Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 66.72

+7.0%

3:59 PM EST

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To: Noel de Leon who wrote (15333)	8/3/2000 6:45:23 PM
From: Souze	Read Replies (1) of 29987

This part is very welcome: According to Musey, Schwartz assured listeners that other Globalstar partners - which include Qualcomm Inc. (QCOM), China Telecom Ltd. (CHL), and DaimlerChrysler AG's (DCX) aerospace unit - will infuse Globalstar with cash. C.E. Unterberg Towbin analyst William Kidd wrote in a morning research note that Schwartz said the additional financing will be sooner than expected and will keep Globalstar afloat until its cash flow is positive. But they got the phone call prices wrong: Currently, a satellite call costs between $1.30 to $3 a minute. The current range is 0.99 - $1.69 for domestic calls.

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