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

GSAT 41.56

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3:59 PM EDT

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From: pcstel	3/13/2010 11:30:16 AM
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Globalstar Sees itself in the Drivers Seat. "With these new satellites scheduled to launch starting in September, Globalstar officials are now confident enough to begin returning some of the fire they have taken from competitor Iridium Communications since the Globalstar satellites began losing their two-way capability in early 2007. Without mentioning Iridium by name, Globalstar Chief Executive Peter Dalton used a March 11 conference call with analysts to contrast Globalstar’s July 2009 financial rescue via a $738 million package aided by the French export-credit agency, Coface, with Iridium’s ongoing attempt to secure the same kind of state-backed guarantees." spacenews.com PCSTEL

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