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Technology Stocks : CDMA, Globalstar versus Iridium, Inmarsat, etc.

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To: Robert Scott who wrote (93)5/16/1997 7:09:00 PM
From: Maurice Winn   of 381
 
Gateways contract signing in Korea.
biz.yahoo.com

May 16 Globalstar LP announced in Seoul purchase orders by the partners that comprise Globalstar's Limited Partnership for 35 Globalstar gateways. These contracts total $275 million.

Service is expected in the last quarter of 1998. The first four gateways are nearing completion in Aussaguel, France; Yeoju, South Korea; Dubbo, Australia; and Clifton, Texas, United States.

Qualcomm is to produce and install the antennae, radio frequency, and interconnection electronics for the gateways. The gateways, which include electric power and utility connections, and facilities and housing for equipment and other necessary infrastructure, will be completed before gateway electronics are installed. QUALCOMM expects to begin shipping gateway electronics equipment in fulfillment of the initial $275 million order in early 1998.

Maurice
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