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


To: kitterykid who wrote (2766)2/3/1999 10:22:00 PM
From: Joe Brown  Read Replies (1) | Respond to of 29987
 
If I may...the additional losses (4 confirmed) were reported in the Q4 filing. I have been told in no uncertain terms that they are not systemic failures.



To: kitterykid who wrote (2766)2/3/1999 10:25:00 PM
From: Valueman  Read Replies (3) | Respond to of 29987
 
Well, if Iridium pays up the $500 million each year, Motorola will not be harmed at all, except for loss of potential profits. I wouldn't think that 12 sats should fail, but what do I know. I am no satellite engineer. They now expect one failure every two months. I guess we should believe it.