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

To: Larry L who wrote (544)	3/25/1998 2:13:00 PM
From: Phil Jacobson	Read Replies (1) \| Respond to of 29987

I bought more at 68 1/2 and watched it go down another 1.75 within two minutes after that. I hate when that happens! It's bounced back off its lows nicely. Gotta be profit taking. I can't find any news either.

To: Larry L who wrote (544)	3/25/1998 3:32:00 PM
From: Dave Carlton	Read Replies (2) \| Respond to of 29987

An anal-yst house I never heard of called "SoundView" initiated coverage of Globalstar today as a "long-term hold". Given the sparse financial coverage of the satellite communications industry, a report like that has a magnified impact.

To: Larry L who wrote (544)	3/25/1998 9:49:00 PM
From: brian h	Read Replies (1) \| Respond to of 29987

Larry and all, How do you like this bad news for GSTRF and IRIDF? Do you feel any pressure from all angles? (ggg) Russia Takes on Mobile Satellite Experts By Vineeta Shetty at Communications International 25-MAR-98 Russia unveiled its bid for dominance in global mobile communications with a system it said will leave Globalstar, Iridium and ICO grounded and surpass even the fixed broadband satellite fleets of Teledesic and Skybridge. Rostelesat will be a single constellation of Leo, Meo and high-elliptical satellites offering both fixed and mobile voice, low-speed and wideband data services. The company was established with private funding three months ago, according to Valery V. Timofeev, deputy chairman of the state committee for communications and informatization of the Russian federation, speaking at the World Telecom Development Conference in Malta. Timofeev said that Signal, the 48-satellite Leo system unveiled last year and due for initial launches early in 1999, may be configured into Rostelesat. "Although it is a private venture, the new project has the full support of the Russian government. In two months' time, we will be approaching the International Telecommunication Union for worldwide spectrum allocation," Timofeev said. "We plan to introduce the service initially on a national basis and then on a sub-regional and eventually global basis." However, he said, "much will depend on collection of the necessary funds and for this reason, we are opening the project up to international equity participation." Olof Lundberg, ceo of ICO Global Communications, expressed reservations about the Russian initiative. "We have seen many proposals coming out of Russia in the satellite sector, but very few have actually reached the implementation stage, largely due to the turmoil in the state committees on space and the lack of financing." Meanwhile, Iridium has used the WTDC as a platform to promote its National Ownership Mobile Access for Disaster Communications (NOMAD) program, which allows countries that permit Iridium to be offered within their borders to buy shares at US$13 per share, as compared to $50 on the New York Stock Exchange. Edward Staiano, vice-chairman of Nomad and ceo of Iridium itself, said that for a minimal monthly fee, countries will be allocated Iridium phones and a service package of, for instance, 300 minutes of domestic satellite access a month for each telephone. "Free phones will also be provided for disaster relief and civil defense agencies," Staiano said. The Nomad program envisages that investors may either purchase the shares outright or allow the company to deduct the price of the shares from future dividends. Once the full price of the shares has been paid, provided the Iridium system is authorized to provide service to the country, countries may sell off their shares or keep their investment to benefit from future returns. Iridium, which has often been criticized for using its "first in" time advantage to skim the cream of international mobile users, believes the dividends or profits from sale could ultimately be dedicated to develop infrastructure. However, Iridium officials were unable to confirm how many or which countries had subscribed to these special Class B shares. David Molony adds: Ed Staiano claimed in an interview with CommunicationsWeek International that the full package of Nomad options was equivalent to a million dollars worth of free service. He said nine new countries had committed to awarding Iridium licenses at the WTDC conference, Nomad being a principal part of the agreement. Brian H.