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Technology Stocks : The New Qualcomm - a S&P500 company -- Ignore unavailable to you. Want to Upgrade?

To: Ruffian who wrote (6689)	2/20/2000 5:05:00 PM
From: Art Bechhoefer	Respond to of 13582

The BARRON'S article says nothing unusual. A company that issues more stock or other securities can expect that existing common shares will reflect earnings dilution. As for the market for Globalstar services, the experience with the far more expensive and lower voice quality of Iridium cannot be indicative of demand for Globalstar. One of the most obvious applications will be for journalists, who will no longer be constrained in filing reports to existing wired or cellular phone services. Now they can file a report from the battlefield, if need be. The article also fails to point out that the Chairman of the company, Bernard Schwartz, bought a considerable number of Globalstar common shares during the past year. If that isn't bullish, then investors might want to look at the Globalstar bonds, which currently carry a junk rating, but which, owing to the interest of both QUALCOMM and LORAL in seeing the company succeed, appear to be a pretty decent deal -- providing a return of about 31 percent annually. Art