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

To: Ilaine who wrote (12744)	5/13/2000 1:39:00 PM
From: Rocket Scientist	Read Replies (2) \| Respond to of 29987

Thanks for pointing me to the Inmarsat site...it's changed a lot since my last visit a year ago or so. So, it's now privatized...and plans to go public...as I said, I wish it luck. From the site, we have these financial highlights: GROUP HIGHLIGHTS COMMERCIAL Global Area Network (GAN), the first truly mobile satellite service offering 64kbit/s data rates, launched to excellent reviews. GAN uniquely offers both Mobile ISDN and Mobile Packet Data services to the vertical corporate markets. Investment of US$1.4 billion approved for a new fourth generation satellite constellation called Inmarsat I-4. First acquisition provides access into the VSAT fixed satellite market expanding Inmarsat's overall communications portfolio. TRANSITION On April 15, 1999, Inmarsat became the first intergovernmental organization (IGO) to privatise. Inmarsat's structure is now better suited to today's competitive business. FINANCIAL RESULTS Total space segment revenues, including the period January 1 to April 14, 1999, from Inmarsat as an IGO, were US$406.2 million. Profit on ordinary activities, including the period January 1 to April 14, 1999, from Inmarsat as an IGO, was US$119.4 million, before taxation and a provision of US$150.0 million for diminution in the value of the ICO investment. As for ICO, sure, it had many partners, but the originator was Inmarsat and it's owners.