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

To: pcstel who wrote (20646)	12/28/2000 10:09:34 PM
From: Investartist	Read Replies (1) \| Respond to of 29987

In-Flight Dogfight previous thread previous next next thread posted to: Telecosm Lounge poster: tgodlove date: 12/25/00 10:12:45 PM -------------------------------------------------------------------------------- Business 2.0 Jan 01 Article In-flight Dogfight by Kim Girard The article is a couple of pages long but here are some comments about G* Any comments? This is from the above article in Business 2.0 Jan 01 - More to come Meanwhile, In-Flight Network promises to start testing a blockbuster package of email, live television, Internet and corporate intranet access on domestic flights this year. Jeff Wales, CEO of IFN, says the company plans to charge customers about the same $20 to $24 a month they'd pay on the ground for services. IFN's potential Achilles' heel, however, is its partial reliance on satellite service provider Globalstar; without it, the airlines have no in-flight communications. Some analysts say cash-strapped Globalstar may be at risk to go the way of Iridium, the now-bankrupt satellite-phone company backed by Motorola. However Globalstar got a temporary reprieve in September, through a $105 million infusion from Bear Stearns and $56 million more from founding partners Qualcomm, Vodafone, and Loral Space and Communications. News Corp., which controls the 20th Century Fox film studio and the Fox television network, doesn't seem worried. As far as Wales is concerned, the only players that matter in this race are the two behemoths: Boeing and IFN

To: pcstel who wrote (20646)	12/29/2000 9:14:19 AM
From: Art Bechhoefer	Read Replies (1) \| Respond to of 29987

PCSTEL, you stated "The Bondholders know there will be little cash left on March 31, 2000." How do you (or they) know that? G* has advised shareholders and the public that it will have enough cash on hand through June 15. Where do you get the March 31 figure (and I assume you meant 2001)? You also keep reminding us that the satellites are no good without the gateways. Isn't it also true that the gateways are no good without the satellites? I continue to believe the satellites have value, no matter who owns them. Art