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

To: Lu_Xun who wrote (10473)	3/3/2000 7:28:00 PM
From: A.L. Reagan	Read Replies (2) \| Respond to of 29987

This weeks LOL award: Iridium LLC Remains Committed to Asset Sale 03/03/00 -------------------------------------------------------------------------------- WASHINGTON--(BUSINESS WIRE)--March 3, 2000--Iridium LLC learned yesterday that Craig McCaw's Eagle River Investments LLC would not submit a purchase proposal for Iridium's assets as previously anticipated. Iridium remains committed to a sale of its assets and is aggressively pursuing other potential qualified buyers. At the Company's request, the U.S. Bankruptcy Court for the Southern District of New York postponed the hearing scheduled for today. "We have received expression of interest from other potential buyers," said Iridium COO Randall Brouckman. "Much attention has been afforded the potential McCaw bid. Now that he has clarified his intentions, we believe that the quality of our system and the value of our assets should attract additional qualified proposals." ---------------------- Was glad to find confirmation from IRID that they've been left at the alter.

To: Lu_Xun who wrote (10473)	3/3/2000 7:51:00 PM
From: Lance Bredvold	Read Replies (1) \| Respond to of 29987

Another hopeful observation. Airtouch has acquired an analog wireless operator which covers most of the plains through mountain states to the North. So I visited their local store this afternoon and asked whether they had a Globalstar phone they could show me. No, but they had been demonstrated to the sales people last week and should be here in two weeks or so. (I find it hopeful even that phones are not yet available for sale locally.) Next I asked whether others had asked about Globalstar service and he said I was the first. Finally I suggested that ranchers and hunters would buy them. I thought his response most interesting. He said yes, and outfitters. They will be required to have them. Of course they will though it had never occurred to me before and I've never heard anyone here mention it. First the outfitters' insurance companies will begin requiring them and later some pressure from the state licensing agency. Perhaps what I find most hopeful about that conclusion has to do with my fear that if handsets were not being sold as fast as they could be manufactured, the system would be sunk. I am now seeing how pressure to have such phones will be more than a fad product and as time goes on there is apt to be more and more pressure from many sources to use these phones. Up until now all I could see was decreasing prices as the generator of additional demand. Now I am seeing time as a friend as well as a huge problem in the sense of rotting minutes. Still looking forward to subscribers numbers, MOU and handset sales figures, but even more sure that the system will eventually reach capacity. That could result in much lower return for Globalstar due to capital needs to carry them through breakeven, but it is very positive for Loral which, in my mind at least, has very little risk of having to bail out Globalstar or lose loans already made. Similar are vendor agreements from QCOM. Lance