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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: Art Bechhoefer who wrote (33920)	4/4/2003 8:48:02 PM
From: pcstel	Read Replies (2) \| Respond to of 196452

Sounds like the one-third going to the creditors means payment on the Globalstar bonds with stock worth about 15 to 20 cents on the dollar. I thought the bondholders should do better than this. Total of 3.1 Billion in Debt is valued at 27 million dollars. Loral gets about 4.5%, Qualcomm about 6%, LMT about 1.5%, and the bondholders about 14%. 3.1 Billion in debt valued at 27 million results in debt being worth less than 1 cent on the dollar! PCSTEL