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

To: djane who wrote (5640)	7/10/1999 2:08:00 AM
From: djane	Read Replies (2) \| Respond to of 29987

Inside Support For Globalstar skyreport.com Copyright Media Business Corp 1999 skyreport@mediabiz.com Headline News July 9, 1999 Globalstar, the evolving sat-phone operator backed by Loral, got a show of support from its boss, Bernard Schwartz. According to Bear Stearns analyst Vijay Jayant, the Globalstar/Loral chairman purchased 375,200 shares in the mobile satellite company between June 24 and June 29, at around $21 a share. That took his ownership stake to 897,804 shares. As of press time, four more satellites for Globalstar's low-earth-orbit constellation were scheduled to launch aboard a Boeing Delta 2 rocket from Cape Canaveral Air Station early Friday morning. The mission was