Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 60.75

-0.5%

Nov 28 9:30 AM EST

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To: djane who wrote (3444)	3/16/1999 8:44:00 PM
From: djane	Read Replies (2) of 29987

3/3/99 Financial Times article on IRID "Analysts Warn Over Covenants." go to ft.com, free registration and search for Iridium or Globalstar. Couldn't copy the article for some reason Items of note -concern about Iridium has hit G* and ICO share price -Staino blames I* service providers for lacklustre support and "lukewarm towards the service." *-one I service provider "who refused to be named" states, "Iridium has not got its act together. The system is not up to our standars and technically it is not robust enough. We still have significant questions over where we go with it from here." -I* concerns raised at crucial time for ICO which still needs $1.7B of $4.7B total system cost

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