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

To: David Wiggins who wrote (11317)	3/27/2000 4:23:00 PM
From: Dennis Roth	Read Replies (1) \| Respond to of 29987

Price cut not news to the regulars on this thread. >> Too bad the Journal has to break a story like this << I guess the Fool doesn't use AOL or Bloomberg news. Cooter posted the price cut here in message #10658 Message 13129335 From AOl News.-- Cooters New York, March 8 (Bloomberg) -- Globalstar Telecommunications Ltd., a satellite-telephone company, said phone shipments to Europe has been stalled because manufacturer Ericson AB hasn't gained approval for their sale. The company expects Ericsson will get the approval by March 18, Globalstar Chief Executive Bernard Schwartz said on a conference call. Globalstar also said its cutting the price on some of its phones, which sell for about $1,500, by $400.