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

To: djane who wrote (7136)	9/2/1999 2:27:00 AM
From: djane	Read Replies (1) \| Respond to of 29987

In the 8/30/99 Phillips Satellite News article on the ICO bankruptcy filing, there were the following relevant/new excerpts. Tim Logue, a telecom consultant with the Coudert Brothers law firm, said, "It is very bad news for the non-geostationary business model. It means that everybody in the industry should get down on their knees and pray for a successful Globalstar service launch." "Globalstar may have the market to itself," said Armand Musey, an analyst with Bank of America Securities, which has a "buy" rating on Globalstar. "The longer ICO and Iridium stay in Chapter 11, the less likely they will get out." Meanwhile, Mark Grannis, a founding partner at the Washington, D.C. law firm of Harris, Wiltshire and Grannis and former advisor in the FCC's International Bureau, said ICO's filing will force the satellite industry to confront pricing and quality-of-service issues instead of blaming Iridium's failure on a poor distribution network. "The single feature of the ICO project that competitors have feared most is ICO's awesome distribution network."