Globalstar Telecommunications Ltd. (NASDAQ-OTC:GSTRF.OB) - 500 Beiträge pro Seite

[Gatsby2]

Einen wunderschönen guten Abend, liebe Zockergemeinde.

Ich hatte mich ja schon seit längerem mit keiner Wahnsinnstat mehr profiliert, und so wurde es mal wieder Zeit.

Als neuesten Kapitalvernichter mag ich Euch gern dieses wundervolle Papier ein wenig näherbringen:



Investment in Satellitenkommunikation hat seit dem beklagenswerten Absturz von Iridium einen etwas faden Beigeschmack bekommen, aber dabei muß es ja nicht bis in alle Ewigkeit bleiben.

Zur weiteren Recherche hier erstmal ein paar Links:

Company Homepage: http://www.globalstar.com

Eine fortlaufende Einsicht in alle Geschäftsberichte und AdHoc-Mitteilungen gibt es wie immer bei der SEC: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CI…

Die neuesten Nachrichten folgen sogleich im nächsten Post, wobei ich mir schon jetzt dafür entschuldige, daß alle news in englischer Sprache gehalten sind. In Deutschland gibt es dazu nix.

[Gatsby2]

Fangen wir mal mit einer nicht mehr ganz taufrischen, aber gleichwohl relevanten Nachricht an:

Der Gläubigerausschuß von Globalstar Telecommunications L.P. -einer derzeit bankrotten 100%igen Tochter von GSTRF- ist auf der Suche nach Geld ein Stückchen weitergekommen:

Wednesday August 7, 11:22 am Eastern Time

Dow Jones Business News
Globalstar Creditor Panel To Investigate Launch Contracts

WILMINGTON, Del. -(Dow Jones)- The committee of unsecured creditors in the
Globalstar L.P. case Wednesday won authority to examine documents from Loral Space & Communications Ltd. (LOR) and
affiliates and question Loral executives familiar with a contract involving satellites in the Globalstar system.

The order signed by Chief Judge Peter J. Walsh of the U.S. Bankruptcy Court in Wilmington also allows
Alcatel Space NA, an interested party in the case, to take part in the Rule 2004 examination. Under Rule 2004, the court may
order that a company be examined or produce documents that relate to its operations, its financial condition, or to the
administration of the bankruptcy case.

Loral/Qualcomm Satellite Services L.P. is the managing general partner of Globalstar L.P. Through a number of partnerships
and corporations, Loral Space & Communications controls Loral/Qualcomm and Globalstar L.P.

Globalstar L.P. is also a general partner of Globalstar Telecommunications Ltd. (GSTRF), which isn`t under bankruptcy
protection.

Under the terms of Judge Walsh`s order, Globalstar L.P.`s creditors` committee will examine documents relating to a failed
satellite launch.

Space Systems Loral Inc., a subsidiary of Loral Space & Communications, and Globalstar L.P. in 1994 signed a master launch
contract under which Space Systems Loral would design, construct, test and launch 56 satellites to be used in the Globalstar
system.

In 1995, Space Systems Loral and Yuzhnoye Design Office and PO Yuzhnoye Machine-Building Plant signed a contract under
which Space Systems Loral paid the two Yuzhnoye entities $76.97 million to launch 36 of the 56 satellites in three separate
launches. Each launch was to use a separate rocket to transport 12 satellites, court papers said.

The first launch, in September 1998, failed and Space Systems Loral terminated the contract and requested a $48.27 million
refund, the difference between the total paid to the Yuzhnoye entities and $28.5 million in recovered insurance proceeds.

Those three parties then became involved in arbitration, and arbitrators in December 2000 ruled in Space Systems Loral`s
favor and ordered the Yuzhnoye firms to pay roughly $54.5 million - the refund amount plus interest. After they didn`t pay that
amount, the U.S. District Court for the Southern District of New York last October confirmed the amount under the arbitration.

Yuzhnoye later paid Space Systems Loral a confidential amount, the committee`s motion said.

The committee said it wants Loral Space & Communications and its affiliates to produce documents about the master launch
contract, the Yuzhnoye contract, the arbitration, the confirmation, the confidential settlement and the insurance proceeds. The
committee will also question some Loral executives familiar with the matters.

The examination is the second authorized by the court in Globalstar L.P.`s Chapter 11 case. On June 21, Judge Walsh
authorized a Rule 2004 examination of Globalstar L.P. executives and documents related to the same contracts in an effort to
help Globalstar L.P. access its stake in the $54.5 million judgment. The committee was to take a lead role in that investigation
after Alcatel Space filed a motion for the exam.

Globalstar L.P., San Jose, operates a worldwide, low-Earth-orbit satellite- based digital telecommunications system. The
company filed for bankruptcy Feb. 15, listing assets of $573.4 million and liabilities of $3.34 billion in its Chapter 11 petition.

=====================

Trotz aller Gläubigerschutzverfahren bei der Tochter bastelt Globalstar Ltd. ungerührt am neuen Geschäftsmodell weiter und ist dabei in letzter Zeit gut vorangekommen:

Tuesday August 20, 8:32 am Eastern Time

Press Release

SOURCE: Globalstar

Globalstar Completes Acquisition of Service Provider Operations in United States and Caribbean

Restructuring work has now consolidated operations across both North America and Europe

SAN JOSE, Calif.--(BUSINESS WIRE)--Aug. 20, 2002-- Globalstar, the world`s most popular handheld satellite phone service,
today announced that it has completed the acquisition of all Globalstar-related assets previously owned by Vodafone Americas
Inc., in the U.S. and the Caribbean, including gateways and sales operations.

This transaction follows Globalstar`s acquisition of similar assets and operations from service providers in France, announced last
month, and in Canada, completed late last year. As a result, Globalstar is now working to consolidate all sales and technical
operations across North America and much of Europe, allowing the company to achieve greater efficiencies and better
coordination of sales activities in these regions.

A preliminary agreement between Globalstar and Vodafone for the transfer of U.S. and Caribbean assets was signed in
December 2001, subject to approval by the U.S. Federal Communications Commission (FCC) to transfer ownership of Vodafone`s
U.S. operating license for mobile satellite services to Globalstar. Approval was granted by the FCC earlier this month, allowing the
transaction to be completed yesterday. Vodafone continues to retain Globalstar franchise interests and operations in other parts of
the world.

"With full ownership of Globalstar`s U.S. sales and marketing operations, we are now in firmer control of both wholesale and retail
operations in this extremely important market," said Olof Lundberg, chairman and CEO of Globalstar. "In anticipation of this final
agreement, we had already begun to expand our sales network around the country, more than doubling the number of Globalstar
agents in the U.S. since late May, and we expect to introduce aggressive promotional programs in the very near future."

Globalstar is a provider of global mobile satellite telecommunications services, offering both voice and data services from virtually
anywhere in over 100 countries around the world. For more information, visit Globalstar`s website at http://www.globalstar.com.

Vodafone Group Plc is the largest mobile telecommunications network company in the world, with interests in mobile networks in
28 countries across five continents. In March 2002, Vodafone had over 101 million proportionate customers worldwide. For more
information, visit Vodafone`s website at http://www.vodafone.com.

=====================

Wednesday August 21, 7:03 am Eastern Time

Press Release

SOURCE: Globalstar

Globalstar Reduces Satellite Phone Call Rates to as Low as 17 Cents Per Minute

Newest Phase in Financial Restructuring Drops Air Time Charges Nearly 80%

SAN JOSE, Calif.--(BUSINESS WIRE)--Aug. 21, 2002--Satellite telephone service is now available for only pennies more than
cellular, following a dramatic price reduction announced earlier today by Globalstar, the world`s most popular handheld satellite
phone service.

Five new pricing plans are now available in the U.S., with high-usage
packages priced as low as $0.17 per minute, and the recommended list
price for handsets has been reduced to only $599.

Today, over 80% of the world`s land surface and essentially all ocean
regions remain outside the range of cellular telephone networks, yet until
now the only reliable alternative for these remote areas -- satellite
telephony -- has been financially prohibitive for many applications.
Globalstar`s new U.S. pricing plan intends to completely transform the
marketplace for satellite telephone services, making mobile, high-quality
wireless communications from virtually anywhere far more practical and
affordable than ever before for both businesses and individuals.

The five pricing plans announced today let customers choose from a range
of per-minute call charges based on their anticipated monthly usage, with a
single, low rate for calls to any location in the U.S. and Canada, including
their maritime regions. Calls from most locations in the Caribbean to points within the U.S. or Canada are also covered under
these plans, with no long distance surcharge. These plans, which are up to 80% less expensive than previous price plans, are
currently available only to U.S. and Caribbean customers, but the company expects to introduce comparable low-cost plans
elsewhere in the world in the months ahead.

"These aggressive new price plans now open up our business to a vast, new array of potential customers," said Olof Lundberg,
chairman and CEO of Globalstar, "but just as importantly, this signals the beginning of an entirely new phase in the mobile satellite
telephone industry and in Globalstar`s evolution as a company. Just as we saw only 10 years ago in the cellular industry, once a
reliable, useful communications service like ours reaches a certain critical price point, it can rapidly move to a rate of dramatic
growth and broad acceptance. We have always known that a large market for our service exists around the world. Now we have
affordable and flexible pricing plans to tap into it."

