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

To: djane who wrote (5464)	6/30/1999 12:51:00 PM
From: djane	Read Replies (1) \| Respond to of 29987

06/30 09:55 Starsem to launch four more Loral<LOR.N>satellites PARIS, June 30 (Reuters) - Franco-Russian joint venture Starsem said on Wednesday it won a contract to launch four more Globalstar <GSTRF.O> constellation satellites from 2001. The extra satellites will support Globalstar's existing satellite network serving mobile telephone networks worldwide, Starsem said in a statement. The satellites will be launched from the Baikonur space centre in Kazakhstan using Russian Soyuz rockets which France's Aerospatiale Matra <AERO.PA>, Arianespace and Russian partners market under the Starsem banner. Starsem, which carried out three launches of four satellites for Globalstar in February and will carry out three more in the autumn, noted it will have put into orbit half the Globalstar satellite constellation by the end of this year. ((Paris newsroom +33 1 4221 5146, fax +33 1 4236 1072, email paris.newsroom@reuters.com))