Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 69.06

-5.5%

Dec 15 3:59 PM EST

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To: Jeff Vayda who wrote (4510)	5/10/1999 2:32:00 PM
From: Rocket Scientist	Read Replies (1) of 29987

Jeff, that 2.9B O&M contract blows my mind. If I understand correctly, it is absolutely over and above the nonrecurring costs to build and deploy the system that I+ has already paid Mot. 600M$/year: it's 40% of Loral's gross revenue, which has 3900 employees and beaucoup huge subcontracts for launch vehicles, etc. What could cost that kind of money? The deal Loral/Qualcomm made with G* is much more aligned with the interests of GSTRF s/h. The founders get paid a management fee proportionate to G* revenue on a sliding scale. --RS

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