The five new U.S price plans announced today are:

-0-

----------------------------------------------------------------------
Timeline Skyline Skyline Powerline Powerline
30 120 400 1250 3000
----------------------------------------------------------------------
Monthly Access $34.95 $49.95 $99.95 $249.95 $499.95
----------------------------------------------------------------------
Included voice or
data minutes 30 120 400 1250 3000
----------------------------------------------------------------------
Additional
minutes $0.99 $0.75 $0.65 $0.55 $0.49
----------------------------------------------------------------------
Enhanced services
Voice mail $7.95 Free Free Free Free
Call forwarding Free Free Free Free Free
----------------------------------------------------------------------


Prices shown are for calls made from within the Globalstar USA Home Service Area (continental U.S., Alaska, Puerto Rico and
the U.S. Virgin Islands) to any other location in the Home Service Area plus Canada, with no long distance charges applied. Calls
to points outside these areas are subject to additional long distance charges, and calls from points outside these areas (and from
points within Canada) are subject to roaming surcharges along with long distance charges.

Today`s announcement stems in part from Globalstar`s acquisition earlier this week of gateway and marketing operations in the
U.S. from Vodafone Americas Inc., allowing Globalstar now to directly manage sales, distribution and pricing of the service
across the country. This acquisition will also enable Globalstar to better integrate its U.S. operations with those in Canada, where
Globalstar earlier acquired an equity stake in Globalstar sales and gateway operations.

"The consolidation of Globalstar operations in several of our key markets is an important first step in implementing our new
business plan. These new operational efficiencies, combined with our large system capacity advantage over other providers,
allows us today to pass along these substantial savings to our customers," Mr. Lundberg added.

Today`s announcement is the latest in a series of recent new product demonstrations and corporate announcements for Globalstar,
as the company continues to gain momentum in its restructuring. Within the last six weeks, the company:

acquired gateway and related business assets in Europe;
demonstrated a ground-based system that can re-use Globalstar`s radio spectrum in urban areas;
signed a contract for design and construction of a new satellite constellation; and
announced development milestones for both encryption and simplex data modem products.

Globalstar is a provider of global mobile satellite telecommunications services, offering both voice and data services from virtually
anywhere in over 100 countries around the world. For more information, visit Globalstar`s web site at http://www.globalstar.com. Sales
information is also available by phone, toll-free, at 1-877-SATPHONE (1-877-728-7466).


Die Preissenkungen hat Globalstar mittlerweile auch auf den Kanadischen Markt erstreckt.

[Gatsby2]

Viel zu lesen, aber lesenswert. -- Der letzte Quartalsbericht von Globalstar.

http://biz.yahoo.com/e/020813/gstrf.ob.html

[Gatsby2]

Press Release
Source: Globalstar


ADVISORY: New Globalstar Research Available
Monday September 16, 12:47 pm ET

SAN JOSE, Calif.--(BUSINESS WIRE)--Sept. 16, 2002--In an independent technical study,
Globalstar, the world`s most widely-used handheld satellite phone service, has been shown to
consistently outperform its main competitor in both voice and data transmission.

Independent research firm Frost & Sullivan tested both systems over several weeks, making
hundreds of voice and data calls from different locations and under a variety of physical
conditions to simulate typical usage of the phones in both urban and remote environments.
Measurement criteria included:

Voice quality
Call completion
Call drop rates
Data throughput

A copy of this study is available from the Globalstar website at
http://www.globalstar.com/index_corp.html

[lapaz]

Heißa, das ist ja Achterbahn. Immer schön unten kaufen und oben verkaufen

[Gatsby2]

lapaz, Achterbahn ist gut -- das Ding ist wirklich witzig!

Der letzte Quartalsbericht liest sich wie ein Auszug aus dem Horrorkabinett, aber das ist ja bei bankrotten Unternehmen nichts ungewöhnliches. Ungewöhnlich ist allerdings, daß Globalstar sich seit nunmehr fast drei Wochen konstant um 0,145 $ bewegt, was wohl darauf zurückzuführen ist, daß viele auf die Akzeptanz oder eben Ablehnung des Sanierungsplanes spekulieren. Die Globalstar obliegenden Vorleistungen sind sämtlich erbracht, so daß es allein an den Gläubigern hängt, die allerdings die ursprüngliche Annahmefrist bereits haben verstreichen lassen.

Gruß
Gatsby (z.Zt. long)

[Gatsby2]

Dow Jones Business News
Court Reschedules Globalstar LP`s Disclosure Stmt Hearing
Thursday September 26, 12:33 pm ET

WILMINGTON, Del. -(Dow Jones)- A bankruptcy court Thursday rescheduled a hearing
to consider approval of Globalstar L.P.`s disclosure statement to give the company time
to deal with objections to the document.

Chief Judge Peter J. Walsh of the
U.S. Bankruptcy Court in Wilmington
will consider the matter Oct. 24 at 11
a.m. The hearing was originally
slated for July.

Objections to the adequacy of the
debtor`s disclosure statement have
been filed by the office of the U.S.
Trustee, a plaintiff in a class-action
lawsuit, and the Clifton Independent
School District.

The proposed reorganization plan
would give noteholders and other
general unsecured creditors 97% of
the reorganized company`s common
stock, subject to dilution when
shares are issued to independent satellite gateway operators and management,
according to court documents.

Loral Space & Communications Ltd. would receive the remaining 3% of reorganized
Globalstar`s equity, subject to dilution, in exchange for its 49.9% stake each in
Globalstar Canada Satellite Co. and ATSS/Loral Netherlands BV, according to the
disclosure statement that Globalstar filed May 23 along with the plan.

Independent gateway operators would receive options to buy up to 5% of the new
common stock, before taking into account shares issued to the reorganized
Globalstar`s management, which could receive up to 10% of the new equity.

Globalstar is a general partner of Globalstar Telecommunications Ltd. (GSTRF) , which
is not under bankruptcy protection.

The U.S. Trustee`s office objects to the disclosure statement on the basis that it doesn`t
provide adequate information. A disclosure statement should explain the plan and
expose the plan`s provisions, "not merely repeat them," according to the objection.
Globalstar`s disclosure statement "does not provide information that would enable a
reasonable hypothetical investor" to make an informed judgment about the company`s
proposed plan, the filing said.

Joe F. Moore is the plaintiff in a class-action lawsuit filed against Loral and certain of its
directors. The suit alleges the defendants violated federal securities laws by
misrepresenting or failing to disclose the true financial condition of Globalstar.

In his objection, Moore said the disclosure statement is inadequate because " it is
unclear as to whether the debtor is attempting to release third-party claims against
defendants" and, if it is attempting to provide a release, "it provides no basis for such a
release."

Globalstar L.P., San Jose, which operates a worldwide, low-Earth orbit satellite-based
digital telecommunications system, filed for bankruptcy Feb. 15. The company listed
assets of $573.4 million and liabilities of $3.34 billion in its Chapter 11 petition.

[Gatsby2]

Nicht ganz am Thema, aber auch nicht ganz daneben:

Teledesic, die einstmals hochfliegende Vision von Bill Gates u.a., weltweit jedermann einen Breitbandzugang zum Internet via Satellit zu ermöglichen, scheint am Ende.

Schade um Teledesic, aber ein potentieller Konkurrent weniger für Globalstar...!

Associated Press
Teledesic Halts Work on Satellites
Teledesic Halts Work on Building Two Satellites for High-Speed Internet Access
Wednesday October 2, 5:13 pm ET

By HELEN JUNG, AP Business Writer

SEATTLE (AP) -- Envisioned by cellular pioneer Craig McCaw, backed by Bill Gates --
and financed in part by their bottomless wealth -- the idea of delivering high-speed
Internet via a constellation of satellites seemed almost a sure thing.

But after 12 years of management changes, network design revisions
and most recently, telecommunications industry turmoil, the vision of
an Internet-in-the-sky has come crashing down to Earth.

Teledesic`s board has halted work by a contractor building two satellites, effectively
putting the ambitious idea into deep hibernation.

"Obviously by suspending work on the contract, the board of Teledesic is saying, as we
see it today, it`s not feasible to do this," said spokesman Todd Wolfenbarger.

The decision announced this week means layoffs for 25 people. Another 10 or 12
employees will stay on at Bellevue, Wash.-based Teledesic, evaluating "possible
alternative approaches," a company press release said.

Teledesic, started in 1990, was envisioned as a network of space-based satellites that
could deliver high-speed Internet to businesses and consumers anywhere in the world.
The network would relay voice and data over a portion of the radio spectrum, with
Teledesic hoping to offer full service by 2005.

It was the latest brainchild of one of Seattle`s favorite sons. McCaw had almost
single-handedly spun together the new industry of cellular telecommunications. His
company, McCaw Cellular, impressed telecom executives, Wall Street investors and
customers alike and was bought by AT&T Wireless in 1994.

And Teledesic, although it never had more than 200 employees, certainly had its star
power.

The company had McCaw for a founder, Microsoft Chairman Gates as a backer, a
$100 million commitment from The Boeing Co. and $200 million from Saudi Prince
Alwaleed Bin Talal. With some of the richest men in the world behind it, the company
wasn`t hurting for money.

But despite the promise, the vision and the war chest, Teledesic had its issues.

The company went through several management changes, including rotations through
chief executives and co-chief executives.

