My friend Bill,welcome back
Good to see that you have chosen to share your insight and due
dilgence in finding stock frauds. I have a great return on
my short investments, and I must give you some credit for
my personal gains,
Your new short of Globalstar I must question.
GSTRF is not IRID. GSTRF is a CDMA based satellite phone system.
There are much better shorts than betting against Dr. Irwin Jacobs.
www-soe.ucsd.edu
globalstar.com
First Satellite Telephone Call Made Over Globalstar
Lab Call Over Satellite Validates Key Technological Features
NEW YORK - May 1, 1998 - Globalstar (NASDAQ:GSTRF) announced today the completion of the first telephone call made over the Globalstar satellite system.
Dr. Irwin Jacobs, chairman of San Diego-based QUALCOMM (NASDAQ:QCOM), placed the call on a QUALCOMM Globalstar handset and reached Globalstar chairman and chief executive officer Bernard L. Schwartz in his New York office. "This is the first official call over the Globalstar satellite system," Mr. Jacobs said to Mr. Schwartz, "and if we stay on long enough well be able to test the satellites beam switching capability."
Mr. Schwartz, commenting on the quality of the transmission, said, "This is better than cellular! Thank you for placing the first call to me. We've been looking forward to this moment for a long time." There was no voice delay or interruption throughout the duration of the four minute call.
The inaugural call was transmitted from San Diego to a passing Globalstar satellite orbiting 1414 kilometers overhead, and back down to QUALCOMM's Globalstar test-bed gateway in San Diego. The call was then routed to Mr. Schwartzs office in New York City via the local public switched telephone network (PSTN).
"This confirms key aspects of Globalstar technology transmitted over satellite," said Mr. Schwartz. "It thoroughly validates QUALCOMMs CDMA (code division multiple access) wave form, and the gateway infrastructure that QUALCOMM developed for the Globalstar system. The call was carried for the entire duration of the satellite pass, through multiple beam switching, validating the adaptation of CDMA technology to Globalstar service, including variable rate vocoders, the gateway software and switching technology, and the PSTN interconnect."
QUALCOMM, under a 1994 development contract with Globalstar, has primary responsibility for the development of the equipment and software for the ground segment of the Globalstar system using its CDMA wireless technology.
The Globalstar system, comprising 48 low-earth-orbit (LEO) satellites and a global network of ground stations, will allow people around the world to make or receive calls using hand-held, vehicle-mounted and fixed-site terminals. Globalstar will also provide data transmission, messaging, facsimile and position location services. Globalstar currently has eight satellites in orbit and expects to launch 36 additional satellites by the end of the year. Globalstar now has service provider agreements in 114 countries, covering most of Globalstar's business plan. Four Globalstar gateways are being used to control and test the satellite system, and site work and construction is under way at 20 more gateway sites around the world.
Globalstar, led by Loral Space & Communications, is a partnership of the world's leading telecommunications service providers and equipment manufacturers, including QUALCOMM Incorporated, AirTouch Communications, Alcatel, Alenia, China Telecom (Hong Kong), DACOM, Daimler-Benz Aerospace, Elsacom, a Finmeccanica/Elsag Bailey Company, France Telecom, Hyundai, Space Systems/Loral and Vodafone. For more information, visit Globalstar's web site at globalstar.com.
Headquartered in San Diego, QUALCOMM develops, manufactures, markets, licenses and operates advanced communications systems and products based on its proprietary digital wireless technologies. The Company's primary product areas are the OmniTRACS" system (a geostationary satellite-based, mobile communications system providing two-way data and position reporting services), CDMA wireless communications systems and products and, in conjunction with others, the development of the Globalstar" low-Earth-orbit (LEO) satellite communications system. Other Company products include the Eudora" family of electronic messaging software, ASIC products, and communications equipment and systems for government and commercial customers worldwide. For more information on QUALCOMM products and technologies, please visit the Company's web site at qualcomm.com.
Loral Space & Communications (NYSE:LOR), headquartered in New York City, is a high technology company that primarily concentrates on satellite manufacturing and satellite-based services, including broadcast transponder leasing and value added services, domestic and international corporate data networks, global wireless telephony, broadband data transmission and formatting, Internet connectivity, digital audio radio services, and international direct-to-home satellite services. For more information, visit Loral's web site at loral.com. |
