Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: djane who wrote (4319)	5/1/1999 1:40:00 AM
From: djane	Read Replies (2) \| Respond to of 29987

Wired. Boeing Eyes Phone Biz updated 4:55 p.m. 30.Apr.99.PDT by Joanna Glasner 2:15 p.m. 30.Apr.99.PDT Boeing is looking at dramatically raising its stake in one of the riskiest areas of the telecommunications industry: the satellite phone business. The aerospace and defense company is considering buying a controlling stake in Ellipso, a Washington, DC, company that is building a US$1.5 billion satellite network for sending and receiving phone calls anywhere on earth. Boeing (ba) has already signed on to manage Ellipso's satellite and launch program and has at least $225 million in cash and debt invested in the venture. Getting a controlling share would cost hundreds of millions more -- a huge gamble in an industry that nobody is sure will turn a profit. The satellite phone industry has taken a hit in recent months with the disastrous roll-out of Iridium, the first global network to launch commercial service. Since starting its service in November, Iridium (IRID) has managed to lose nearly a billion dollars. Meanwhile, three other companies -- Ellipso, GlobalStar, and ICO -- are building competing satellite phone networks, but Iridium's example hasn't encouraged investors. "Iridium being first to market with any type of service has really kind of set the stage, and it hasn't been a good show so far," said Andrew Furber, research and business development associate with Leslie Taylor Associates, a satellite-communications consulting firm. But analysts say Boeing has some reasons of its own for taking a serious look at the satellite phone business. "Boeing has been struggling in its core industry of jets and rockets and defense products," said Scott Clavenna, an analyst with Pioneer Group. "There's a general transition toward telecommunications for all these companies." In the satellite phone industry, analysts say it's too soon to make forecasts about long-term profitability. And naturally some players will have an edge over others. "I think there's a tendency to lump these companies together, but they certainly do have different approaches and different business models," said Riyad Said, an analyst with Friedman, Billings, Ramsey. Ellipso boasts that its system needs only 17 satellites -- compared to Iridium's 66. Additionally, the company has no plans of getting into the messy business of actually selling phones and service plans -- it will sell access to its network to wholesalers, who will find their own customers. Boeing's growing interest in Ellipso could also have something to do with the stake it already has in Teledesic. Teledesic plans to launch a global "Internet in the sky" satellite network for high-speed data in 2003, a year or so after Ellipso plans its commercial roll-out. If Boeing wants to be the all-in-one service for satellite communications business, getting control of Ellipso makes sense, Furber mused. "That would be a good way to go, where you've got the voice and the data and the broadband applications," he said. (Reuters contributed to this report.) Copyright © 1994-99 Wired Digital Inc. All rights reserved.

To: djane who wrote (4319)	5/1/1999 2:00:00 AM
From: djane	Respond to of 29987

Weekly Second Opinion - GSTRF 05/03/99 [TA says... G* is a buy and under accumulation.] Symbol: GSTRF Name: GLOBALSTAR TELECOM Exchange: NMS PRICE ANALYSIS Wk. Close 20.13 Wk. Open 20.25 Wk. High 21.38 Wk. Low 19.50 Wk. Change 0.16 YrHigh 35.00 YrLow 8.31 Mo Chg (%) 41.3 Resistance N/A Support N/A SELL STOP 12.13 Volatility (%) 7 Position 84 ADXR 23 OPINION C-Rate 15.0 LONG 04/26/99 19.97 VOLUME ANALYSIS Ave Daily Vol 13512 Mo Chg (%) 73.9 U/D 1.2 Slope UP Obv BL Pos Obv BL Neg Obv BL MFI 65 Slope DOWN TECHNICAL ANALYSIS Alpha -0.21 Beta 1.75 MACD-ST BL MACD-LT BL 50-Day R.S. 1.16 10-Day M.A. UP 101 21-Day M.A. UP 108 50-Day M.A. UP 118 200-Day M.A. DOWN 114 STO(Slow %K) 19 STO(Fast %K) 34 Wilders-RSI 59 OBOS 3 Bollinger Bands 40 RSV 33 POWER RATING 82 SCORE = 0 COMMENT Moving Average Convergence/Divergence (MACD) indicates a BULLISH TREND Chart pattern indicates a WEAK UPWARD TREND Relative Strength is BULLISH Up/Down volume pattern indicates that the stock is under ACCUMULATION The 50 day MOVING AVERAGE is rising which is BULLISH The 200 day MOVING AVERAGE is falling which is BEARISH RECOMMENDATION STOCK IS A BUY MarketEdge & Second Opinion are neither offers to sell nor solictations of offers to buy any security.