"It`s hard to have consistency and hard to develop your roadmaps and service with
different types of visions that are being replaced every so often," said Sean Badding,
vice president of the telecommunications research firm The Carmel Group.

The designs and scope of the project changed as well over the years.

Ultimately, even men with very deep pockets have their limits.

"Really, for the people who have already invested money in this thing, it really doesn`t
make sense," Wolfenbarger said. "The risk is not outweighing what they think the
reward is."

Teledesic still owns rights to a portion of high-frequency spectrum.

But under agreements with the Federal Communications Commission, the company
would have had to meet a series of deadlines with the ultimate goal of offering service
by 2004, which it could not do under the current financial climate, Wolfenbarger said.

With no big customer lined up ready to commit, the board opted to put the project on
ice.

"Craig (McCaw) was supposedly a genius who could see the future and see around
corners," said O. Casey Corr, who authored a biography of McCaw. "This proves that
he`s mortal."

Other companies, including McLean, Va.-based StarBand and Hughes already offer
Internet connections through a satellite network, though their service is far less
ambitious than what Teledesic had planned.

StarBand recently filed for bankruptcy, joining other troubled satellite ventures
including Iridium LLC. Backed by Motorola Corp., it built a satellite network offering
voice and data service but, crippled by debt, ended up cutting off service two years
ago. A new venture, Iridium Satellite LLC took over the bankrupt company`s assets.

Teledesic, with its grander vision of high-speed connectivity, may have been ahead of
its time, said Badding. "At this time, there are more questions than answers about the
viability and the economics for these types of services."

McCaw isn`t out of the satellite business altogether, either.

He still is a major investor in London-based ICO, which similarly hopes to offer
satellite-based wireless communications in the future. At one point, McCaw sought to
merge the company with Teledesic and issue new stock in the combined company. But
he abandoned that effort early last year due to the sagging market.

Badding said he remains hopeful McCaw will one day revive Teledesic.

"Teledesic still has tremendous amounts of potential in the future," he said. "In the next
seven to eight years it clearly is going to be a different story."

[Gatsby2]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[Gatsby2]

!

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[Gatsby2]

Schade um die im wahrsten Sinne hochfliegende Vision von Bill Gates und anderen, aber offenbar war der Markt für satellitengestützte Breitbandkommunikation nicht breit genug -- Teledesic scheint am Ende.

Andererseits: ein Konkurrent weniger für Globalstar...!

Associated Press
Teledesic Halts Work on Satellites
Teledesic Halts Work on Building Two Satellites for High-Speed Internet Access
Wednesday October 2, 5:13 pm ET

By HELEN JUNG, AP Business Writer

SEATTLE (AP) -- Envisioned by cellular pioneer Craig McCaw, backed by Bill Gates --
and financed in part by their bottomless wealth -- the idea of delivering high-speed
Internet via a constellation of satellites seemed almost a sure thing.

But after 12 years of management changes, network design revisions
and most recently, telecommunications industry turmoil, the vision of
an Internet-in-the-sky has come crashing down to Earth.

Teledesic`s board has halted work by a contractor building two satellites, effectively
putting the ambitious idea into deep hibernation.

"Obviously by suspending work on the contract, the board of Teledesic is saying, as we
see it today, it`s not feasible to do this," said spokesman Todd Wolfenbarger.

The decision announced this week means layoffs for 25 people. Another 10 or 12
employees will stay on at Bellevue, Wash.-based Teledesic, evaluating "possible
alternative approaches," a company press release said.

Teledesic, started in 1990, was envisioned as a network of space-based satellites that
could deliver high-speed Internet to businesses and consumers anywhere in the world.
The network would relay voice and data over a portion of the radio spectrum, with
Teledesic hoping to offer full service by 2005.

It was the latest brainchild of one of Seattle`s favorite sons. McCaw had almost
single-handedly spun together the new industry of cellular telecommunications. His
company, McCaw Cellular, impressed telecom executives, Wall Street investors and
customers alike and was bought by AT&T Wireless in 1994.

And Teledesic, although it never had more than 200 employees, certainly had its star
power.

The company had McCaw for a founder, Microsoft Chairman Gates as a backer, a
$100 million commitment from The Boeing Co. and $200 million from Saudi Prince
Alwaleed Bin Talal. With some of the richest men in the world behind it, the company
wasn`t hurting for money.

But despite the promise, the vision and the war chest, Teledesic had its issues.

The company went through several management changes, including rotations through
chief executives and co-chief executives.

"It`s hard to have consistency and hard to develop your roadmaps and service with
different types of visions that are being replaced every so often," said Sean Badding,
vice president of the telecommunications research firm The Carmel Group.

The designs and scope of the project changed as well over the years.

Ultimately, even men with very deep pockets have their limits.

"Really, for the people who have already invested money in this thing, it really doesn`t
make sense," Wolfenbarger said. "The risk is not outweighing what they think the
reward is."

Teledesic still owns rights to a portion of high-frequency spectrum.

But under agreements with the Federal Communications Commission, the company
would have had to meet a series of deadlines with the ultimate goal of offering service
by 2004, which it could not do under the current financial climate, Wolfenbarger said.

With no big customer lined up ready to commit, the board opted to put the project on
ice.

"Craig (McCaw) was supposedly a genius who could see the future and see around
corners," said O. Casey Corr, who authored a biography of McCaw. "This proves that
he`s mortal."

Other companies, including McLean, Va.-based StarBand and Hughes already offer
Internet connections through a satellite network, though their service is far less
ambitious than what Teledesic had planned.

StarBand recently filed for bankruptcy, joining other troubled satellite ventures
including Iridium LLC. Backed by Motorola Corp., it built a satellite network offering
voice and data service but, crippled by debt, ended up cutting off service two years
ago. A new venture, Iridium Satellite LLC took over the bankrupt company`s assets.

Teledesic, with its grander vision of high-speed connectivity, may have been ahead of
its time, said Badding. "At this time, there are more questions than answers about the
viability and the economics for these types of services."

McCaw isn`t out of the satellite business altogether, either.

He still is a major investor in London-based ICO, which similarly hopes to offer
satellite-based wireless communications in the future. At one point, McCaw sought to
merge the company with Teledesic and issue new stock in the combined company. But
he abandoned that effort early last year due to the sagging market.

Badding said he remains hopeful McCaw will one day revive Teledesic.

"Teledesic still has tremendous amounts of potential in the future," he said. "In the next
seven to eight years it clearly is going to be a different story."

[Gatsby2]

Älter und nur für`s Archiv:

AeroAstro Leverages Globalstar To Build Low-Cost Asset Tracker
Herndon - Apr 03, 2002
To meet the growing
demand for low-cost,
remote monitoring of
business assets,
Globalstar, the world`s
most popular handheld
satphone service, and
AeroAstro, one of the
world`s leading providers
of small satellites and
related technology
products, are now
developing a new, very
low cost simplex data
modem for remote
sensing and asset
tracking via satellite. An initial demonstration of the new
product is scheduled for late-summer 2002.

The new modems will be part of a system that
combines Globalstar`s satellite communications
network with AeroAstro`s Sensor Enabled Notification
System (SENS) technology, allowing sensing or
tracking data to be sent from remote locations via
satellite and over the Internet to the customer.

These modems will provide businesses with an
economic solution to remotely and automatically track
the movement and condition of assets, such as
shipping containers, or to monitor environmental data
such as pipeline temperature and pressure or utility
use.

By sending data over the Globalstar satellite network
and through SENS decoders at the Globalstar
gateways, the modems will enable reliable data
transmissions in real-time from locations far beyond the
reach of any ground-based network - a combination of
features never before available in such a low-cost unit.

"Globalstar is continuing to broaden its portfolio of
products and services, bringing affordable and
innovative satellite communications applications to an
ever wider range of customers," said Paul Thomas,
Globalstar vice president of data products and
services.

"These new simplex modems developed in partnership
with AeroAstro will be an economically attractive
solution for all manner of businesses who need to
manage distant fixed and mobile equipment - from
pipeline operators and electric power transmission
companies to trucking and maritime cargo shippers."

"Asset management is a growing business, and our
low-cost sensors offer the marketplace an
economically viable and highly reliable solution," said
Dr. Rick Fleeter, President and CEO of AeroAstro.

"By leveraging the capabilities of the Globalstar
satellite network, our SENS system can be up and
running in months, rather than years - at very
economical costs to our customers."

The Globalstar/AeroAstro basic modem unit is
expected to be available in volume quantities for as low
as $60, including the antenna, on an OEM basis.
Implementation of the modem into an end user solution
will normally include additional components, such as
housing and sensors, at additional cost depending on
the particular industrial application.

The new modem -- the size of a wireless pager -- will
allow data to be sent at pre-set or random intervals
from the modem over the Globalstar satellite network
and then transmitted to the customer`s data collection
facility via the Internet.

The new modems provide myriad business solutions
for various industries: For pipeline operators, the new
Globalstar/AeroAstro modems will make it possible to
economically monitor pipeline conditions such as
pressure and throughput, at regular intervals and in
real-time across a field or across a continent, allowing
extremely rapid notification of a pipeline break or other
anomaly.

For shippers, the modems will provide the location of
their containers, affording immediate notification of any
emergency situations. With these features, assets may
be tracked even in very remote locations, and, if
coordinated with customs officials, these modems can
be used to streamline freight traffic at international
border crossings.

