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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT -- Ignore unavailable to you. Want to Upgrade?

To: Larry L who wrote (153)	11/21/1997 5:20:00 AM
From: Michel Bera	Read Replies (1) \| Respond to of 29986

Larry, This is my guess. Friday November 21, 4:31 am Eastern Time Radio pact gives greenlight to satellites - ITU (Note: this article appears to include two versions of the same article -- it is likely that only the last is of interest. The first version follows immediatly below. If you'd like to skip ahead, here is a link down to the second version.) GENEVA, Nov 21 (Reuters) - A global pact has been adopted to allow radio frequencies to be shared, meaning multi-media satellite systems like Alcatel's Skybridge (NYSE:ALA - news; CGEP.PA) and Motorola's Celestri (NYSE:MOT - news) may develop and compete against the Teledesic project of Microsoft (Nasdaq:MSFT - news) chairman Bill Gates, the International Telecommunication Union (ITU) said on Friday. ''The conference has adopted a treaty which will allow systems to continue to develop and be deployed,'' ITU spokeswoman Francine Lambert told reporters after the landmark pact was agreed at 142-nation talks in Geneva. ''Competition is thus assured.'' (take 2) The four-week meeting, called the World Radiocommunication Conference, is held every two years to set global rules for use of scare radiocommunication frequencies. It ends on Friday. Under the deal, hammered out mainly by the United States and European countries, geostationary or fixed-orbit satellites already in space must share bandwidths with new nongeostationary systems like Skybridge and Celestri. But power limits will be placed on the nongeostationary systems, ITU's Lambert said. European countries led by France fought a de facto monopoly on access to bands they said had been allocated to Teledesic, a $9 billion scheme backed by Boeing (NYSE:BA - news), at ITU talks in 1995. Skybridge chairwoman Pascale Sourisse told reporters she welcomed the breakthrough. ''The innovation is we will be able to re-use frequencies used by other systems -- it has not been done before. But the regulatory framework is now finalised.'' Regards, MiB

To: Larry L who wrote (153)	11/24/1997 4:30:00 PM
From: SidStock	Read Replies (1) \| Respond to of 29986

Headline: Globalstar Telecom Ltd: Upbeat Analyst Meeting; Reiterate 1-Buy Author: J. Bensche, CFA/K. Fogarty 1(212)526-1869/7580 Rating: 1 Company: GSTRF Country: COM CUS Industry: TELECM Ticker : GSTRF Rank(Prev): 1-Buy Rank(Curr): 1-Buy Price : $50 13/16 52wk Range: $60-24 Price Target: $63 Today's Date : 11/21/97 Fiscal Year : DEC ------------------------------------------------------------------------------ EPS 1996 1997 1998 1999 QTR. Actual Prev. Curr. Prev. Curr. Prev. Curr. 1st: -0.16A -0.21A -0.21A -0.29E -0.29E - -E - -E 2nd: -0.20A -0.21A -0.21A -0.31E -0.31E - -E - -E 3rd: -0.17A -0.24E -0.24A -0.37E -0.37E - -E - -E 4th: -0.23A -0.26E -0.26E -0.39E -0.39E - -E - -E ------------------------------------------------------------------------------ Year:$ -0.75A $ -0.93E $ -0.93E $ -1.36E $ -1.36E $ - -E $ - -E Street Est.: $ -0.76E $ -0.75E $ -1.67E $ -1.16E $ 0.00 $ - -E ------------------------------------------------------------------------------ Price (As of 11/20): $50 13/16 Revenue (1997): 0.0 Mil. Return On Equity (97): N/A Proj. 5yr EPS Grth: N/A Shares Outstanding: 116.2 Mil. Dividend Yield: N/A Mkt Capitalization: 5.70 Bil. P/E 1997; 1998 : N/M; N/M Current Book Value: N/A Convertible: YES Debt-to-Capital: N/M Disclosure(s): C, A ------------------------------------------------------------------------------ * Loral Space and Communications, Inc., the managing general partner of Globalstar L.P., held an analyst meeting yesterday in New York. The company confirmed it is on schedule for rolling out Globalstar service by the first quarter of 1999. * The company discussed in detail progress in its space and ground segments. All systems are on track to support next year's launch phase (44 satellites on 5 launches) which is scheduled to begin in February 1998. * Globalstar indicated 50 to 60 ground gateways are needed to provide global coverage - substantially lower than the company's original estimate of about 100. With fewer gateways required, the company will be able to provide GLOBAL service earlier than expected. * Globalstar plans to have 16 gateways operational when service is turned on in 1Q99, which will cover 56% of their target market. The company expects to have 38 gateways operational by mid-1999, which can serve 78% of their target market. * We reiterate our 1-Buy rating. Our year-end 1998 price target is $63.