my email address]
References: 1

You are correct.

----------------
>[my email address] wrote:
>
> Someone has posted on Yahoo! some information that I >understood you
> would not be releasing. Can you please confirm that the >following
> information was provided:
>
> 1. At the end of May there were 83,000 phones in >distribution.
>
> 2. 40,000 phones per month are being added.
>
> 3. You expect to have 440,000 phones by year end
>
> 4. Fixed phones are now in service [NB: I have seen no >press release
> on this. If true, you should provide one, imo]
>
> 5. Russia license is expected last week of June.
>
> The post is here:
> > messages.yahoo.com
>
> Please advise the accuracy of the information posted.
>
> Thanks in advance and Best Regards,
> John Stichnoth
>
------------------

Learning to ask questions that cannot be answered ambiguously is an art that I have not yet learned. That being said, the response could have been more than 3 words.

Best,
John
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