[Gatsby2]

Lloyds List: Globalstar foresees a blue sky scenario

October 11, 2002 06:15 AM

IT must go with the territory or be something in the
water. Though your company is in Chapter 11 creditor
protection, the skies are a deeper blue, the broad
horizons ever more infinite.

Companies that have looked into the maw of extinction
must, it seems, come out of it espousing the most
optimistic statements.

Stay around here too long, you might think, and the
heady atmosphere will overwhelm you completely.

Satellite communications venture Globalstar fits this
mould and to speak to its president Tony Navarra is to
hear echoes of Gino Picasso, Iridium&`s combative chief
executive.

`We are going to going to give these companies a run for
their money,` he says of his competitors.

`We have people with real experience in their sectors
and we have seen and learned our lessons,` he states.

The omens are slightly better, too. Cost-cutting allowed
the company to narrow its second quarter 2002 net loss
by 74% to a mere GBP21.2m ($33.2m).

Traffic rose 13% on the previous quarter and 43% on the
same period last year subscribers rose 9% and 36% by
the same comparison.

Standing in the way of Globalstar&`s ambitions is a
patchy coverage footprint which has led some critics to
dub the company `Regionalstar&`

Much of Asia and India are large and obvious holes.

`I would not suggest that we have worldwide coverage but
have it where it counts,` says Navarra.

For Globalstar that means North America and Northern
Europe, with US coasts and Gulf of Mexico key to its
credibility.

`We&`re finding a lot of interest in the Gulf for workboat
crews who want payphones and managers who want
data transfer on other channels.

`We can do that four times faster than Iridium (at data
rates of 9.6 kbps) and using Inmarsat would be five or 10
times the cost,` he suggests.

The question of cost is one that Navarra returns to again
and again.

Creating cost competition and attracting traffic by
slashing tarrifs is a central tenet of Globalstar&`s
restructuring plans.

Like Iridium, Globalstar will be relieved of its debt burden
when it leaves Chapter 11, but Navarra cites Iridium&`s
higher operating costs as the barrier to its matching
Globalstar&`s price challenge.

`A Globalstar phone is $499, Iridium&`s is $1,200,` he
points out.

Globalstar has recently cut call costs by 30%-80% in an
attempt to entice subscribers. No similar move has been
forthcoming from Iridium

`As a public company, anyone can examine our books
and see that we can make money even at our new
prices. Iridium has never disclosed its finances or even
its subscriber numbers,` he says.

But doesn&`t this pile &`em high, sell &`em cheap
approach smack of desperation? Cutting prices on a
premium service is normally the death-knell for value
both ways.

`Our new business plan has to be credible to the
bankruptcy court or it won&`t be approved, we are not
dreaming,` declares Navarra.

`We are restructuring our debt and we will have new
investors in place by the year&`s end.`

Contrary to delicious market rumour, rich uncles are
unlikely to include Inmarsat.

He backs up his claims with plans for new sales agents
and assaults on new markets. `We will get our debt
down, come out of Chapter 11 and blossom,` he adds.

Lest we get too carried away, let us just pause to
consider how Globalstar got where it is.

`The technology was always robust, what wasn&`t in
place was the distribution the sales cycle was too long,`
claims Navarra.

Using wholesale distribution partners created an
unnecessary additional layer that the new business plan
aims to strip away.

Globalstar has bought out the assets and operations of
its former service partners in North America and Europe
as part of its new plan.

The marine market&`s resistance to change and call
costs were also factors in Globalstar&`s first-time failure.

This time, the company will spread its wings, selling its
system for remote monitoring and mobile telematics
applications.

In the future it also wants to pursue Iridium&`s original
dream a global mobile consumer service though its will
be a hybrid, known as ATC BigLeo, using satellite in
remote locations and GSM in built up areas.

To do this and to ensure its longevity, the company has
contracted Loral for up to 30 next-generation satellites
which could be ready for launch as early as 2006.

Dismissed by some observers as a pipe dream,
Globalstar made the move in order to comply with
Federal Communications Commissions rules.

Though admitting the need to retain credibility with the
FCC, Navarra hints that restrictions on radio spectrum
capacity and the hardware requirements of a hybrid
system mean that satellite operators are already moving
towards a period of consolidation.

Teledesic has recently called a halt to its own satellite
building plans and rumours are circulating that Iridium
has cut back its sales staff.

`It will be consolidation not nasty competition,` he
suggests. `We&`re already seeing that playing out.`

Whether or not that scenario materialises, Globalstar
seems to have opinion on its side at present.

A recent technical study by Frost & Sullivan observed
that in terms of audio quality as well as reliability of data
rates, Globalstar was consistently rated ahead of
Iridium.

If enthusiasm came in billable minutes, Globalstar&`s
ambitions might not seem so unrealistic after all.

[Gatsby2]

Auch kleine Dinge machen Freude - wie z.B. ein bißchen positive Coverage in Japan:


Globalstar`s Excellence Proven at the Light-water Reactor Plant Ground-breaking in North Korea



The excellent quality of Globalstar`s telephone connection and
broadband service was clearly proven at the ground-breaking
ceremony of a KEDO light-water reactor plant in North Korea.
On August 7, an NHK reporter who had planned to broadcast the
ground-breaking ceremony live through DACOM`s satellite emission
service experienced problems with Inmaset, his communication link
with the NHK head office, just as the broadcasting was to begin.
That was when DACOM`s SNG (Satellite News Gathering) operator
acted quickly and enabled the NHK reporter to establish
communication with the NHK head office via Globalstar. The NHK reporter affirmed that Globalstar had been
invaluable in averting a live broadcasting disaster and said, "I would like to purchase Globalstar when I get back to
Japan."

[Wolfsbane]

Selbstgespräche?

[Gatsby2]

Gute Frage

Aber was kann ich für die Ignoranz der offenbar nicht ganz so geneigten Leserschaft? So nutze ich es dann halt als Archiv, denn auch sowas hat sich schon bezahlt gemacht...

[Gatsby2]

Dow Jones Business News
Globalstar Gets More Time To Solicit Turnaround-Plan Votes
Thursday October 24, 12:47 pm ET

WILMINGTON, Del. -(Dow Jones)- Globalstar LP Thursday won a 30-day extension of its
exclusive period to solicit votes for its proposed Chapter 11 reorganization plan.

The debtor company also rescheduled a hearing to consider the adequacy of its disclosure
statement. The hearing will take place on Dec. 30 before Chief Judge Peter J. Walsh of the
U.S. Bankruptcy Court in Wilmington. The hearing has been rescheduled several times since
Globalstar filed the plan and disclosure statement in May.

Globalstar obtained the extension of
its exclusive solicitation period to
coincide with the new hearing date.
The debtor company now has the sole
right to obtain votes for its plan through
Nov. 13. Its previous exclusive period
would`ve expired Oct. 14. Globalstar
maintained the exclusivity because it
filed a motion for the extension before
that deadline.

Globalstar said the size and
complexity of its case warrants the
extension.

"It is beyond dispute that the case is
large and complex, involving billions of
dollars of debt, a complicated
telecommunications business, complex arrangements with key suppliers and a myriad of
regulatory issues," the debtor company said in its motion.

"The debtor`s management has also demonstrated diligence during the case by filing the plan
and disclosure statement, working toward the development of a new business plan, reducing
certain operating costs, implementing an employee retention benefit program, and negotiating
for the purchase of certain strategic assets."

Globalstar`s committee of unsecured creditors consented to the 30-day extension of the
vote-solicitation period.

Globalstar is a general partner of Globalstar Telecommunications Ltd. (GSTRF) , which is not
under bankruptcy protection.

Globalstar L.P., of San Jose, which operates a worldwide, low-Earth orbit satellite-based digital
telecommunications system, filed for bankruptcy Feb. 15. The company listed assets of $573.4
million and liabilities of $3.34 billion in its Chapter 11 petition.

[Gatsby2]

AeroAstro`s New Asset Tracker Achieves New Low Price Point
Ashburn - Oct 28, 2002
At the Intelligent
Transportation Systems
show held in Chicago
October 14-17,
AeroAstro released the
S 10-20 asset tracking
unit that enables many
asset tracking and
monitoring applications
that were not previously
possible due to its low
price of only $349, which
includes installation
anywhere in North
America.

The S 10-20 uses
AeroAstro`s Sensor
Enabled Notification
System (SENS) to
transmit data from virtually any location in the world
through the existing constellation of Globalstar
satellites.

Users view their assets via a website, which features
detailed mapping information along with customizable
reporting capabilities. The S 10-20 is equipped to
allow a variety of wireless sensors to be attached to the
unit to detect events such as a door being opened,
cargo tampering, or cargo temperature.

Officials in both the government and the trucking
industry are concerned about the possibility of trucks
being used as part of a terrorist attack. Trucks carrying
hazardous materials could be hijacked or stolen and
used as weapons of mass destruction. The S 10-20 is
ideally suited for Homeland Security applications:

Offers an immediate solution to many
transportation security problems
Gives authorities the ability to locate and recover
hazardous cargo
Provides position and sensor information from
any location
Easily attached to any tractor, trailer, or container
Inexpensive and simple to deploy
Uses the reliable Globalstar constellation of
satellites for data transmission, no back road or
remote area is out of reach

The S 10-20 incorporates a GPS receiver, satellite
transmitter, microcontroller, and long-life battery pack
into a slim, all-weather NEMA 4X package. The unit
measures only 8.4" x 5.25" x 1" high, making it short
enough to fit on top of a trailer without interfering with
operations.

