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

To: brian h who wrote (396)	2/16/1998 9:28:00 PM
From: Dave Carlton	Respond to of 29986

Minor correction -- SS/L is actually not the primary manufacturer of the Globalstar satellites; final assembly is in Italy by the Italian partner. However, SS/L is the system manager, designed the satellites, and is a subsystem manufacturer. The system manager function is critical and it is for this that SS/L reaps 1.5% of Globalstar's gross revenues as a fee. So unlike QCOM and the other partners, LOR has a double take in Globalstar. It reaps 38% of the profits from its partnership share (the largest), and its SS/L operation collects 1.5% of gross revenue as a fee for managing the system.