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

To: Geoff Goodfellow who wrote (10131)	2/17/2000 11:32:00 AM
From: Jon Koplik	Respond to of 29987

Re : Mr. Schwartz working two jobs -- my impression is that his main purpose at Globalstar is simply to "knock some heads together" and get things done. (This was also (supposedly) the role of Billy Salomon at Salomon Brothers back in the late 1970's, when the firm was still "glued together" quite nicely). Once people are successfully coerced into working together well, not much more should be required (provided you have good people as your employees). Jon.

To: Geoff Goodfellow who wrote (10131)	2/17/2000 2:10:00 PM
From: mmeggs	Respond to of 29987

You seem to be forgetting his other "full-time" job -- that of head cheerleader for the Clintons and the DNC. What with the dinners, sleepovers, and check-writing, I'm not even sure he knows what the stock price is. Bitterly, mmeggs

To: Geoff Goodfellow who wrote (10131)	2/18/2000 1:15:00 AM
From: Geoff Goodfellow	Read Replies (1) \| Respond to of 29987

Inmarsat sees datacom traffic growing to 70 pct By Angela Tan SINGAPORE, Feb 17 (Reuters) - Inmarsat Ltd, London-based global mobile satellite company, expects data communications to contribute up to 70 percent of its overall traffic by 2003, Chairman Richard Vos said on Thursday. "Data communications is currently 40 percent of our overall traffic, but that is expected to go up to 70 percent...by 2003," Vos told a news conference. Vos was in Singapore, Inmarsat's regional headquarters, to meet Asian shareholders, including Japan's KDD , Korea Telecom and Singapore Telecommunications . Asian shareholders hold a 17.85 percent stake in the group. "The reason for the growth will be Internet access, e-commerce and remote local area network access, which (are) important for people in the maritime and oil exploration activities," Vos said. The Asia Pacific is home to about six percent of Inmarsat's customers and has been identified as one of the fastest growing regions, generating about 24 percent of its overall revenue. For 1998, Inmarsat's sales were slightly over US$400 milllion, compared to $388 million in 1997. Inmarsat, formed in 1979 to serve the maritime industry using satellite communications, now serves the energy, construction and aeronautical industries. It had over 183,000 users at the end of 1999 in more than 80 countries. Inmarsat hopes to offer 20-30 percent of new company shares in a dual listing by early 2001. Growth for low-debt Inmarsat would be via acquisitions, said Vos, who was appointed Chairman last April. Inmarsat, which has a book value of $1.3 billion, was looking to develop applications and the content side of the business. The maritime industry, contributing about 75 percent of group sales, remained a target market segment. George Novelli, vice president of marketing and business development, said the other segment was the land mobile market, targeting media as well as the oil and gas exploration customers, while group officials said it was exploring opportunities in Burma with SingTel and KDD. Optimism was fuelled by a push to provide higher bandwidth multimedia applications to customers worldwide. Inmarsat would launch by 2003-2004 its $1.4 billion satellite Inmarsat I-4, which would provide digital communication at speeds up to 432 kilobits per second. Currently available in the mobile media market are speeds ranging from 4.8 to 9.6 kilobits per second. ((Singapore Newsroom (65) 870-3080; Fax (65) 776-8112, singapore.newsroomreuters.com))