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

To: Jeff Vayda who wrote (5900)	7/21/1999 2:29:00 PM
From: djane	Read Replies (1) \| Respond to of 29987

Isn't this China news bullish for G? (see bolded section). Less competition in China for G as telecom infrastructure projects are canceled/delayed. COMMENTARY >> WRONG! REAR ECHELON REVELATIONS What's Behind Trade Problems in China? By James J. Cramer 7/21/99 8:33 AM ET Remember the trade gap? Those of us who traded in 1987 aren't likely to forget it. In '87, I couldn't fall asleep the night before trade gap numbers. They were the source of all jitters, and every time we saw a widening of the trade gap, the bonds and the stocks got hit. How things have changed! Yesterday, the nation reported the worst trade gap in its history, $21 billion, and I didn't hear a single commentator even mention this horrid number as a factor in the selloff. That's wrong, especially when you look at where a lot of the trade problems are coming from: China. What worries me about China is that many of my companies are backing away from claims made last year that this would be the year that all of the investment in China would pay off. Some of the bigger telco-tech companies have poured billions into China looking for orders. But ever since the mistaken bombing of the Chinese embassy in the Serb war, China has suspended some of the larger projects and ceased ordering. This China problem keeps creeping into off-line conversations with managements and analysts. The business just isn't coming through. If you are hearing anything about the problems with China, maybe you could share it with us at the site, because right now it looks like one of the biggest undiscussed worries out there. We should try to pin it down before everybody starts acting on it. James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund had no positions in any stocks mentioned. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at jjcletters@thestreet.com. Send feedback to letters@thestreet.com.

To: Jeff Vayda who wrote (5900)	7/21/1999 8:08:00 PM
From: djane	Respond to of 29987

Cool PR. Boeing Delta II Globalstar Launch Will Mark Start Of 50th Year of Cape Launches (with correction at bottom) Wednesday July 21, 3:43 pm Eastern Time Company Press Release SOURCE: The Boeing Company HUNTINGTON BEACH, Calif., July 21 /PRNewswire/ -- If a Boeing Delta II rocket launches on its scheduled July 24 launch date, it will share that date in history with the anniversary of the first satellite launch ever at Cape Canaveral Air Station -- Bumper #8, launched in 1950. That means the Delta II slated to launch four Globalstar satellites for the emerging global telephony communications system will kick off the 50th year of rocket launches for the Cape. The launch will also bring the total number of Globalstar satellites on orbit to 32. The launch will be the fourth Delta II launched within 45 days -- the third of four Boeing Delta II launches planned for Globalstar during June, July and August of this year. Boeing (NYSE: BA - news) launched a total of eight Globalstar satellites into orbit on two separate Delta II launches on June 10 and July 10, and launched NASA's FUSE spacecraft on June 14. Boeing has called upon its Western Range launch team, headquartered at Vandenberg Air Force Base, Calif., to assist in meeting the challenges of the aggressive launch campaign. ''Having two separate launch teams is indispensable when we are called upon to help our customers meet their business objectives in a relatively short period of time,'' said Rich Murphy, Boeing director of Delta launch operations. ''Process improvements, which reduced time on the pad, have also made it possible to maintain our ambitious launch schedule.'' The Delta team will target one of two three-minute windows on launch day. The first window opens at 4 a.m. EDT, while the second window opens at 6:58 a.m. EDT. The decision to load liquid oxygen and attempt to launch during the first window or to wait for the second window will be made at approximately T-85 minutes in the countdown. The next Delta II launch for Globalstar is scheduled for mid-August. An additional Delta launch for Globalstar is slated for fourth quarter 1999. The Delta II is manufactured in Huntington Beach, Calif., with final assembly in Pueblo, Colo., and is powered by the RS-27A engine built by Boeing in Canoga Park, Calif. Alliant Techsystems, Magna, Utah, builds the graphite epoxy motors for boost assist. Aerojet, Sacramento, Calif., manufactures the second-stage engine; and AlliedSignal, Teterboro, N.J., builds the guidance and flight control system. The Globalstar network is a planned constellation of 48 satellites orbiting at 764 nautical miles (1414 km) above the Earth that will supply global mobile telephony service. Media Credentials and Access Media representatives wishing to cover the launch from the media viewing site should contact the 45th Space Wing public affairs office; Phone (407) 494-5933, Fax (407) 494-7302. The request should include name, affiliation, and phone number. Remote Camera Setup Photographers who wish to set up remote cameras for the launch should meet at Pass and ID, CCAS, south gate at 2 p.m. EDT July 23. Launch Viewing At approximately 2:30 a.m. EDT July 24, the Delta team will decide to load propellant and attempt to launch during the first window, or hold off for a launch attempt during the second window. The results of that decision will be posted to the Boeing launch hotline (714-896-4770) as soon as it becomes available. If the first window is selected for a launch attempt, accredited media wishing to view the launch from Press Site 1 will depart Pass and ID at 2:30 a.m. Live Satellite Broadcast Feed Boeing and Loral will broadcast the launch live at 3:45 a.m. EDT. The US satellite Ku-band transmission will be on: Telstar 5, transponder 17 with a vertical polarization. The Ku-band transmission downlink frequency is 12022 MHz. Telstar 5 is located at 97 degrees West. The European satellite broadcast will be carried on: Intelsat K, on transponder Ku-6H lower. The polarity of the downlink will be horizontal and the frequency will be 11,531.5 MHz. The satellite is located at 338.5 degrees West. Bars and tone will be broadcast starting at 3:15 a.m. EDT. Media Contacts Erin Lutz, Pager: (800) 759-8888, PIN 114-9485 Christine Nelson, Pager: (800) 759-8888, PIN 173-8783 Communications: (714) 896-1301 Boeing Launch Hotline: (714) 896-4770 Boeing Delta web site: (www.boeing.com/delta) SOURCE: The Boeing Company _____________________________ Wednesday July 21, 7:28 pm Eastern Time Company Press Release SOURCE: The Boeing Company Correction of Boeing Delta II Globalstar Launch News Release HUNTINGTON BEACH, Calif., July 21 /PRNewswire/ -- A Boeing news release that was issued earlier today announcing the July 24 of a Delta II rocket launch incorrectly stated that if a Delta II rocket launches on its scheduled July 24 date, it will share that date in history with the anniversary of the first satellite launch ever at Cape Canaveral Air Station -- Bumper #8, launched in 1950. It should be noted that it was the first rocket, rather than the first satellite launched. The Boeing Company (NYSE: BA - news) regrets the error. SOURCE: The Boeing Company More Quotes and News: The Boeing Co (NYSE:BA - news) Related News Categories: aerospace/defense Help Copyright © 1999 PRNewswire. All rights reserved.