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

To: Joe Brown who wrote (3176)	2/27/1999 12:25:00 AM
From: Valueman	Respond to of 29987

Hey Stanislav--stop waiting!!! 03:58 PM ET 02/26/99 Ukraine rocket maker says still no Globalstar date DNIPROPETROVSK, Ukraine, Feb 26 (Reuters) - The head of Ukraine's Yuzhnoye rocket design firm said on Friday a date for a fresh attempt to launch satellites for the Globalstar telecommunications consortium was still being decided. Stanislav Konyukhov also told a news conference Ukraine will not launch until early May a Russian satellite called Okean, a launch which foreign clients and partners will watch closely after a disastrous Globalstar launch last September. "The Okean project is at the following stage -- the satellite is ready, the rocket is ready," Konyukhov said, adding Ukraine had found money to fulfill its part of the deal. A lack of cash has so far delayed the launch. "We believe the launch will be held in April or at the beginning of May." A computer fault caused a Zenit-2 rocket, made by Yuzhnoye from a converted Soviet ballistic missile, to crash in September destroying all 12 Globalstar satellites aboard. The satellites were worth $15 million each. Globalstar, which has said it would like to see successful test launches before trying again with the Zenit, earlier this month sent four satellites into orbit without mishap using a Russian Soyuz rocket. "The next launch of the Zenit is being decided," Konyukhov said. But he said a test launch from a floating launch pad under the Sea Launch project with Boeing and Norway's Kvaerner was on track for the second half of March. Once the Soviet Union's biggest and most secret intercontinental balistic missiles maker, Yuzhnoye is now busy destroying many of those missiles under the START I treaty with the U.S. and moving into consumer goods production. But it is also converting many former missiles into commercial rockets, anxious to carve out a niche on the potentially lucrative commercial satellite launching market.

To: Joe Brown who wrote (3176)	2/27/1999 12:53:00 AM
From: brian h	Read Replies (1) \| Respond to of 29987

Jack, Just to make thing clear. Mr. S. said $850-$1100 phones are the whole sale price. Operators such as VOD and ATI may choose to sell it for $300 a phone and get more customers to sign on. They are equity holders of G. That is an incentive. Does Sprint decide to sell I phone with a discount yet? Anyway, Globalstar Reiterated 'Strong Buy' at CIBC Oppenheimer Princeton, New Jersey, Feb. 26 (Bloomberg Data) -- Globalstar Telecommunication (GSTRF US) was reiterated ''strong buy'' by analyst Timothy K. Horan at CIBC Oppenheimer. another story, Globalstar Expects to Have Break-even First Year, WSJ Reports New York, Feb. 26 (Bloomberg) -- Globalstar Telecommunications Ltd., 42-percent owned by Loral Space & Communications Ltd., expects to have a break-even first year of operation, though the satellite company expects to lose about $700 million in revenue because of the failed launch of 12 satellites in September, the Wall Street Journal said, citing spokesman John Cunningham. The company is slated to begin its satellite network by October, when it will have 40 to 42 of its 48 digital-communications satellites in orbit, and funding for the $3.26 billion in start-up costs has been completed, said field director Frank Guinard. To help pay for the first year of the satellite network's operation, Globalstar will sell $350 in preferred stock and Loral will seek to raise another $575 million, Guinard told the Journal. Globalstar launched four satellites earlier this month as it tries to catch up with rival Iridium LLC and start a satellite based telephone system allowing users to make or receive calls anywhere in the world. (WSJ 2/26 B5B wsj.com) Regards, Brian H.