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

To: duncan moyer who wrote (553)	3/26/1998 10:54:00 PM
From: Valueman	Read Replies (1) \| Respond to of 29987

Duncan: My notes indicate that DACOM owns 1.2 million LP units, not the publicly traded GSTRF shares. I am pretty sure of that. I am most interested in the buyer of the shares--if it's GE, the rumor mill will once again crank up!

To: duncan moyer who wrote (553)	3/27/1998 10:35:00 AM
From: robert packman	Read Replies (1) \| Respond to of 29987

SEOUL, March 27 (Reuters) - South Korea's Dacom Corp said on Friday it was planning to sell shareholdings in Globalstar Telecommunications Ltd worth $84 million as part of its restructuring plans. "We are planning to sell our shares in Globalstar, which is listed on the U.S. NASDAQ market," a Dacom official said. He said the shareholdings were worth a total $84 million or 90 billion won at the current foreign exchange ra The latest move by Dacom is part of a restructuring plan to reduce its debt-to-equity ratio from 258.5 percent to 150 percent, the official explained. He said Dacom would sell all 1.2 million of its shares in Globalstar. Dacom is planning a capital increase of 100 billion won in May and will issue overseas convertible bonds and depository receipts in the second half of this year to meet that goal, he said.