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

To: djane who wrote (5606)	7/8/1999 2:57:00 PM
From: Rocket Scientist	Respond to of 29987

From the Qualcomm thread this note on CTI, which is one of TESAM's service providers in Argentina: To: Tom Brush (34277 ) From: michael piturro Thursday, Jul 8 1999 2:40PM ET Reply # of 34280 Cdma News> July 8, 1999 Dow Jones Newswires CTI Holdings/S&P-2: Expectations Of Reduced Leverage NEW YORK -- Standard & Poor's Thursday revised its outlook on Argentina-based CTI Holdings S.A. to positive from stable. At the same time, S&P affirmed its single-B-plus corporate credit rating on CTI, as well as its single-B rating on the company's $263 million ($150 million initial proceeds) senior deferred coupon notes due 2008. The rating agency said "The outlook revision reflects expectations that CTI's improved operating performance and GTE Corp.'s continuing support will allow the company to reduce leverage and heal its financial profile further. "The ratings on CTI reflect its still weak financial position, the sensitivity of demand to economic activity in the company's franchised service area, and the increased competition in the sector. These factors are somewhat offset by CTI's leading market share in its service areas, achieved operating improvements, and the financial and operating support of parent GTE Corp. "CTI has a perpetual license to provide cellular telephony in the interior of Argentina in an area that encompasses about 60% of Argentina's total population. Since it started operations in 1994, the number of customers have increased to about 714,000, a 4.2% penetration rate, as of March 1999. However, the company's service area has a lower population density and income per capita than the country's average, making it more volatile and sensitive to recessive environments. "Once the only cellular provider in its service area, CTI now operates in two duopolistic regional markets which will be entered by to new personal communications services (PCS) competitors each by year-end 1999. The company, with a combined overall market share of 47% in its two areas of operation, has started to convert its network to CDMA to better compete with the PCS providers. Digitalization is expected to reach about 30% of pops (population equivalents) in 1999. In addition, a consortium including CTI has been awarded a license to provide basic and long-distance service starting in November 1999," the rating agency said.

To: djane who wrote (5606)	7/8/1999 8:23:00 PM
From: djane	Respond to of 29987

Update for 6 p.m. EDT flatoday.com FLORIDA TODAY Space Online Delta/Globalstar-4 Launch Journal From countdown through spacecraft separation this page will keep you informed with the latest on the flight of a Boeing Delta 2 rocket carrying four Globalstar communications satellites. These updates are prepared by Space Online's Justin Ray. For complete stories, images and multimedia files from FLORIDA TODAY, as well as official news releases, see our Space Today page. Thursday, July 8, 1999 Update for 6 p.m. EDT Boeing will try again Friday morning to launch a Delta 2 rocket carrying four Globalstar satellites. Today's launch attempt was called off because of gusty high altitude winds. Following the scrub, the launch team began work to "recycle" the countdown for a 24-hour turnaround. They also drained the first stage fuel and liquid oxygen tanks. Activities will pick up later tonight when workers will back the mobile service tower from around the rocket and prepare to enter terminal count. The countdown will start at 2:01:38 a.m. EDT Friday morning. Just like today, officials will have two possible launch windows in which to get the Delta 2 rocket off the ground. However, they can only use one or the other. The three-minute windows open at 5:01:38 and 8:01:08 a.m. EDT, respectively. A decision to proceed with the first window would come at around 3:15 a.m. EDT. The forecast for ground weather conditions indicates a 60 percent chance of meeting the launch weather rules. That percentage does not take into account upper level winds. The winds cannot be accurately forecast, and are not really a weather concern. The winds are vehicle and safety issues, meaning the winds could impose too great a force on the rocket, breaking the vehicle apart or causing it to go off course. In addition, Range Safety officials monitor the winds to ensure debris from a launch accident would not be blown outside designated safety areas.