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

To: Michaelth1 who wrote (17684)	10/6/2000 8:52:50 PM
From: BobRealEstate	Respond to of 29986

Mike, you're wrong (this is repetitive, I know). The amount that the $68MM the SPs kicked in will reduce QCOM's and LOR's indebtedness to G* is miniscule and not worth the effort. LOR was also one of the contributors so it doesn't get helped at all under that theory. QCOM doesn't care either, its investment in G* is so small, a complete wipe out would have NO material impact on its operations or book value. And all I keep thinking of is Jacobs giggling with glee about how well everything worked on the IFN demo flight. I wonder if it was that laptop that got pinched?