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

To: djane who wrote (5131)	6/8/1999 10:44:00 AM
From: Jon Koplik	Read Replies (1) \| Respond to of 29987

scrubbed due to bad weather. Boo hoo hoo. Jon. eom.

To: djane who wrote (5131)	6/8/1999 11:59:00 AM
From: djane	Respond to of 29987

Iridium Delays Chinese Satellite Launch, Online Report Says Washington, June 7 (Bloomberg) -- Iridium LLC, which runs the first global satellite-based telephone network, delayed a satellite launch in China because of undisclosed launch-vehicle problems and weather conditions, said Iridium spokeswoman Michelle Lyle, online publication www.satellitetoday.com reported. The launch, intended to place two spare satellites in orbit, was rescheduled for Wednesday. The postponement of the launch of the China Great Wall Industry Corp. Long March 2C/SC satellite is the second for Iridium; a maintenance launch was delayed indefinitely in March because of unspecified technical problems, the publication reported. On May 28, Iridium said it received a one-month extension from banks to meet their conditions on $800 million in loans, just hours before a default. (6/7 www.satellitetoday.com) Jun/07/ 99 18:55 (C) Copyright 1999 Bloomberg L.P.