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

To: djane who wrote (6132)	7/26/1999 10:56:00 PM
From: David Wiggins	Read Replies (1) \| Respond to of 29987

Martel (Iceland gateway) home page with excellent service area map and some nice hype. martel.is Also excellent photo and description of maritime kit, and fixed phone. martel.is Whale mounted phone (man these guys are aggressive marketers): martel.is No info yet on gateway completion or service initiation. Regards, Dave

To: djane who wrote (6132)	7/26/1999 11:31:00 PM
From: djane	Respond to of 29987

Global Satellite Firms Eye China Market (7/26/99) Two of the largest global satellite mobile telecommunications companies, ICO Global Communications and Globalstar, opened representative offices in China this month, according to the July 21 Hua Sheng Bao (Hua Sheng Overseas Chinese Newspaper) reported. Moreover, Globalstar and another firm, the troubled Iridium LLC, have obtained permission to carry out experiments in satellite mobile telecommunications in China, the newspaper said. Globalstar has already established a ground exchange station in Beijing and will set up two more exchange stations at other locations in China. In April of this year, it accepted US$37.5 million in investment and entered into a cooperative partnership with China Telecom (Hong Kong), the largest telecommunications operator in China. ICO Global Communications entered the Chinese satellite telecommunications market after the other two companies; however, it does have a large advantage. One of ICO's major shareholders is China's Ministry of Communications. ChinaOnline does not endorse external web sites. © ChinaOnline 1999.

To: djane who wrote (6132)	7/27/1999 12:20:00 AM
From: djane	Respond to of 29987

ICOGF has 30 day short days to cover ratio (see bottom) [I guess NYC skyscraper shorts just hate the MSS sector. Could be a nice squeeze if they're wrong...] Largest Short Interest Ratios The short interest ratio is the number of days it would take to cover the short interest if trading continued at the average daily volume for the month. Jul. 15 Short Int Avg Dly Vol-a Days to Cover 1 Granite Brdcs Non 2,594,979 48,200 54 2 Data Transmission 3,139,509 58,924 53 3 Atrix Labs 1,433,668 31,940 45 4 Mosaix Inds 2,850,191 69,749 41 5 Zoltek 2,818,735 69,554 41 6 Zitel 3,996,277 98,829 40 7 Ohio Casualty 3,567,754 92,116 39 8 Credit Acceptance 1,443,702 41,400 35 9 Advanta A 3,966,736 114,172 35 10 Software Spectrum 748,624 21,636 35 11 Res-Care 4,123,241 124,953 33 12 ATI Technologies 7,744,201 240,682 32 13 Dassault Systeme A 1,587,059 50,483 31 14 Coyote Network Sys 2,709,379 88,591 31 15 HummingbirdCom 654,911 21,707 30 16 ICO Global Comm 3,251,035 108,660 30

To: djane who wrote (6132)	7/27/1999 12:32:00 AM
From: djane	Respond to of 29987

*S&P cuts ICO Global Communications Monday July 26, 10:37 am Eastern Time (Press release provided by Standard & Poor's) NEW YORK, July 26 - Standard & Poor's today lowered its long-term corporate credit ratings on ICO Global Communications (Holdings) Ltd. to triple-'C'-plus from single-'B'. At the same time, Standard & Poor's affirmed its triple-'C'-plus ratings on ICO's senior unsecured notes. The ratings remain on CreditWatch, where they were placed on June 22, 1999, with negative implications. The rating actions reflect the substantial uncertainties surrounding ICO's ability to close its substantial funding gap by raising additional capital; the level of possible demand for satellite-based mobile telephony services; and the timing of ICO's satellite launches following recent rocket failures. Standard & Poor's had originally expected that ICO would be, at this stage of its development, fully funded through to the scheduled commercial launch of its services in the third quarter of 2000. ICO, however, has been unable to arrange the planned, secured bank debt facility of about $1.5 billion. As an alternative, ICO has sought additional equity from its shareholders via a rights issue. While the rights issue remains open, ICO has already had to extend the offer twice as it has been unable to obtain sufficient commitments from its shareholders. There are no assurances that the most recent extension will be successful. Even assuming shareholders are forthcoming with additional funding in the short term, ICO would still not be fully funded through to commercial launch, and would continue to be exposed to substantial funding risk. Moreover, the experience of Iridium Operating LLC/Iridium Capital Corp. ('D'/--/--) indicates that demand for satellite-based mobile services may be substantially lower than was originally forecast, and with Globalstar, L.P. (single-'B'/Watch Neg/--) soon to launch a competing service, satellite-based mobile telephony may become highly commoditised and subject to intense price competition by the time ICO enters as the third global player. Standard & Poor's had originally notched the senior unsecured notes down twice from the corporate credit ratings on ICO given the original expectation that the notes would be subordinated to the bank debt. As ICO has been unable, to date, to arrange a bank facility, Standard & Poor's has removed the two-notch differential between the corporate credit ratings and the senior unsecured ratings on ICO. If ICO closes substantial future funding that is senior to the notes, Standard & Poor's would be likely to downgrade the notes. Standard & Poor's will monitor ICO's key business and commercial milestones closely--particularly its ability to close the current rights issue and to launch its satellites on schedule. While ICO should have sufficient cash resources to meet its senior note coupon obligations at the start of August, the company will likely be forced out of business if additional funding is not found soon, Standard & Poor's said. Copyright © 1999 Reuters Limited. All rights reserved.