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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: 2MAR$ who wrote (66035)1/16/2001 9:00:55 AM
From: Jim Spitz  Respond to of 122087
 
www2.marketwatch.com

Market Pulse

Last Update: 8:48 AM ET Jan 16, 2001:
Tuesday, January 16, 2001

Globalstar suspends payments
--8:48 am - By Jeffry Bartash
Troubled satellite phone carrier Globalstar (GSTRF: news, msgs) said Tuesday
that it will indefinitely suspend all principal and interest payments on its debt,
including vendor financing, to ensure it has "sufficient funds available" for its
efforts to market its phone service and sign up subscribers. The decision could
hurt backers such as Loral (LOR: news, msgs) and Qualcomm (QCOM: news,
msgs).

Stay in the Black! jimS