The S 10-20 requires no electrical connections to the
trailer, and installation is accomplished in five minutes
without the use of bolts or screws. The ease of
installation permits deployment across entire fleets in a
minimum amount of time, allowing maximum ROI to the
operator. The unit has a battery life of up to 4.5 years,
depending upon the frequency of transmission.

SENS service is scheduled to begin in all of North
America within two months. Service is planned for
rollout in Europe, South America, and Asia during
2003.

[Gatsby2]

Coast Guard, NASA to demo secure mobile networking technology


Oct. 29, 2002 12:59 PM EST

CLEVELAND—As part of the government’s homeland security initiative, the U.S.
Coast Guard and NASA will demonstrate secure networking technology that can
potentially enable access to networks in motion, like spacecraft, aircraft, automobiles
and ships at sea.

Companies including Cisco Systems, Western Datacom the USCG District 9, the U.S.
Army PEO C3-T, Lockheed Martin, Globalstar, Stallion and Sea Tel join to demonstrate
how the Globalstar satellite can enable secure communications among networks in
motion.

The demonstration will take place at the USCG station on the East Ninth Street Pier in
downtown Cleveland on Nov. 6.

[Gatsby2]

Globalstar Reports Results For Third Quarter of 2002
Revenues continue to grow as subscribers and usage increase
Company achieves milestones in new product and technology development

San Jose, CA, November 14, 2002 - Globalstar, the world`s most popular handheld
satellite telephone service, today announced its results for the quarter ended September
30, 2002. Both revenue and subscriber numbers continued to climb during the quarter,
accompanied by significant progress in consolidation of international operations, expense
reduction, and new product development.

On August 19, the company acquired the sales and technical operations of Globalstar
USA (GUSA), the Globalstar service provider in the United States. As a result, financial
figures from August 20 forward include revenues and expenses which previously accrued
to Vodafone Group Plc, GUSA`s previous owner. Figures given for prior quarters do not
include GUSA revenues and expenses.

For the quarter, Globalstar L.P.`s net loss applicable to ordinary partnership interests
declined to $14.6 million, a reduction of 31% from the previous quarter and a decline of
89% from the same quarter in 2001. Third quarter operating losses were $14.7 million, a
decline of 30% from the previous quarter and a decline of 46% from the third quarter of
2001. These results are consistent with the company`s expectations during this
restructuring period.

Globalstar recorded a total of 10.1 million minutes of use in the third quarter, representing
a 31% increase in traffic from the previous quarter and a 36% increase from a year ago.
The estimated number of mobile and fixed subscribers at the end of September was
80,000, an increase of 6% over the previous quarter and a 37% increase from a year ago.

`This quarter included some crucial developments in our restructuring, most notably the
completion of our acquisition of Globalstar sales and marketing operations across North
America and parts of Europe,` said Olof Lundberg, chairman and CEO of Globalstar. `This
has already resulted in a dramatic improvement in our revenue stream, and we were able
to rapidly consolidate these operations while still reducing monthly cash requirements.

`Meanwhile, our business continues to branch out into new areas and new markets,
supported by a growing portfolio of products and services. We are also currently in
advanced discussion with possible investors, and we expect to have an announcement on
this in the weeks ahead, clearing away the last remaining obstacle to completing our
reorganization and to the rapid, successful growth of our business.`

Financial Results
A full discussion of Globalstar`s financial performance for the third quarter can be found in
the company`s Report on Form 10-Q, to be filed shortly with the U.S. Securities and
Exchange Commission. Highlights are as follows:

Total revenues for the third quarter of 2002 were $7.8 million, a 66% increase over
the second quarter, and a 434% increase over the same quarter in 2001. Service
revenues for the third quarter were $5.7 million, up 73% over the previous quarter
and up 292% over the third quarter of 2001. The company also recorded $2.1
million of equipment sales revenue from the sale of handsets and related
equipment in the United States and Canada.
As of September 30, 2002, Globalstar had approximately $22.6 million in cash on
hand. The company is currently in discussions with potential investors, with the
objective of raising sufficient funds to achieve cash flow breakeven operations,
although the outcome of these discussions cannot be assured at this time.
Globalstar expects that debtor-in-possession financing will likely be required to
sustain operations through the completion of its chapter 11 case.
Globalstar, L.P.`s $14.6 million loss for the quarter converts to a loss of $0.12 per
share of Globalstar Telecommunications Ltd.

Company Operations
During the third quarter, Globalstar achieved several milestones in the areas of
acquisitions, product development and new applications. These included:

In addition to the acquisition of Globalstar USA as noted above, Globalstar also
acquired the gateway operations in Aussaguel, France, from the company`s service
provider partner, TE.SA.M. This gateway serves customers across much of
Europe, northern Africa and the northern Atlantic Ocean.
Globalstar became the first - and so far only - satellite phone company to build and
demonstrate a functioning Ancillary Terrestrial Component (ATC) system, using
a modified Model 650 Telit tri-mode phone operating over Globalstar`s existing MSS
frequencies. If implemented commercially in the U.S., an ATC phone unit could
ultimately operate in three modes: satellite mode over MSS frequencies, cellular
mode over MSS frequencies, and cellular over terrestrial cellular frequencies.
Globalstar announced the successful test of a very low cost simplex modem,
developed in cooperation with AeroAstro. Commercial implementation of simplex
data service is scheduled for January 2003.
Another equipment manufacturer, Sea Tel, shipped the first commercial production
unit of its Globalstar multi-channel modem unit (MCM-3), making medium
data-rate communications available to maritime users over the Globalstar system.
Mykotronx, a producer of high-level data security devices, confirmed that Type 1
encrypted data - the U.S. government`s highest level of secure data - can now be
sent and received over the Globalstar system using the KIV-7 encryption unit
manufactured by Mykotronx.
Elsacom, Globalstar`s service provider in Italy, took part in a remote medical
diagnostic demonstration with Medtronic, a leading medical technology company.
In the demonstration, doctors in a Sicilian hospital were able to monitor a patient`s
electro-cardiogram (EKG) data, diagnose the illness and prescribe treatment, even
though the patient was on a boat many miles offshore. This was made possible by
connecting Medtronic EKG equipment to a Globalstar phone, with the resulting
data sent back to the hospital in real time. This system demonstrates the potential
value of Globalstar service in providing support for emergency medical services in
remote locations.

After the close of the quarter, Globalstar also took part in a demonstration conducted by
NASA Glenn Research Center and the U.S. Coast Guard of a highly secure mobile
networking system that can provide dependable data communications, even beyond the
range of terrestrial wireless networks. Globalstar provided the space segment of the
network.

Satellite Constellation
Globalstar`s satellite constellation has generally continued to perform well. Since early
2001, a number of satellites have experienced operating anomalies, but in most cases the
satellites successfully recovered and were returned to service. To date, only two satellites
have been declared failed, and they have been replaced with on-orbit spares.

Currently, three satellites out of Globalstar`s 48-satellite constellation are out of service,
undergoing diagnostic testing and recovery operations. As a result, users may experience
brief service outages a few times a day, depending on their location. Since the current
anomalies appear similar to those experienced on satellites that have been successfully
recovered, Globalstar is using its earlier experience to work toward further recoveries,
although no fixed timetable for recovery of these satellites can be assured at this time.

Globalstar is a provider of global mobile satellite telecommunications services, offering
both voice and data services from virtually anywhere in over 100 countries around the
world. For more information, visit Globalstar`s web site at www.globalstar.com.

# # #


This press release contains forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 and within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These
statements provide our expectations or forecasts of future events. Actual results could
differ materially as a result of known or unknown risks and uncertainties and other factors,
including our ability to secure sufficient funding under credit facilities or from other
sources, to restructure our debt, the acceleration of existing debt facilities and the
exercise of remedies with respect thereto, and other risks, uncertainties and factors
disclosed in the most recent report on Form 10-K and reports on Form 10-Q and Forms
8-K of Globalstar Telecommunications Ltd. and Globalstar, L.P. filed with the Securities
and Exchange Commission. We undertake no obligation to update any forward-looking
statement.

[Gatsby2]

Seltsam, seltsam -- im Jahre des Herrn 1999 legt Cisco einen Plan für ein mobile routing system vor, und es dauert 3 Jahre, bis er endlich veröffentlicht wird:

http://spacecom.grc.nasa.gov/icnsconf/docs/2002/08/Session_D…

[Gatsby2]

Nachtrag zu #18 -- darum geht`s:

Spotlight: Cisco, Globalstar Offer Secure Network Cisco Systems Inc. [CSCO] has
successfully developed and deployed a


Nov 18, 2002 (Satellite News/PBI Media via COMTEX) -- mobile networking system
that uses Globalstar`s satellite system to provide secure communications for the
U.S. military and other government agencies.

Cisco and Globalstar worked with the National Aeronautics and Space
Administration (NASA) for two years in developing the network.

Defense organizations now have the ability to communicate through an encrypted,
mobile network that provides seamless and continuous IP connectivity over
multiple wireless data and satellite links.

