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

To: mmeggs who wrote (7319)	9/10/1999 4:50:00 PM
From: Jim Parkinson	Read Replies (2) \| Respond to of 29987

Thanks for the ML report. It is very positive. I am especially encouraged by the comments on call and voice quality. I noticed they didn't mention anything about geo's or Ir bandwidth. My source on that was credible but recd the info second hand. I am sure we will be hearing from more analysts next week.

To: mmeggs who wrote (7319)	9/10/1999 5:09:00 PM
From: JGoren	Read Replies (1) \| Respond to of 29987

Word I got from someone who attended. He is more bullish than ever. The delay on the calls is the same as a cell phone. Quality excellent; I heard a tape and it's somewhat tinnier sound than regular cdma but clear as a bell. The phones are not very large, and they are LIGHTweight. Company intentionally doing slow rollout. You saw some of the effect today. Volume 2X and up 2-3/4. They really got a chance to try out the phones, and I was told Valueman really put the phone through its paces. Will be interested to read what Valueman's has to say.

To: mmeggs who wrote (7319)	9/11/1999 10:06:00 AM
From: djane	Read Replies (1) \| Respond to of 29987

Article on ABN-AMRO report on G* management projections 09/10 17:10 RESEARCH ALERT-Globalstar <GSTRF.O> sets targets CHICAGO, Sept 10 (Reuters) - ABN-AMRO said Friday that global satellite phone company Globalstar Telecommunications Ltd. was on target to begin service later this year, and was shooting for 1 million subscribers by the end of 2000. -- Globalstar aims to provide worldwide satellite telephone service via a system of orbiting satellites. Its two main competitors, Iridium LLC <IRIQE.O> and ICO Global Communications Ltd. <ICOFQ.O> filed for Chapter 11 bankruptcy protection in August. -- "While hesitant to do so, management projects 1 million subscribers, $650 million in revenue, 75 percent EBITDA margins, 160 average minutes of use per month, and break-even performance by the year-end 2000," ABN-AMRO said in a research note following an analysts' meeting with Globalstar and Loral Space & Communications Ltd. <LOR.N>, which owns 45 percent of Globalstar. ABN-AMRO repeated its hold rating on Loral. -- "While the meeting was positive, management was hesitant to make firm projections for most of their business units," ABN-AMRO said. "All systems are 'go' with formal service launch likely in October or November. Somewhat disappointing, this is slightly behind the anticipated September plan." -- ABN-AMRO said meeting participants were invited to test the satellite phones. "We were impressed by the voice quality, call completion and retention success, and absence of voice delay," ABN-AMRO said, adding that voice quality was of better quality than a traditional analog cellular phone. "While this was certainly a small trial under ideal weather conditions, everyone seemed impressed." -- ABN-AMRO said the big question for Globalstar is its market. "Globalstar believes the sweet spot for the mobile satellite market lies within the 'cellular extension' segment, that is, under-served telephone markets," ABN-AMRO said. "Iridium's mistake, Globalstar contends, was focusing on the business traveler market." -- Globalstar's stock closed up 2-3/4 at 27-1/4, while shares of Loral gained 7/16 to close at 19-11/16. ((--Chicago Equities News at 312 408 8787, chicago.equities.newsroom@reuters.com)) COPYRIGHT ¸ 1999 REUTERS LIMITED. ALL RIGHTS RESERVED.