Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 59.96

-4.6%

Dec 29 3:59 PM EST

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To: Rocket Scientist who wrote (17785)	10/8/2000 11:54:08 AM
From: dwight martin	Read Replies (1) of 29987

Payments received for Gateways and phones have not been so counted, either, but royalties on those sales are. Since we're counting millions here like I count dollars, what is the status of handset and gateway royalties? I read in one of G*'s filings that they would get $400K per gateway sold and "up to" $10 per handset sold. It certainly seems like most of the gateways have been sold. I am not sure when this revenue accrues, or for that matter what "sale" (sale into a distribution channel, or ultimate retail sale) of a handset triggers the handset royalty. There should be about $16MM in gateway royalties to be counted sometime as revenue, plus whatever the handset number is. Has anyone seen anything on this?

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