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: Jeff Vayda who wrote (4510)	5/10/1999 2:32:00 PM
From: Rocket Scientist	Read Replies (1) \| Respond to of 29987

Jeff, that 2.9B O&M contract blows my mind. If I understand correctly, it is absolutely over and above the nonrecurring costs to build and deploy the system that I+ has already paid Mot. 600M$/year: it's 40% of Loral's gross revenue, which has 3900 employees and beaucoup huge subcontracts for launch vehicles, etc. What could cost that kind of money? The deal Loral/Qualcomm made with G* is much more aligned with the interests of GSTRF s/h. The founders get paid a management fee proportionate to G* revenue on a sliding scale. --RS