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Technology Stocks : GX Investors Thread -- Ignore unavailable to you. Want to Upgrade?

To: Selectric II who wrote (544)	2/14/2002 4:08:29 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 586

<The new Globalstar owners, whoever they turn out to be (and I think they already know who they are and have known for quite some time) will benefit. > Well, they are me [and other creditors] as well as whoever puts up some more money to get the thing going again. I think QUALCOMM would be one of them because they have a lot of cash and a lot of interest in getting it to succeed [since they would supply millions of ASICs, handsets, other subscriber devices, collect royalties and develop more technology and supply gateways]. The same for Global Crossing - we know who the creditors are [me, and other Senior Note holders for example]. The creditors and those who put up more money [Hutchison Whampoa and Singapore Technologies Telemedia so far] will do well, provided they actually sell the gigabytes instead of overcharging. Let's hope Global Crossing doesn't take as long to sort out and get moving as Globalstar has. It is now 4 years since the first satellites were launched and the marketing is barely underway. Mqurice PS: I'm told [by a broker] that Global Crossing Senior Notes are now 3.25 bid and 4.25 offer. That doesn't leave much for shareholders to expect anything at all.