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

To: bryston who wrote (11187)	3/24/2000 9:40:00 PM
From: Reagan DuBose	Respond to of 29987

Thanks, Bryston. My memory was having a "senior moment" and couldn't come up with the Orbitel name. After review of the chronology, I find a press release stating that the contract with Orbitel for the Globalstar/GSM phones was signed in January of 1996. At that time, I believe, Ericsson owned 50% of Orbitel, and Vodaphone the other 50%. Sometime later (prior to 16 April 1996, according to another press release) Ericsson reached agreement with Vodaphone to acquire the remaining 50% interest in Orbitel. So, when the order was placed Orbitel was not a totally owned subsidiary of Ericsson, but within a few months it became so. I wonder if becoming a wholly-owned subsidiary engendered any change of emphasis on development and manufacture of the Globalstar/GSM telephone? Also, I wonder if Qualcomm/Loral knew at the time the contract was awarded that Ericsson was about to become the sole owner of Orbitel? Not particulary pertinent now, but it would be interesting to know. RLD