GLOBALSTAR - The New Beginning - GSTRF / GSTRQ Message Board

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Technology Stocks : GLOBALSTAR - The New Beginning - GSTRF / GSTRQ

GSAT 50.83

+22.3%

3:59 PM EDT

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To: verdad who wrote (32)	4/24/2003 3:44:55 PM
From: pcstel	Read Replies (2) of 65

That makes sense from a project efficacy standpoint; however, probably not how QCOM will want things. True, but I tend to think that it would really lock NXTL into CDMA. A single integrated CDMA Terrestrial/Sat Asic would be a lot neater than some kind of hybrid. Qualcomm would end up with a larger percentage ownership in a debt free Globalstar than they had with GLP PI's. (~8% vs. 6.5%) And of course, from the Bondholders prospective.. An IPO led by McCaw with a debt free fully launched constellation would draw a lot more attention and interest than some Thermo investment firm. PCSTEL

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