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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: Augustus Gloop who wrote (15045)	2/15/2002 7:58:02 PM
From: AugustWest	Read Replies (1) \| Respond to of 23786

>>Both Qualcomm and Loral are also major creditors of the company. Globalstar defaulted in early January 2001 on both a vendor financing facility worth nearly $600 million from Qualcomm >> The funny thing, or fuzzy thing about that is I believe QCON recorded those as revenues on Q and the next Q when Globerbooger said they couldn't pay, they didn't deduct them, said it wasn't significant to ongoing operations! What a freak. Of course, the stock was up the day after earnings like 10%. Yep, Cows are coming home to roost!