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 (5042)	6/4/1999 3:51:00 PM
From: Sawtooth	Respond to of 29987

FWIW (Not Much) New Class Action Filed Against Iridium on Behalf of Secondary Offering Purchasers and Purchasers Through May 13, 1999 -------------------------------------------------------------------------------- Purchasers and Purchasers Through May 13, 1999 NEW YORK, June 4 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP filed a class action lawsuit in the United States District Court for the District of Columbia on behalf of investors who purchased Iridium World Communications, Ltd., Iridium LLC, and/or Iridium Operating LLC (Nasdaq: IRID)(collectively referred to as "Iridium" or the "Company") common stock between September 9, 1998 and May 13, 1999 (the "Class Period") and on behalf of a subclass of purchasers of Iridium common stock pursuant to Iridium's Secondary Offering. The lawsuit charges Iridium, Motorola, Inc. (NYSE: MOT) ("Motorola"), and certain officers and directors of Iridium (collectively "Defendants"), and Merrill Lynch & Co., Goldman Sachs, NationsBanc Montgomery Securities, Salomon Smith Barney, and SoundView Technology Group (collectively "Underwriter Defendants") with violations of the federal securities laws and regulations of the United States. The Complaint alleges, among other things, that Iridium's Secondary Offering materials contained false and misleading statements and omitted to disclose material facts concerning, among other things: the Company's financial condition and its future business prospects. Plaintiff seeks to recover damages on behalf of all class members and is represented by the law firm of Wolf Haldenstein Adler Freeman & Herz LLP (http://www.whafh.com). The Wolf Haldenstein firm has a full service commercial practice consisting of more than 40 attorneys based in New York City and San Diego. The firm's litigation department has been recognized by courts throughout the country as highly experienced and skilled in complex litigation, particularly with respect to federal securities laws, class actions and shareholder litigation. The firm's qualifications have repeatedly received very favorable judicial recognition. The firm has achieved recoveries of over one billion dollars on behalf of investors and shareholders. Plaintiffs are also represented by the law firms of Finkelstein Thompson & Loughran and Cohen Milstein Hausfeld & Toll, PLLC in Washington, D.C., and Stull Stull & Brody and Milberg Weiss Bershad Hynes & Lerach, LLP in New York. The Finkelstein Thompson & Loughran, Stull Stull & Brody, Milberg Weiss Bershad Hynes & Lerach, and Cohen Milstein Hausfeld & Toll firms are also highly experienced in the areas of securities class action and complex litigation. If you purchased Iridium stock during the Class Period, you have until June 21, 1999, to participate in the case and ask the Court to appoint you as one of the lead plaintiffs for the Class. In order to serve as lead plaintiff, you must meet certain legal requirements. If you wish to discuss this action or have any questions, please contact Wolf Haldenstein Adler Freeman & Herz LLP at 270 Madison Avenue, New York, New York 10016, by telephone at 800-575-0735 (Michael Miske, Gregory Nespole, Esq., Fred Taylor Isquith, Esq. or Shane T. Rowley, Esq.), via e-mail at classmember@whafh.com or whafh@aol.com or visit the Company's website at whafh.com. All e-mail correspondence should make reference to Iridium.

To: djane who wrote (5042)	6/4/1999 8:05:00 PM
From: Sawtooth	Respond to of 29987

Article withdrawn; already posted. EOMM.

To: djane who wrote (5042)	6/5/1999 1:11:00 AM
From: djane	Read Replies (3) \| Respond to of 29987

Weekly Second Opinion - GSTRF 06/07/99 [TA says G* is a long but under distribution] Symbol: GSTRF Name: GLOBALSTAR TELECOM Exchange: NMS PRICE ANALYSIS Wk. Close 17.69 Wk. Open 18.38 Wk. High 18.50 Wk. Low 16.75 Wk. Change 0.00 YrHigh 32.31 YrLow 8.31 Mo Chg (%) -12.6 Resistance 17.00 Support N/A SELL STOP 16.90 Volatility (%) 7 Position 12 ADXR 24 OPINION C-Rate 0.2 LONG 04/26/99 19.97 VOLUME ANALYSIS Ave Daily Vol 9459 Mo Chg (%) -27.3 * U/D 1.3 Slope DOWN Obv BL Pos Obv BR * Neg Obv BR * MFI 20 Slope DOWN TECHNICAL ANALYSIS Alpha -0.18 Beta 1.77 MACD-ST BR * MACD-LT BR * 50-Day R.S. 1.11 10-Day M.A. DOWN 98 21-Day M.A. DOWN 90 50-Day M.A. UP 94 200-Day M.A. DOWN 103 STO(Slow %K) 42 STO(Fast %K) 54 Wilders-RSI 36 OBOS 1 Bollinger Bands 39 RSV 25 POWER RATING 2 SCORE = -2 COMMENT Moving Average Convergence/Divergence (MACD) indicates a BEARISH TREND Chart pattern indicates a POSSIBLE TREND REVERSAL Relative Strength is BULLISH Up/Down volume pattern indicates that the stock is under DISTRIBUTION The 50 day MOVING AVERAGE is rising which is BULLISH The 200 day MOVING AVERAGE is falling which is BEARISH PRICE IS ABOVE RESISTANCE OF 17.00 WHICH IS BULLISH RECOMMENDATION STOCK SHOWS MILDLY DETERIORATING CONDITIONS SCORE = -2 IF YOU ARE LONG HOLD CURRENT POSITION; DO NOT INITIATE NEW POSITION STOCK IS NOT A SHORT SALE CANDIDATE MarketEdge & Second Opinion are neither offers to sell nor solicitations of offers to buy any security.