Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 56.92

-10.6%

Dec 17 3:59 PM EST

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To: Maurice Winn who started this subject	7/15/2000 9:53:30 AM
From: go_globalstar	Read Replies (1) of 29987

SATELLITE 2000: A Stellar Week for the Industry Interest is picking up. More than 6,000 registered guests attended the show, as opposed to about 4,200 last year. " Speaking of deals, Terry Hart, Loral Skynet president, addressed the reasoning behind the recent financing efforts on behalf of Globalstar that leveraged the Telstar satellites as collateral. Hart assured the audience that Globalstar was on track to meet its goals, but that in the unlikely event of a financial failure of Globalstar, the vertically-integrated Loral family of companies would leverage additional corporate assets to prevent the forfeiture of the Telstar satellites. Futher down the article MSS: The Future Is Now With the high profile bankruptcy filings in the mobile satellite industry, all eyes will be focused on Globalstar. The success or failure of the satellite telephony provider will set the stage for the future of the MSS market. satellitetoday.com Go_Globalstar

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