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Technology Stocks : America On-Line (AOL)
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To: Steeny who wrote (17487)5/18/1999 9:50:00 AM
From: avanti77  Read Replies (1) of 41369
 
Loral is a major shareholder of Globalstar (GSTRF). QCOM also has a big stake. Used to follow GSTRF. They're in the process of deploying a low earth orbit satelite communications systems. I believe they've got more than 30 satelites deployed now, but am not positive on the figure. One of reasons Iridium has taken such a big hit is they're cost of service. Globalstar service will cost less, and be able to make a profit sooner on more efficient infrastructure costs.
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