Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 63.70

+6.1%

3:59 PM EST

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To: Maurice Winn who wrote (17709)	10/7/2000 1:38:28 AM
From: pcstel	Read Replies (2) of 29987

A little perspective for just over a Year ago.... abcnews.go.com <snip> <<Past problems Iridium, the world's first satellite-based mobile phone and paging company, has faced a string of setbacks since launching its costly service last November The company had trouble with the most fundamental part of its business, getting customers to sign up. As a result Iridium has missed several creditor-imposed revenue and subscriber target goals and, up against a mid-August deadline to repay interest on its bank loans, is flirting with bankruptcy. "The reason Iridium has struggled is they didn't really have their marketing act together," said Lisa Pierce, <snip> PCSTEL

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