The "groundbreaking" system was demonstrated earlier this month aboard the Coast
Guard Cutter Neah Bay. The crew of the Neah Bay was able to switch from
LAN/WAN
to a satellite connection 15 miles off the coast of Cleveland without breaking
the Internet connection or having to reconfigure the router.

The Globalstar constellation ensures that the connectivity is available in
coastal or remote regions not served by cellular or Wi-Fi networks.

A lack of secure, reliable connectivity historically has been an obstacle in the
deployment of wide-scale mobile data networking among ships, planes and
land-based defense forces, Globalstar officials said. That limitation now has
been overcome, they added.

Satellite News, Vol. 25, No. 44 [Copyright 2002 PBI Media, LLC. All rights
reserved.]

[Gatsby2]

Jumping from satellite to cellular and back

By Ben Charny
Staff Writer, CNET News.com
November 20, 2002, 1:41 PM PT

A quick new wireless data service combines the worldwide reach of satellite networks
with a cellular setup`s ability to steer signals through the architectural canyons of big
cities.

London-based Inmarsat`s Regional BGAN service, announced Tuesday, is the second to merge
satellite and cellular phone networks. Globalstar Telecommunications has been selling hybrid
cellular-satellite phones and services for some time. But Inmarsat`s service can deliver data at
176kbps, about twice as fast as Globalstar`s, according to both companies. Unlike Globalstar`s
service, however, Inmarsat`s modem-based Regional BGAN is limited to data-specific tasks
such as Web surfing and getting behind a corporate firewall; it does not handle voice calls.

The Inmarsat offering consists of a satellite modem that can be used with laptops or PCs.
When subscribers want to jump from the satellite network to a cellular setup, they simply
remove the subscriber identity module card from their cell phone and plug it into the modem.
Thumbnail-size SIM cards are inside all cell phones based on the Global System for Mobile
Communications (GSM) standard. The cards carry the account information needed to log onto
a GSM carrier`s network.

Cellular and satellite phone
companies are mixing networks
to strengthen each other`s
coverage areas. Satellite phones
work virtually anywhere in the
world, but the concrete and steel
caverns of cities tend to muddle
the satellite phone signal. Cellular
telephone networks are at their
strongest in urban areas.

"In some places, cellular is the
answer, in some places, satellite
is the answer," said Globalstar
representative Mac Jeffery.

The biggest knock against
satellite services is their cost. On
the voice front, satellite phones
are hundreds of dollars more than their cellular counterparts. Plus, calls cost between $2 to $5
a minute, while most cellular telephone calls are just a few pennies a minute. There have been
some recent price breaks--most notably from Globalstar, which cut U.S. satellite phone calls
to 17 cents a minute and lowered the price of its hybrid phone to $600--but heavy price tags
remain the norm.

The modems needed to use Inmarsat`s Regional BGAN service cost a hefty $1,500 each, and
subscribers will pay $10 to $15 for every megabyte of data they download, according to
Inmarsat director Johnny Nemes. By comparison, Sprint PCS`s new cellular-based PCS Vision
wireless Web service runs $40 for 20 megabytes of downloads--that`s $2 per megabyte.

Nemes acknowledges that hybrid services aren`t for everybody--not yet anyway. Until
competition drives down the cost of equipment, Regional BGAN will generally attract only
pipeline builders, defense contractors or other mobile pros that must be in touch with an
office`s network regardless of where they are, he said.

"This is for the platinum credit card set," said Alan Reiter, an analyst with consulting company
Wireless Internet & Mobile Computing.

Inmarsat`s Nemes said 10 GSM carriers are selling Regional BGAN. None of the carriers are in
the United States.

Cellular industry entrepreneur Craig McCaw`s ICO Global Communications is also said to be
working on hybrid satellite-cellular devices.

[Gatsby2]

MSS TERRESTRIAL RELIEF TAKING SHAPE AT FCC
11/22/2002

Industry sources and analysts said FCC is likely to grant some degree of flexibility in
coming months to mobile satellite service (MSS) operators to operate terrestrial services
in their spectrum. Legg Mason said in report Thurs. it expected Commission could issue
order as early as next month allowing MSS operators authority to use that spectrum for
ancillary terrestrial component (ATC) service. That would be victory for Globalstar,
Mobile Satellite Ventures and Craig McCaw-backed New ICO. Question, said several
industry sources, is how narrowly Commission would define ATC service if it granted
flexibility.

Several sources said decision on ATC proposal, which has sparked concern from
wireless carriers, is expected early next year, although item isn`t on circulation on 8th
floor. Eighth floor appears to agree with idea of granting measure of terrestrial flexibility
to MSS operators who meet milestones for operating in this spectrum, source said. Next
step is how to work out parameters so allowing MSS licensees to do some terrestrial
operations in band doesn`t become "de facto" reallocation to terrestrial wireless service,
sources said. One attraction of ATC is that it`s in line with flexible use philosophy laid
out in recent Spectrum Policy Task Force report, lobbyist said. "The dilemma that ATC
has presented from Day One is how do you do it without opening the door to a de facto
reallocation?" source asked. "The Commission is struggling to come up with a regulatory
scheme that has enough firewalls that that doesn`t happen."

"We believe the Commission will grant the MSS operators ATC authority," Legg Mason
said in report. It said ancillary use definition appeared unresolved for now: "This matters
to the wireless carriers, which want to ensure that an MSS licensee cannot segue over
to providing an essentially competing terrestrial wireless service using free spectrum.
The issue also matters to the MSS operators, which, depending on how the issue is
finally determined, may or may not benefit from the expanded authority." Globalstar,
Motient and New ICO are among operators best positioned to take advantage of
flexibility, if granted, Legg Mason said. Boeing, Inmarsat and Iridium, MSS licensees
operating in different bands, haven`t sought ATC authority. Boeing and Inmarsat have
said they didn`t need ATC for their service plans and "Iridium has somewhat of a head
start in the field," Legg Mason said. On another related MSS issue, Legg Mason said it
believed FCC might make 14 MHz of reserve MSS spectrum available, in addition to at
least part of spectrum that agency would reclaim if licensees in band failed to meet their
milestones. "This could amount to somewhere between 25 and 30 MHz of additional
spectrum that the wireless carriers could obtain, through auction, for fixed or mobile
use," Legg Mason said.

Commission in Aug. 2001 opened rulemaking in response to New ICO request to
develop terrestrial spectrum using bands allocated to MSS. In March, agency sought
additional technical feedback on proposals that would allow flexibility in services that
used MSS spectrum. MSS licensees such as Globalstar have been urging FCC to take
quick action to allow ATC usage in spectrum as way of keeping their operations
financially viable. Meanwhile, CTIA has urged FCC to reallocate that spectrum and
make it available to other services such as 3G. AT&T Wireless, Cingular and Verizon
Wireless also have asked FCC to take another look at MSS to assess whether it could
be viable technology without ATC.

Key questions remain on how FCC would fill in details of ATC, with several industry
sources saying agency was examining "gating criteria" that would put boundaries on
terrestrial operations in that spectrum. One possibility would be requiring handsets to
sample satellite signal first, industry source said. Another potential limit would be for
FCC to require full deployment of satellite system before ATC was permitted, source
said. "For example, just because ICO has one satellite up there that`s circling the globe,
that wouldn`t entitle them to start doing ATC tomorrow," source said. "They are going to
have to put up the rest of that constellation." For companies such as Globalstar and
Iridium that are further along than New ICO, they still could face "a host of other
technical requirements," source said. "Nobody will be able to hang out the ATC sign the
next day." Several sources said that legal issues also are tied to how ATC is defined
because terrestrial wireless spectrum must be auctioned under FCC rules for mutually
exclusive licenses. "There are some legal hurdles they would have to overcome," one
source said.

Several sources also said increased attention is being paid to milestone issues connected
to MSS licensees. Interest among mobile wireless carriers is that spectrum returned to
FCC because milestones aren`t met be freed up for other uses. "I don`t see it happening
by the end of the year," one source said. "There is a balancing going on. There will be a
reallocation of some MSS spectrum to 3G. How much is still up in the air."

Issue of milestones came up in recent filing by AT&T Wireless, Cingular Wireless and
Verizon Wireless concerning application by Constellation and Mobile Communications
Holdings to transfer license to ICO. Wireless carriers said this application would violate
FCC rules established in 2 GHz order. Commission had set strict milestones in lieu of
financial qualifications to prevent spectrum warehousing as well as antitrafficking rule to
block new licensees from transferring bare (nonoperational) licenses for commercial
gain when rules were established in Aug. 2000, filing by wireless carriers said. In
general, "the Commission is really going to hold the 2 GHz licensees` feet to the fire in
terms of have they met their due diligence milestones, and people are not going to get
cut a lot of slack in that regard," one lobbyist said. In past year or 2, FCC has started to
enforce milestones more aggressively, source said. "There is certainly a lot of talk of
fairly Draconian enforcement of milestones on 2 GHz," source said. "To the extent that
you take away licenses, you arguably free up allocations."

[Gatsby2]

Globalstar Expands Product Line for Marine, Vehicle and Data Applications New Accessories Make Satellite Phone Service Even More Practical for Ships, Trucks....Even Palm(R) PDAs

SAN JOSE, Calif., Dec 3, 2002 (BUSINESS WIRE) -- Globalstar, the world`s
leading handheld satellite phone service, today announced a suite of new
products and accessories, aimed principally at users who live, work or travel in
extreme environmental conditions on both land and sea.

