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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 62.88-0.5%Nov 14 9:30 AM EST
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To: waitwatchwander who wrote (296)1/23/1998 9:05:00 PM
From: Glenn Nelson  Read Replies (3) of 29987
 
Interesting "runor" for this board. I've been a consultant on a Teledesic related project and today we heard that Boeing has laid-off 100 who were directly working on Teledesic and will probably soon lay-off 50 more. Needless to say, our project was cancelled. Further rumor has it that an independent auditor told Boeing that cost could easily exceed $20 billion. Boeing had figured on $13B. You can draw your own conclusions!
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