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

To: tensforme who wrote (13511)	6/14/2000 2:10:00 PM
From: SKIP PAUL	Respond to of 29986

Sounds like good News. (MORE) DOW JONES NEWS 06-14-00 11:45 AM DJ Qualcomm CFO: Confident Of Globalstar But Growth Slow (MORE) DOW JONES NEWS 06-14-00 11:49 AM *DJ Qualcomm CFO: Globalstar Demise Could Cut 10c From FY01 (MORE) DOW JONES NEWS 06-14-00 11:55 AM =DJ Qualcomm CFO -2: Confident Globalstar Will Survive By Marcelo Prince NEW YORK (Dow Jones)--Qualcomm Inc. (QCOM) financial chief Anthony Thornley said Wednesday it's too early to estimate the impact the South Korean government's decision to end handset subsidies will have on the company's business. Speaking to a room overflowing with investors at a Bear Stearns technology conference, Thornley said the company is evaluating South Korea's decision last week telling service providers they must end subsidized wireless phone purchases. But he noted that the government has been unsuccessful in making previous orders, which lasted for one to two months, stick. However, since Korea accounts for 20% to 25% of the total worldwide CDMA market, if domestic Korean handset sales dry up it could "potentially have an impact," he said. Thornley said the company hoped to provide further guidance on the issue in its third-quarter earnings conference call in July. When asked about the status of Globalstar Telecommunications LTD. (GSTRF), a struggling satellite phone service, Thornley admitted that its "growth has been very slow," but he said Qualcomm remains committed to the venture. "There is a cash question, existing cash runs out relatively soon," but Thornley said he's confident that Globalstar will ultimately attract enough subscribers to survive. He said Globalstar needs one million subscribers to break even. He noted Qualcomm has shipped 40,000 phones with its technology so far to South America and plans to ship another 40,000 for Global Star customers by the end of its fiscal year. In response to a question, Thornley said if Globalstar fails, it could have a 10 cent a share impact on Wall Street's earnings estimate of $1.45 a share for fiscal 2001, depending on how much other sales could offset the Globalstar business. Qualcomm shares recently traded at 75 3/16, down 6 3/16, or 7.7%, on volume of 16.4 million shares, compared with average daily volume of 20 million. Globalstar shares recently traded at 7 1/4, up 1/4, or 3.6%, on volume of 2.6 million shares, compared with average daily volume of 3.6 million. 01:17 PM

To: tensforme who wrote (13511)	6/14/2000 4:50:00 PM
From: rf_hombre	Read Replies (1) \| Respond to of 29986

<First, let me say that I think the most EGGREGIOUS> You egregiously spelled egregious. Sorry but i couldnït resist. <g> I went to the site dictionary.com to see what the word meant. Cheers,

To: tensforme who wrote (13511)	6/14/2000 8:23:00 PM
From: TMann	Read Replies (1) \| Respond to of 29986

No, the service providers are not hungry as evident by their stealth marketing and their commitment to the current course of high prices, unknowledgable retail outlets, slow sales and demise. If G* fails they write off $100-200M and say oh well, we tried, on to more important issues like 3G. I take no comfort in Thornleys remarks 'if G* fails our exposure is only 10 cents'. I'd feel better if he said our exposure will increase when we kick in an additional $200M. That would be a statement of commitment. Where's the money going to come from boys?? If we did a secondary offering today for $700M (likely needed to reach breakeven) we would need to sell 100M shares or 1/3 of outstanding GLP shares. Big dilution if you catch my train of thought. Those wheaties are tasting better all the time. Go Globaldog!