Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 57.65

+6.5%

Feb 6 9:30 AM EST

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To: Goodboy who wrote (3077)	2/22/1999 11:20:00 PM
From: Joe Brown	Read Replies (1) of 29987

GOODBOY: I'm not certain what you are referring to, but I'll assume you mean the Lehman call on Iridium today. It's irrelevant, but I posted it just to make it available to all on this board. I AM watching the Iridium bonds, and last Friday's debacle did not have a major impact on pricing for those accounts I know that own them. Regarding Motorola, they are fully reserved against a complete Iridium failure, I believe, so it could only help them to do anything necessary to jump-start Iridium at this point, including selling phones at a (perceived) loss. I have a larger concern/question here, though: In 25 years in this business, I have learned that those who really know what's coming almost NEVER tell the rest of the world. Why are you being so magnanimous with this board; are you that egalitarian? Jack Morgan

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