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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 64.93

-1.0%

Jan 23 3:59 PM EST

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To: Maurice Winn who wrote (4315)	4/30/1999 4:28:00 AM
From: djane	Read Replies (2) of 29987

Boeing in talks for control of Ellipso Compiled by CBS MarketWatch Last Update: 4:00 AM ET Apr 30, 1999 NEW YORK (CBS.MW) -- Boeing Co. is in discussions on gaining a controlling stake in the $2.4 billion Ellipso satellite mobile-phone project. According to The Wall Street Journal, long meetings over the past week at Boeing's space and communication unit in California focused on Boeing's cost to acquire a majority interest in Mobile Communications Holdings Inc. The Washington, D.C. based company has a Federal Communications Commission license to launch the novel 17-satellite system. Executives told the Journal the talks could linger for another month. The cost to Boeing (BS: news, msgs) could exceed $700 million, while others said that price is too low to conclude a sale. Boeing made a $50 million equity investment in Ellipso a year ago, when the Seattle aerospace company agreed to be the prime contractor and integrator for the project.The Wall Street Journal

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