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To: gdichaz who wrote (4845)	1/5/2000 2:21:00 PM
From: Ruffian	Respond to of 13582

Mannesmann bolsters takeover defense LONDON—Mannesmann AG is stepping up its defense against Vodafone AirTouch plc's $128.7 billion hostile takeover bid. Klaus Esser, Mannesmann chairman, is warning investors of potential risks, the Financial Times reported. Esser said Vodafone AirTouch may need as much as $60 billion cash to buy out remaining shareholders if Vodafone claims victory with just over 50 percent of the shares. Mannesmann's defense document is due by Jan. 14, although the company already has launched a newspaper campaign highlighting the dangers to shareholders. Mannesmann said a takeover would put Mannesmann's development on hold for a year while the two companies integrate. In addition, the company said taking management control of Mannesmann could prove difficult without 75-percent ownership. However, Chris Gent, Vodafone AirTouch chief executive, said he and his executive team have talked with 70 percent of shareholders and believe they will win the battle, according to the report.

To: gdichaz who wrote (4845)	1/5/2000 8:18:00 PM
From: Ruffian	Respond to of 13582

Globalstar To Launch Limited U.S. Service On Thu By NICOLE HARRIS NEW YORK -- Globalstar Telecommunications Ltd.'s (GSTRF) American operations will launch limited satellite telephone service in the U.S. on Thursday. Globalstar USA said the "soft" launch will include basic satellite phone service. Features such as voice mail and call waiting will be available at a later date, the company said. Globalstar will use the limited service period to make final adjustments to its marketing, distribution and customer-care systems before its full commercial service launch slated to begin later this quarter. "Globalstar USA will introduce service only when it's ready, so that our customers will receive the best quality and value, with a service that is easy to use," said Mike Kerr, vice president and general manager of Globalstar USA. Satellite phones are supposed to be used where traditional cellular service providers don't have coverage. Industry analysts are watching Globalstar closely after rivals Iridium LLC and ICO Communications Inc. filed for bankruptcy protection last year. Those companies stumbled after failing to sign up enough customers when the service proved too complicated to use and too expensive to purchase. Globalstar said its affordable and practical phones will attract a wide user base. The phones itself will cost approximately $1,499.00 in the U.S. and monthly service charges and fees will start at $29.99. Globalstar, led by founding partner Loral Space & Communications Ltd. (LOR), is a partnership of a host of telecommunications-service providers and equipment manufacturers including Qualcomm Inc. (QCOM), Alcatel SA (ALA) and Vodafone AirTouch PLC (VOD). Globalstar USA, the provider of Globalstar Telecommunications service in the U.S., is a unit of Vodafone AirTouch. -Nicole Harris; 212-416-2224 Briefing Book for: ALA \| F.ALC \| GSTRF \| ICOFQ \| IRIQE \| LOR \| QCOM \| U.VOD \| VOD