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To: Sawtooth who wrote (5110)1/7/1999 7:56:00 PM
From: Joe Brown  Read Replies (1) | Respond to of 10852
 
I believe this $350 million offering of converts is to raise cash for the purpose of buying Globalstar limited partnership units. Also, it is a Rule 144 transaction to qualified institutional buyers only. The key question here is: Which limited partner(s) want to cash out? Dacom did so last year, which precipitated the Soros infusion, but this has to be another partner. Is it Vodaphone, or Finnmecanica or...? And why???