Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 49.60

+2.8%

1:48 PM EST

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To: Larry L who wrote (153)	11/24/1997 4:30:00 PM
From: SidStock	Read Replies (1) of 29986

Headline: Globalstar Telecom Ltd: Upbeat Analyst Meeting; Reiterate 1-Buy Author: J. Bensche, CFA/K. Fogarty 1(212)526-1869/7580 Rating: 1 Company: GSTRF Country: COM CUS Industry: TELECM Ticker : GSTRF Rank(Prev): 1-Buy Rank(Curr): 1-Buy Price : $50 13/16 52wk Range: $60-24 Price Target: $63 Today's Date : 11/21/97 Fiscal Year : DEC ------------------------------------------------------------------------------ EPS 1996 1997 1998 1999 QTR. Actual Prev. Curr. Prev. Curr. Prev. Curr. 1st: -0.16A -0.21A -0.21A -0.29E -0.29E - -E - -E 2nd: -0.20A -0.21A -0.21A -0.31E -0.31E - -E - -E 3rd: -0.17A -0.24E -0.24A -0.37E -0.37E - -E - -E 4th: -0.23A -0.26E -0.26E -0.39E -0.39E - -E - -E ------------------------------------------------------------------------------ Year:$ -0.75A $ -0.93E $ -0.93E $ -1.36E $ -1.36E $ - -E $ - -E Street Est.: $ -0.76E $ -0.75E $ -1.67E $ -1.16E $ 0.00 $ - -E ------------------------------------------------------------------------------ Price (As of 11/20): $50 13/16 Revenue (1997): 0.0 Mil. Return On Equity (97): N/A Proj. 5yr EPS Grth: N/A Shares Outstanding: 116.2 Mil. Dividend Yield: N/A Mkt Capitalization: 5.70 Bil. P/E 1997; 1998 : N/M; N/M Current Book Value: N/A Convertible: YES Debt-to-Capital: N/M Disclosure(s): C, A ------------------------------------------------------------------------------ * Loral Space and Communications, Inc., the managing general partner of Globalstar L.P., held an analyst meeting yesterday in New York. The company confirmed it is on schedule for rolling out Globalstar service by the first quarter of 1999. * The company discussed in detail progress in its space and ground segments. All systems are on track to support next year's launch phase (44 satellites on 5 launches) which is scheduled to begin in February 1998. * Globalstar indicated 50 to 60 ground gateways are needed to provide global coverage - substantially lower than the company's original estimate of about 100. With fewer gateways required, the company will be able to provide GLOBAL service earlier than expected. * Globalstar plans to have 16 gateways operational when service is turned on in 1Q99, which will cover 56% of their target market. The company expects to have 38 gateways operational by mid-1999, which can serve 78% of their target market. * We reiterate our 1-Buy rating. Our year-end 1998 price target is $63.

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