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

To: Dennis Roth who wrote (11316)	3/27/2000 3:35:00 PM
From: David Wiggins	Read Replies (1) \| Respond to of 29987

More lies from Globalstar(from Motley Fool article):Satellite telephone company Globalstar (Nasdaq: GSTRF) plans to cut about 25% off the price of its $1,500 satellite phones, and reduce per minute calling charges to bolster sales of its worldwide telephone service, according to a story in The Wall Street Journal. Globalstar shares fell more than $2 to around $13 in early trading, within striking distance of a 52-week low. Too bad the Journal has to break a story like this since the company told analysts all about it in a March 8 conference call. A handful of investment banks downgraded the shares after the call, citing lack of revenue visibility, worries about handset production meeting expected levels, and lower-than-expected average monthly use. Many investment firms remain bullish on Globalstar's long-term prospects but downgraded the company in the near term. It would have been nice if Globalstar let shareholders in on the news since its relied heavily on equity investors to get its system operational. "It certainly wasn't a matter of corporate policy," a company spokesperson said. "It was an oversight." Hopefully that means shareholders will get better treatment in the future. --------------------------- FWIW, I seriously feel Mr. Schwartz should be replaced. I will advise it at the next shareholder meeting. Regards, Dave