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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (3991)	9/24/1999 9:59:00 PM
From: Michael	Respond to of 10293

My friend Bill: Some information about GSTRF Qualcomm CEO Sees 1 Mln Globalstar Phone Customers (Update1) San Diego, Sept. 23 (Bloomberg) -- Qualcomm Inc. Chief Executive Irwin Jacobs said Globalstar Telecommunications Ltd., the satellite-telephone operator for which it's making equipment, can reach a million customers quickly. Globalstar counts the world's the largest wireless-services company, Vodafone AirTouch Plc, among its partners. The company will officially announce the availability of its service at Telecom '99 in Geneva next month. Investors will be concerned about Globalstar's prospects, Jacobs said, since Iridum LLC and ICO Global Communications Ltd., two other satellite-telephone services providers, have sought bankruptcy court protection from creditors. 'It will be largely a soft launch,' he said of Globalstar's expected announcement. 'Gradually, each operator will decide when it's appropriate to go into the full commercial launch. I would expect much of that will happen about the beginning of the year.' Jacobs said he expects demand for satellite phones to rise as the regional operators 'do their part' to market and support the service. 'I won't predict anything, but I would hope we get fairly quickly past the million (subscriber) mark,' he said. That milestone could be reached in 'a year, optimistically,' he said, 'but probably more than a year.' Shares of Qualcomm, based in San Diego, fell 3 1/2 to 186 5/8. The company is the best-performing stock in the Standard & Poor's 500 Index this year. Globalstar fell 1 5/8 to 24 1/4.