The new products, now available in the U.S. and Canada, are:

Globalstar GSP-2900 ST Fixed Unit, an updated version of the GSP-2900 that
provides use of a Globalstar phone indoors by incorporating a fixed,
weatherproof rod antenna mounted outside of a maritime vessel or on the exterior
of a building, connected to the indoor phone unit through the use of a 20, 30 or
55-foot cable. The outdoor antenna can function in harsh environments from -40
degrees F to 185 degrees F (-40 degrees C to 80 degrees C).

Globalstar GSP-2900 LP Fixed Unit incorporates the same features as the GSP-2900
ST, but uses a smaller, much lower-profile antenna, roughly the size and shape
of an inverted teacup. Ideal for installation in tight spaces or in environments
where wind loading is a factor.

Globalstar GCK-1410-M Vehicle Kit includes a remote vehicle antenna, cabling,
and a handset cradle for use in cars, trucks, ships, and other vehicles. Users
simply slip the Globalstar handset into the cradle and have instant hands-free
phone service without the cost and inconvenience of a second phone unit. This
new kit is a modified version of the GCK-1410 kit, but with a longer 30-, 45- or
80-foot cable for installation in even the largest vehicles.

Globalstar GPDK-110 Portable Docking Kit offers users a "vehicle kit in a bag"
that goes anywhere and sets up in minutes to provide convenient use while inside
cars, boats or other vehicles. The kit includes a battery charger, handset
cradle, magnetic antenna (which can be attached, for example, to a metal roof),
hands-free microphone and speaker, and a separate traditional phone handset for
privacy. An optional data serial port connector is also available. Simply slide
a Globalstar handset into the cradle, and the docking station provides complete
communications flexibility. And the kit quickly packs up into a small padded
case for "fixed" communications that is also completely portable.

Globalstar GDC-2100 Fixed Data Cable connects Globalstar fixed units directly to
standard RS-232 modem connectors on PCs and PDAs. Fixed unit users can now
easily access the Internet and private data networks, as well as send e-mail,
over the Globalstar network in either asynchronous or packet data mode.

In addition, Globalstar has introduced several new data adapter kits, allowing
users of mobile Globalstar Qualcomm GSP-1600 phones to connect directly to USB
ports on PCs and Apple computers, as well as to data synchronizing connectors on
several popular Palm models.

[Gatsby2]

Nanu? Kunden unerwünscht?

StarMD
PO Box 164
Middleburg, VA 20118

Contact: LoreStarMD
PO Box 164
Middleburg, VA 20118

Contact: Lorena Dawson
Corporate Communications December 5, 2002
[e-mail] For Immediate Release
410-604-3350


San Jose, CA Based Globalstar USA
Defendant in $47 Million Dollar Lawsuit

Middleburg, Virginia – StarMD, LLC filed suit today in the Pennsylvania Court of Common Pleas against Globalstar USA, the San Jose based provider of global satellite telecommunications services, for breach of contract and wrongful interference with contractual relations. StarMD, previously an agent for Globalstar’s $4 billion dollar global satellite systems, seeks $47 million dollars in damages.

A copy of the complaint may be obtained by emailing a request to [e-mail]

The complaint alleges Globalstar USA repeatedly refused to ship hundreds of satellite telephones for which StarMD had found purchasers. Jim Carney, StarMD’s counsel said: “StarMD was generating substantial revenue and on track with a program targeted to sell over 10,000 Globalstar phones and service plans in 2003 when Globalstar abruptly stopped shipping phones to StarMD. All attempts by StarMD principals to reach Globalstar’s president, Tony Navarra, for an explanation have been unsuccessful.”

In a second count, StarMD claims Globalstar USA further interfered with an agreement between Globalstar LP and StarMD to co-market the StarMD StarReach™ System that allows Globalstar customers a low cost way to use their satellite telephones inside boats, automobiles and buildings.

“We are baffled by their actions,” says George Harris of StarMD. “You would think a company in bankruptcy would welcome the additional business that we were bringing to them. Our new marketing programs were generating about as much new business as the entire US channel. We just don’t understand why they would turn away business at this juncture. “

[Gatsby2]

Satellite phone plan expected to get OK
By Paul Davidson, USA TODAY

A controversial plan to resuscitate the global satellite phone industry — by supplementing the offerings with land-based cellular service — is expected to win the approval of federal regulators.

The proposal would pave the way for mobile phone services that work virtually anywhere, from the Gobi Desert to New York City. It also could bring fast Internet services to remote areas.

The Federal Communications Commission`s staff is recommending approval of the plan, with conditions to ensure the satellite firms don`t abuse it as a back-door way to provide land-only services, people close to the situation say.

Despite cries of foul from cellular carriers, the five-member commission is expected to give its nod within weeks.

In the 1990s, companies including Iridium and Globalstar offered satellite phones that erased the need to build costly cell towers in the hinterlands. But both companies failed as cellular companies marched farther than expected. Also, their brick-heavy $3,000 phones cost as high as $7 a minute to use and didn`t work in cities because of interference from tall buildings.

But satellite players didn`t give up. They say that cellular service will never be ubiquitous and that globetrotting business people want worldwide coverage.

Three firms — New ICO, backed by wireless phone pioneer Craig McCaw, Globalstar and Mobile Satellite Ventures (MSV) — plan to shrink the phones to cell phone size by putting the antenna in a separate unit.

They hope to shrink the bill to as low as 30% above cell phone prices, in part by expanding their market by providing service that works in cities, too.

To do that, the companies plan to erect cell towers in top urban areas to fill in spotty satellite coverage. But they need FCC approval to use their satellite airwaves, which they are granted free, for cell phone services.

Current cellular players note they paid billions for their land-based spectrum and fear the upstarts could forgo the costly satellite service and just offer a discount cellular service in large cities.

"They`re pulling a bait and switch," says Travis Larson of the Cellular Telecommunications and Internet Association.

The satellite companies say they are aiming only for a niche market that needs both remote and urban coverage, such as the military, mining companies and some rural residents. Globalstar and MSV now offer limited rural service.

Under the proposed conditions, the companies would have to offer service nationally, not just in top urban markets. They could not provide land-based service until all their satellites were up, and some of their spectrum is expected to be auctioned to cellular companies for wireless broadband services.

[Gatsby2]

Zwar schon eine ältere Nachricht, aber aktueller denn je. Wenn man so liest, welche vielfältigen und zum Teil extrem gewinnträchtigen Anwendungsmöglichkeiten für die Globalstar Konfiguration im Gespräch sind, fragt man sich wirklich, warum das Vergleichsverfahren so lange dauert. Offensichtlich scheinen sich die Geier richtig in den Haaren zu liegen.

Fight terror by satellite: report
Barbara Gengler
OCTOBER 01, 2002

SATELLITES should be used more aggressively to detect, identify, thwart and defeat terrorists, a Datacomm Research report suggests.

Low-Earth-orbit (LEO) satellites are suited to the task, the report suggests, nominating three networks: Iridium developed by Motorola; Globalstar operated by Qualcomm, and Orbcomm, a joint venture of Orbital Sciences and Teleglobe that uses geosynchronous satellites.
These three satellite networks are poised to play key roles in the war against terror, both in attack and defence, the report says.

The report advises the US departments of defence and Homeland Security to create affirmative-action programs for LEO satellite services, routing as much business to them as possible.

The report gives examples of how satellites can be effective at home and abroad.

Rescue workers in New York used Globalstar phones after the terrorist attacks knocked out most cellular and landline services,

The US military uses Iridium phones in Afghanistan.

Iridium, the report says, is developing other uses.

Two potential applications include equipping air marshals with phones and two-way cockpit communications for planes beyond the reach of ground controllers.

Rather than using intersatellite links as Iridium does, Globalstar employs a bent-pipe architecture that relays signals from the mobile user to the nearest ground station.

Orbcomm, the report says, is well placed to monitor fuel tanker trucks, cruise ships and reservoirs.

Orbcomm`s biggest advantage is its inconspicuous and inexpensive devices that can be installed on anything from pipelines to vehicles to freight containers, the report says.

Satellites have demonstrated their utility in the war against terrorism, it says.

The report`s author, Ira Brodsky, says the US could seize an overwhelming advantage if it mobilised the hi-tech industry.

"I`m talking about technologies to discover terrorist cells, to eavesdrop on planning sessions, to thwart attacks, to lessen the impact of attacks that do take place, and to put terrorists on the run."

Brodsky says the three LEO networks should be considered essential infrastructure for national and international security.

[Gatsby2]

Telenor ersetzt eigenes Netzwerk durch Roaming-Vertrag mit Globalstar.

Telenor announces closing of NMT 450

WEDNESDAY, DECEMBER 18, 2002 09:07 AM

Dec 18, 2002 (Hugin via COMTEX) -- (Fornebu, 18.12.2002) Telenor Mobil`s licence for the mobile network system NMT 450 expires on December 31st 2004. Today, in keeping with license requirements, the company announced that it will likely not apply for an extension of the licence. Telenor Mobil is dedicated to offering alternative solutions to NMT 450. Coverage of the GSM network is still being extended, and Telenor Mobil has entered into a roaming agreement for satellite telephony.

