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

To: djane who wrote (5394)	6/27/1999 2:18:00 PM
From: Rocket Scientist	Read Replies (1) \| Respond to of 29987

Updated Gateway status based on BLS shareholder address and some inputs from Valueman provided below. The BLS address sent to s/h recently named the location of the first nine gateways as US, Korea, China, S. Africa, Argentina, France, Italy, Brazil and Canada. I have a couple of problems with this list: first, it neglects Australia (Dubbo), which is supposed to be already operational; second, AirTouch needs the second Canadian GW near Calgary in order to serve W Canada and NW US. OTH, it would be great if Brazil is really one of the first GWs up. Regarding Australia, maybe Vodaphone won't start commercial ops there until all three Oz GWs are up…that would make a certain amount of sense. Location, operator, status, reference 1. Clifton (between Dallas and Austin, Texas) AirTouch, Operational, 1 2. Smith Falls (Ontario,Canada), Cancom/AirTouch/Loral, Operational, 2 3. Aussaguel (France), TESAM, Operational,1 4. Bosque Allegre (central Argentina, near Corduba), TESAM, Operational,1 5. Yeoju (S. Korea), DACOM, Operational,1 6. Delareyville (S. Africa), Vodafone, "H/W installed," 3 7. Brazil 1, Globalstar do Brazil, unknown (see Note 5) 8. Beijing, China Telecom, "H/W installed," 3 and Note 1 9. Avezanno (Italy), Elsacom, "H/W installed," 3 10. High River (near Calgary, Alberta, Canada), Cancom/AirTouch/Loral,"H/W installed," (Ref 3) planned oprtnl 11/99 (Ref (6)) 11. Finland, Elsacom, unknown (see Note 4), planned oprtnl 12/99 (Ref (6)) 12. Chanutagua (Venezuela), TESAM, unknown, 5, planned oprtnl 12/99 (Ref (6)) 13. Dubbo (New South Wales, Australia), Vodafone, Operational,1 (see Note 2) 14. Meekatharra (Western Australia), Vodafone, unknown, 4 15. Mt Isa (Queensland, Australia), Vodafone, unknown, 4 16. Puebla (Mexico), JV of AirTouch/Loral/TelAutrey, unknown (see Note 3) 17. Brazil 2, Globalstar do Brazil, unknown Planned oprtnl Spring 2000 (Ref (6)) 18. Brazil 3, Globalstar do Brazil, unknown Planned oprtnl Summer 2000 (Ref (6)) 19. Chicunta (Columbia), TESAM, unknown, 5 20. Lurin (Peru), TESAM, unknown, 5 21. Ogulbey (near Ankara, Turkey), TESAM, unknown, 5 22. Russia, Globaltel (JV of Globalstar and Ros Telcom), unknown 23. East Africa (Kenya and seven others), MTA, unknown 24. Malyasia, airTouch/SimeDarby, unknown 25. North Atlantic, Martel, Ehf, unknown 27. Central America (Panama and nine others), Globalstar Americas, unknown 28. Saudi Arabia, TATCOM, unknown 29. Indonesia, Airtouch/PTIS, unknown 30. . West Africa, Globaltouch Holdings, unknown 31. Middle East (Gulf states), AlMurjan, unknown References 1. 11/98 "Backgrounder" 2. 1/5/99(?) Shareholder's letter 3. G* Website, 6/99 (see Note 2) 4. Vodafone press release 6May99 5. TESAM press Release 6. Valueman, post #4990 Note 1. Per 11/98 "Backgrounder", three GWs in addition to Beijing planned Note 2. G* Website fails to count Dubbo, Australia in its list of "nine GWs operating or with h/w installed;" BLS also didn't count Australia in 5/99 S/H address Note 3. Per 11/98 Backgrounder, Puebla "recently selected;" in 2/99 cc, BLS said Mexico would have one of first eight GWs Note 4. In cc, Elsacom said both its Italian and Finnish GW would be operational by 9/99 Note 5. Said by BLS at 5/99 S/H mtg to be among the first nine GWs operational

To: djane who wrote (5394)	6/28/1999 3:46:00 AM
From: djane	Read Replies (3) \| Respond to of 29987

Schwartz presentation to DLJ conference (via LOR thread) Talk : Communications : Loral Space & Communications \| Previous \| Next \| Respond \| Earnings \| To: JMD (6361 ) From: kitterykid Sunday, Jun 27 1999 9:32PM ET Reply # of 6373 I attended the afternoon session at the DLJ conference. Nick Moren, treasurer of LOR and GSTRF, made an excellent, calm and compelling presentation on GSTRF. There was no badmouthing or gloating about Iridium. With the final financing out of the way - we hope! - all is moving ahead very surely and steadily. My sources at Qualcomm say very good things about the beta testing of the GSTRF phones over the satellite links. I believe it is all coming together. Bernard Schwartz made the final presentation of the day. He was three hours back from the Paris Air Show and in good spirits and humor. He reiterated that the strength of satellites is the ability to broadcast to multiple users - it compliments rather than competes with terrestrial systems. It works hand in hand with fiber and cable. LOR's global network is well underway - 16 birds with 700 transponders in existing, owned orbital slots by 2002. LOR's 700 transponders will represent an estimated 50% of the entire market. LOR's ISP customers include UUNet, OZ EMail and PSI Net. Bernie flashed up some provocative numbers for Globalstar: Revenues in 2002 at $3.08 Billion, up from $10 Million in 1999. EBITDA in 2002 at $2.9 Billion, up from zero in 1999. EBITDA margin in 2002 at 94%, up from zero in 1999. Net income in 2002 at $1.96 Billion, up from a $370 Million loss in 1999. And here comes the best - Earnings per share in 2002 at $8.44, up from a loss of $1.59 in 1999. Average subs estimated at 3.4 Million, up from 12,000 in 1999. With the help of GSTRF, the estimated EPS for LOR common was projected at $3.98 in 2002. Attendance at the afternoon session was pretty lousy. I 'd say 2/3rds of the seats were empty at the Grand Ballroom of the Waldorf. We've got to be near the bottom with that lack of interest!!