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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (31897)2/24/2001 8:24:57 AM
From: pbull  Read Replies (1) | Respond to of 65232
 
Thanks, Dealer. Just want folks to understand where we are, and why.<eom>



To: Dealer who wrote (31897)2/26/2001 12:03:09 AM
From: KyrosL  Respond to of 65232
 
There is at least one major inaccuracy in that post. Qualcomm did not spend $4.5 billion on Globalstar. Its total exposure is around $600 million, and it has written it off already. Globalstar did cost $4.5 billion, spread between the bondholders, the equity holders, Loral and Qualcomm.


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