Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 60.01

+0.4%

Jan 9 9:30 AM EST

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To: djane who wrote (4894)	5/25/1999 7:52:00 PM
From: djane	Read Replies (5) of 29987

ICO MOVES AHEAD ICO Global Services says it recorded revenues of $468,000 in the first quarter for its new ICOroam inter-standard cellular roaming service, the first product launched by this Iridium and Globalstar competitor. The service, inaugurated earlier this year, allows European cellular customers to use their cell phone numbers anywhere in the U.S. Financial analysts termed the performance "surprisingly high," considering that ICOroam did not start up until February and only two national markets--the Netherlands and the U.K.--were involved. ICO executives expect income to rise rapidly in the coming months as Taiwan, Portugal and Ireland join the network, providing 8 million potential cell phone users. The first satellite in the 12-unit ICO constellation is to be launched in June or July, followed by four more later this year (AW&ST Apr. 26, p. 81). aviationweek.com

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