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

To: Leslie G. Pell who wrote (622)	3/30/1998 10:48:00 AM
From: Phil Jacobson	Respond to of 29987

ML is Neutral: NEW YORK, March 30 (Reuters) - Merrill Lynch said on Monday it began coverage on shares of Globalstar Telecommunications Ltd. with a near-term neutral and a long-term accumulate rating. -- Further details not immediately available. -- Stock down 1-1/2 to 64-3/4. REUTERS Rtr 10:10 03-30-98

To: Leslie G. Pell who wrote (622)	3/30/1998 12:47:00 PM
From: JMD	Respond to of 29987

Leslie, I am not an international phone rate pro, just a dad with two kids who seem to feel that the only thing better than traveling is more traveling followed by periods of residency ranging from three months to a year. (All Western Europe). From my phone bills, I have determined that international rates are coming down BUT ONLY IN THOSE COUNTRIES THAT HAVE PRIVATIZED AND STIRRED COMPETITION. I'm from the San Francisco Bay Area, and can have a chat with #1 son for about $.11/minute virtually throughout Great Britain. By contrast #1 daughter is in Spain, and the cost is around $.35/minute. She took a quick jaunt to North Africa, and the phone bill was only exceeded by my hospital charges after I opened the envelope. I realize this is hardly a statistically valid survey, but rates sure seem to follow competition (or the lack thereof), and my conclusion is that international rates ARE headed lower where the private market is allowed to flourish. Mike Doyle