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To: Earlie who wrote (23311)9/30/2000 11:47:41 AM
From: LLCF  Read Replies (2) | Respond to of 436258
 
<Globalstar, my "Iridium two" of this past spring, continues to see its debt-inspired orbital track spiral ever closer to the atmosphere. >

I hear that analysts are predicting orbital decay and ultimate demise based on the interest payments on the debt. Beat the rush on tax selling??

DAK



To: Earlie who wrote (23311)9/30/2000 12:01:56 PM
From: KyrosL  Read Replies (3) | Respond to of 436258
 
I am long Loral and long Globalstar bonds (at around 26 cents on the dollar). I think the Globalstar bonds will do very well, and even Globalstar itself has a fair chance of survival. I think it's way too dangerous to short it. It certainly is no Iridium.

Kyros


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