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To: Ex-INTCfan who wrote (24165)	6/30/2000 2:06:01 PM
From: Sully-	Read Replies (1) \| Respond to of 35685

Last Update: 2:02 PM ET Jun 30, 2000: NewsWatch Indications ADR Report Friday, June 30, 2000 GSTRF has 'sufficient funds' --2:02 pm - By Chris Kraeuter Globalstar (GSTRF: news, msgs) said it will close the year with about $90 million in surplus cash due to a replacement financing of its $250 million Chase credit facility. The credit line has been replaced by pay-in-kind Globalstar notes, due 2003. "As we have previously noted, Globalstar has sufficient funds on hand to continue marketing its service," said Bernard L. Schwartz, chairman and CEO. The guarantors for the original facility; Lockheed Martin (LMT: news, msgs), Qualcomm (QCOM: news, msgs), DASA (DCX: news, msgs) and Loral Space & Commun. (LOR: news, msgs); received warrants when the agreement was signed in 1996. However, Lockheed, which contributed $150 million under the guarantee, "has expressed disagreement with the form of satisfaction, and Globalstar and Lockheed are engaged in discussions with a view to resolving this matter." Globalstar shares are up 11/16, or 8 percent, to 8 29/32 on volume of 3.1 million shares. www2.marketwatch.com