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

To: Fledermaus who wrote (159)	12/11/1997 11:35:00 AM
From: Snake	Respond to of 29986

Service provider business plans have reduced the worlwide gateway requirements to approximately 50 gateways. No use building and paying for them if they are not needed. The first 4 gateways are operational and linked to Globalstar Control Center. Site selection and construction of 20 gateways initiated in Argentina, Brazil, Canada, China, Italy, Mexico, Russia, and other countries. New Gateway ordered by GlobalTouch Holdings to serve 9 African nations. Top 16 gateways to be completed for start of service-covers 56% of business plan. 38 gateways are scheduled to be operational by mid-1999, representing 78% of business plan. Key Milestones in 1997: Complete qualification test of first satellite and commence production run first 4 pre-production gateways installed, tested and operating achieved full program funding of $2.7 billion Globalstar Control Center operational Order and commence construction of initial production gateways finalize user terminal designs and prepare for manufacture Globalstar Data Network installed and tested Market development on schedule (106 countries, approx 81% of plan) 1998: Initial launch of 4 sats, Feb Launch additional Delta II in April, 2 Zenits with 12 Satcom's each in 3rd Qtr, and 1 zenit with 12 Satcom's 4th Qtr Complete construction of 16 production gateways commence manufacturing and test of user terminals secure local operating licenses for service roll out Hope this helps some with Globalstar's plans. Estimated net income/share for 1999 is $.55, 2000 is $5.48, 2001 $9.82, 2002 $15.23, and these are conservative numbers from Loral. All information was found in the reading materials from Loral's Nov 20, 1997 investors conference in New York. Call Loral and request the package, it may answer more of your questions/concerns.

To: Fledermaus who wrote (159)	12/11/1997 12:55:00 PM
From: Valueman	Read Replies (1) \| Respond to of 29986

The number of gateways was reduced because gateway owners/governments were able to make deals where a single gateway could cover several countries at once, avoiding the necessity of building a gateway in each country. It was political. As for profit, I wish I could own a gateway. After initial construction cost, what are your expenses? You pay G* the wholesale rate of $.35 to $.53/minute, and charge your clients $.70 to $1.20/minute. Your staffing needs are nearly nothing. The initial 38 gateways will nearly cover the globe--the rest will fill in small holes in coverage. 100% coverage comes in 4th quarter 99(except for the poles--if you are there, buy an Iridium phone).