Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 60.16

-4.2%

Jan 16 9:30 AM EST

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To: djane who wrote (5056)	6/5/1999 1:21:00 AM
From: Valueman	Read Replies (2) of 29987

Friday June 4, 11:52 am Eastern Time International arms to lift Vodafone profits By Kirstin Ridley LONDON, June 4 (Reuters) - A booming overseas portfolio and cash from the sale of a stake in satellite group Globalstar should boost annual profits at British cellphone market leader Vodafone Group Plc by around 400 million pounds, analysts say. Awaiting completion this summer of Vodafone's $62 billion merger with AirTouch Communications Inc(NYSE:ATI - news) to create the world's biggest mobile phone company, analysts are pencilling in annual, pre-tax profits of between 872 and 916 million pounds. The forecasts for Tuesday's results, which include a 65 million pound exceptional gain following the reduction to 3.14 from 5.15 percent in Vodafone's Globalstar stake, compares with 650.2 million last year..........

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