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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT -- Ignore unavailable to you. Want to Upgrade?

To: djane who wrote (5100)	6/7/1999 3:45:00 PM
From: djane	Read Replies (1) \| Respond to of 29987

6/7/99 Boeing release. Delta/Globalstar 3 sequence of launch events FLORIDA TODAY Space Online "Planet Earth's best source for online space news" Event Time (h:mm:ss) Liftoff 0:00:00 Mach 1 (738 mph) 0:00:30.2 Maximum dynamic pressure 0:00:44.7 Four solid rocket motors burn out 0:01:03.1 Jettison four solid motors 0:01:07.0 Begin dogleg maneuver 0:01:10.0 End dogleg maneuver 0:02:00.0 Maximum miniskit temperature 0:03:34.4 Main engine cutoff (MECO) 0:04:24.0 Separation of first and second stages 0:04:32.0 Second stage ignition 0:04:37.5 Jettison payload fairing 0:04:47.0 AOS New Hampshire (2 deg) 0:05:23.6 First cutoff - second stage (SECO 1) 0:11:18.0 LOS New Hampshire (0 deg) 0:11:54.2 Begin maneuver to restart attitude 0:13:20.0 Restart attitude achieved 0:18:20.0 Begin coast phase thermal roll 0:18:30.0 End coast phase thermal roll 0:59:50.0 AOS Canberra (2 deg) 0:59:52.4 Restart second stage 1:01:52.5 Second cutoff - second stage (SECO 2) 1:02:18.9 Maneuvers to U1/U2 separation attitude 1:03:30.0 U1/U2 separation attitude achieved 1:08:10.0 Separate U1/U2 spacecraft 1:09:10.0 Maneuvers to L1/L2 separation attitude 1:10:50.0 L1/L2 separation attitude achieved 1:12:30.0 Separate L1/L2 spacecraft 1:13:20.0 Maneuvers to U1/U2 separation attitude 1:03:30.0 U1/U2 separation attitude achieved 1:08:10.0 Begin cold gas evasive settling 1:15:00.0 End cold gas evasive settling 1:15:35.0 LOS Canberra (2 deg) 1:19:13.3 Begin maneuvers to restart attitude 1:31:40.0 AOS Vandenberg AFB (2 deg) 1:38:56.2 Restart attitude achieved 1:44:10.0 Restart second stage - evasive burn 1:48:20.0 Third cutoff - second stage (SECO 3) 1:48:25.0 Begin maneuvers to restart attitude 1:49:20.0 Restart attitude achieved 1:53:40.0 Restart second stage - depletion burn 1:55:50.0 Fourth cutoff - second stage (SECO 4) 1:55:56.8 Use of this site signifies your agreement to the Terms of Service updated February 1998. Please e-mail comments or questions about this page to Space Online Editor Mark DeCotis. Contact Space Online Manager Jim Banke to inquire about becoming a sponsor. This World Wide Web site is copyright © 1999 FLORIDA TODAY.

To: djane who wrote (5100)	6/7/1999 4:48:00 PM
From: Maurice Winn	Respond to of 29987

ICO They only traded $700,000 shares today at around $6 per share and something like $3m per day over the past few days. That isn't enough to give any realistic valuation on the company. When they try to raise another $1.7bn, and maybe more, they will find they have to give a very significant discount on the current share price to get the money. ICO can hem and haw about how governments take time to approve the funding but the fact is that nowhere near enough people who have to actually get a return on money were prepared to risk their savings. They should put the whole thing on hold until they find out how Globalstar has gone. Maybe better still, they should return what's left of the money to shareholders and call it a day. Not much chance of that though because the management won't want to have to find other jobs. Maybe such a management attitude will lead to even bigger lawsuits than the Iridium class action suits. If ICO goes ahead in the face of all this mess and lack of shareholder confidence and launches anyway, that seems like financial and management negligence with a cavalier disregard for shareholders' interests. It seems that ICO should be calling an emergency special general meeting of shareholders to decide what to do. It will be interesting to see how the old government bureaucrat types running Inmarsat handle the situation. I bet they go for firing a few billion of taxpayer's and captive shareholder's funds into the wild blue yonder in total disregard for the prospects of any return on investment. That's what governments do when the choice is to get a real job or spend taxpayer's money. I recommend to ICO shareholders that they bail out now! Wishful thinking won't do it. Don't follow Iridium shareholders. Iridium shareholders are stuck with a system completely built. ICO shareholders haven't started firing the big money into space yet. ICO shareholders can save their hides by demanding an immediate cessation of most of the programme with a view to continuing if market demand looks good in 6 months time. Ask LarryL if I give good advice! Maybe unpalatable, but not bad for avoiding financial loss. Sure, there are contracts and launches ready to go and all sorts. There will be costs in slowing down, but a lot less than the costs of an Iridium duplicate! Launching only 6 satellites seems crazy! That will reduce quality of service to unacceptable levels. But I suppose it's better than launching 12 [if they could get the money to launch 12]. Anyway, if they only need 6 satellites, why were they planning on launching 12 straight away? They either needed 12 to make the system work or they were planning a huge waste of money on an overdesigned system. Maybe 8 satellites would do the job? They don't even know how many satellites they need! Better to just take a holiday, mow the lawns, check out the South of France, maybe get a new job if 6 months is too long to wait. By then, telephone technology will be better so handsets will be improved. Launch prices might come down. More people will be able to afford the phone service. The value of the system might be proven by Globalstar demand and then the new shares and fundraising won't have to be done at such a distressed share price. It will be interesting to watch this and see the shareholders lining up their lawyers to sue the management and board of ICO if the launches go ahead in the face of obvious worries and shareholder disfavour. Maurice