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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Jill who wrote (51969)	11/29/1999 7:09:00 PM
From: GO*QCOM	Read Replies (1) \| Respond to of 152472

GLOBALSTAR getting ready to Launch? I called Globalstar USA with the question,when are you expecting to launch in the San Diego area?They said end of December or early January.Then the following news hit the wires which is very poitive for Globalstar. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>Monday November 29, 4:14 pm Eastern Time Company Press Release 2.6 Million Shares of Globalstar 8% Convertible Preferred Stock Converted Into Common Shares NEW YORK--(BUSINESS WIRE)--Nov. 29, 1999--Globalstar Telecommunications Limited (NASDAQ:GSTRF - news) announced today that, in a privately negotiated transaction requested by the holders, 2,603,605 shares of Globalstar's 8% Convertible Preferred Stock due 2011 were converted into 5,597,633 shares of Globalstar Common Stock. ``This opportunistic transaction provides the company with additional financing flexibility as we initiate Globalstar service,' noted Bernard L. Schwartz, chairman and chief executive officer. In connection with this conversion, Globalstar paid the holders 924,324 shares of common stock, the equivalent of the dividend pre-payments to which they would have been entitled under the terms of the Convertible Preferred Stock if a Provisional Redemption had been made. After giving effect to the conversion and the dividend pre-payment, Globalstar L.P.'s fully diluted share base, upon which earnings per share are calculated, increased by less than one percent to approximately 282 million shares, of which approximately 88.6 million shares are publicly traded. Globalstar, led by founding partner Loral Space & Communications, is a partnership of the world's leading telecommunications service providers and equipment manufacturers, including Alenia, China Telecom (HK), DACOM, DaimlerChrysler Aerospace, Elsacom (a Finmeccanica Company), Hyundai, Qualcomm Incorporated, TE.SA.M (a France Telecom/Alcatel company), Space Systems/Loral, and Vodafone AirTouch. For more information, visit Globalstar's web site at www.globalstar.com. -------------------------------------------------------------------------------- Contact: Globalstar Telecommunications Limited Jeanette Clonan, 212/338-5658

To: Jill who wrote (51969)	11/29/1999 7:30:00 PM
From: quidditch	Read Replies (1) \| Respond to of 152472

Jill, Poet, thank you for your replies. I have heard of Northpoint and receive flyers of many colors and persuasions hawking high speed internet connections when I mosey on over to J&R Computers on Park Place. Invariably, when I give the sidewalk santas my telephone prefix, they smile wanly, apologize that "we're not in your neighborhood yet" and shuffle off after new prey. I commute daily, but live in the near boonies, at least as far as modern telecommunications is concerned. That's why, at least so far, I'm waiting to see what another dish on my roof will do. Steve