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

To: RobQ who wrote (10123)	2/17/2000 7:33:00 AM
From: David Wiggins	Respond to of 29987

TESAM opens Globalstar station in Venezuela RIO CHICO, Venezuela, Feb 15 (Reuters) - TESAM de Venezuela, a French-owned provider of Globalstar Telecommunications <GSTRF.O> satellite phone services, inaugurated a reception station which will allow it to operate in northern South America and the Caribbean. The station in the northern Venezuelan town of Rio Chico, cost $30 million to build and is one of five Globalstar stations planned for South America, company officials said. As well as Venezuela, it will offer Globalstar services to northern Brazil, Colombia, French Guiana, Suriname and the eastern Caribbean islands, said TESAM de Venezuela managing director Maritza Escalona. TESAM de Venezuela is a unit of TESAM SAS, one of several Globalstar partners around the world. It was set up by France Telecom <FTE.PA> and Alcatel <CGEP.PA> and develops Globalstar's services in about 30 countries. Globalstar offers telephones that operate like cellular phones when they are in range of a cellular system and switch to satellite when out of cellular range. Regards, Dave

To: RobQ who wrote (10123)	2/17/2000 8:15:00 AM
From: leo_bloom	Read Replies (1) \| Respond to of 29987

Rob, I'm guilty of having passed along what I heard from others. I didn't catch the interview myself. What I heard is that J.M.'s Loral bashing was a rerun of what we were hearing from the Republicans last year. Nothing new: a highlighting of B. Schwartz's contributions to the Democrats and allegations of Loral's involvement in providing the Chinese with sensitive information on missile technology. This probably has little to do with G's price drop yesterday, though. Most of the political heat has been directed toward Loral, rather than G. My guess is that a lack of news the day after February 15 is what prompted selling. February 15, one of the days mentioned as the beginning of full commercial service for operational gateways, was probably a deadline of sorts for certain institutional investors. Maybe they had determined that if they didn't get certain concrete and positive news about operations by the 15th, they were going to bail. For a darker take, I've also considered whether the Feb. 15 "deadline" could have been used by market manipulators to knock the price down by capitalizing on jittery investors' fears, which were probably very ripe after a prolonged downswing in the stock and no big news on the 16th. Just random speculation. lb