The number of NMT 450 customers has been decreasing rapidly during the last years, and by the end of 2004, there will be very few customers left. Other countries are also in the process of closing down their NMT 450 networks. Moreover, fewer suppliers are able to repair and maintain NMT equipment. Telenor Mobil has therefore decided not to apply for a further extension of the NMT 450 licence. All customers will be informed directly, and today`s coverage and service level will be maintained until the actual closing. Telenor Mobil`s NMT 450 licence was originally to expire in October 2003, but an extended licence period was granted. Alternatives to NMT 450 Telenor Mobil will continue to work actively to provide mobile services in areas with the most NMT 450 traffic. Increased use of extended cell technology, which doubles the range of GSM coverage, is one alternative being considered to improve GSM coverage in mountainous areas and along the coastline. In addition, Telenor Mobil has entered into a roaming agreement with satellite telephony operator Globalstar. This contract will in rough terms provide Telenor Mobil customers with mobile coverage in areas where GSM is not available and which today are covered by NMT 450. NMT 450 was the first public, automatic mobile service, and was launched in Norway in 1981. The system was developed in co-operation between the Nordic telecom companies. At its peak in 1996, there were 190,000 NMT 450 subscribers in Norway, while the customer base at the end of the third quarter 2002 was 57,000. This number continues to decrease by about 1,500 per month. Telenor Mobil has seen a strong customer transition from NMT to GSM, partly because of continuously improved GSM coverage. GSM today covers about 98% of the Norwegian population. GSM also offers far more services than NMT, and is available in most countries. The total customer base of Telenor Mobil in Norway was 2,4 million at the end of the third quarter 2002.

[Gatsby2]

Yesss!

Reuters
Globalstar Secures $55 Million Funding
Wednesday January 15, 8:39 am ET
By Sinead Carew


NEW YORK (Reuters) - Investment group New Valley Corp. (NasdaqSC:NVAL - News) said on Wednesday that it would invest $55 million in satellite telephone company Globalstar saving the bankrupt company from an almost certain death.

The proposal, which is subject to approval by the Delaware bankruptcy court, includes $20 million debtor-in-possession financing and another $35 million if the court approves the deal and Globalstar emerges from bankruptcy.

Under the agreement Miami-based New Valley, which is also involved in real estate investments, would own the majority of Globalstar and its creditors, including founders Qualcom (NasdaqNM:QCOM - News) and Loral (NYSE:LOR - News), and its bondholders would hold the remainder, the companies said.

The creditors will also receive preferred shares and warrants to buy additional equity and holders of Globalstar Telecommunications Ltd. shares may have a limited opportunity to purchase shares, the companies said.

If the creditors and bondholders exercise their warrants New Valley, which is part owned by Vector Group (NYSE:VGR - News), would own about a 50 percent stake. Vector Group, a holding company, owns a controlling interest in New Valley Corp. and indirectly owns Liggett Group Inc. and Vector Tobacco Inc.

Globalstar was set up by Loral and Qualcom in 1994 to offer satellite-based mobile telephone services to business customers but fell on hard times as demand for its services was much smaller then expected.

It defaulted on loans to its founding companies in early 2001 and filed for bankruptcy protection in February 2002.

In November Globalstar said it had only about $22.6 million cash on hand at the end of September and that it would need debtor-in-possession financing in order to complete the Chapter 11 process.

Globalstar`s restructuring follows the high-profile failure of another satellite telephony venture, Iridium LLC, which was founded by Motorola (NYSE:MOT - News). Iridium filed for bankruptcy in 1999. Its assets were bought for $25 million in December 2000.

New Valley did not lay out a detailed strategy for the restructured company but its Chief Executive Bennett LeBow said he expects the investment to allow Globalstar to expand its customer base and move toward profitability.

LeBow was at the helm of New Valley when it bought a troubled Western Union for $25 million in 1987. He renamed the financial services company New Valley, which in turn filed for bankruptcy in 1993. New Valley emerged from bankruptcy in 1995 after it sold Western Union for $1.5 billion.

New Valley last traded on the Nasdaq at $4.12 on January 13.

[Gatsby2]

Tja, sollte es vielleicht daran gelegen haben, daß New Valley die Aktionäre komplett platt machen wollte?

Reuters
UPDATE - New Valley ends plan to rescue Globalstar
Thursday January 30, 10:36 am ET


(Adds details)
MIAMI, Jan 30 (Reuters) - Investment Group New Valley Corp. (NasdaqSC:NVAL - News) said on Thursday it had terminated a $55 million agreement to acquire a controlling stake in Globalstar LP and help the satellite telephone company emerge from bankruptcy.

New Valley said it was ending its plan to provide debtor-in-possession financing and infuse Globalstar with funds because it was unable to reach a final agreement with the company`s creditor committee.

Globalstar was not immediately available for comment.

The proposal, reached more than two weeks ago, included $20 million in debtor-in-possession financing and an additional $35 million in financing if the Delaware bankruptcy court approved the transaction. Still to be negotiated was exactly how much of a stake New Valley and Globalstar`s creditors would own once the company emerged from bankruptcy.

The Miami-based New Valley, which is part owned by Vector Group Ltd. (NYSE:VGR - News), said it would continue to seek opportunities to acquire additional companies. Globalstar would have been New Valley`s first investment in a telecommunications service provider.

Globalstar was set up by Loral Space & Communications Ltd. (NYSE:LOR - News) and Qualcomm Inc. (NasdaqNM:QCOM - News) in 1994 to offer satellite-based mobile telephone services to business customers but fell on hard times as demand for its services was much smaller then expected.

It defaulted on loans to its founding companies in early 2001 and filed for bankruptcy protection in Feb. 2002.

In November Globalstar said it had only about $22.6 million cash on hand at the end of September and it would need debtor-in-possession financing in order to complete its Chapter 11 restructuring process.

Globalstar`s restructuring follows the high-profile failure of another satellite telephone venture, Iridium LLC, which was founded by Motorola Inc. (NYSE:MOT - News). Iridium filed for bankruptcy in 1999. Its assets were bought for $25 million in Dec. 2000.

[Gatsby2]

Press Release Source: Globalstar


Globalstar Resumes Discussions With Potential Investors
Thursday January 30, 12:46 pm ET


SAN JOSE, Calif.--(BUSINESS WIRE)--Jan. 30, 2003--Globalstar, L.P. confirmed today that New Valley Corp. has terminated its agreement with Globalstar under which it would have provided debtor-in-possession ("DIP") financing and would have acquired a controlling interest in the company.
Globalstar is now continuing discussions with potential investors, and the company is confident that another restructuring plan will be developed in the future. Members of the Globalstar Creditors Committee have already indicated that they intend to provide their own debtor-in-possession financing. Globalstar also will immediately begin to explore investment possibilities with additional companies.

Globalstar is a provider of global mobile satellite telecommunications services, offering both voice and data services from virtually anywhere in over 100 countries around the world. For more information, visit Globalstar`s web site at http://www.globalstar.com.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements provide our expectations or forecasts of future events. Actual results could differ materially as a result of known or unknown risks and uncertainties and other factors, including our ability to secure sufficient funding under credit facilities or from other sources, to restructure our debt, the acceleration of existing debt facilities and the exercise of remedies with respect thereto, and other risks, uncertainties and factors disclosed in the most recent report on Form 10-K and reports on Form 10-Q and Forms 8-K of Globalstar Telecommunications Ltd. and Globalstar, L.P. filed with the Securities and Exchange Commission. We undertake no obligation to update any forward-looking statement.



--------------------------------------------------------------------------------
Contact:
Globalstar
Media:
Mac Jeffery, 212/338-5383
or
Investors:
The Abernathy MacGregor Group
877/566-7607



--------------------------------------------------------------------------------
Source: Globalstar

[Gatsby2]

Das also dürfte der Grund gewesen sein, warum der Gläubigerausschuß von G* das Angebot von New Valley verworfen hat:

FOR IMMEDIATE RELEASE: NEWS MEDIA CONTACT:
January 30, 2003 Linda L. Haller at 202-418-1408
FLEXIBILITY GRANTED FOR MOBILE SATELLITE SERVICES
Washington, D.C. -- The Commission has decided to permit certain mobile satellite
services (MSS) providers in three frequency bands to provide an ancillary terrestrial component
(ATC) to their satellite systems. This new approach permits MSS licensees to integrate ancillary
terrestrial components into their MSS networks. Specifically, it allows MSS operators to seek
authority to integrate ATC into their networks for the purpose of enhancing their ability to offer
high-quality, affordable mobile services on land, in the air and over oceans without using any
additional spectrum resources beyond spectrum already allocated and authorized by the
Commission for MSS in these bands.
The Commission’s Order is the culmination of a complex proceeding involving a Notice
of Proposed Rulemaking and petitions by outside parties in which the Commission sought and
received comment on various alternatives regarding terrestrial and satellite use of MSS spectrum.
The decision covers three spectrum bands: 2GHz, Big LEO and L-band.
The Commission concluded that technically it would be more efficient, feasible and
practical to permit MSS licensees to include a terrestrial component in their satellite systems to
serve consumers, than to award terrestrial rights in the band to third parties. Its decision
balances the traditional goals of effective and efficient use of spectrum with preserving the
optimal amount of spectrum for the provision of international satellite services. The
Commission found that granting shared usage of the same MSS frequency band to separate MSS
and terrestrial operators would likely compromise the effectiveness of both systems. The
Commission found that permitting MSS ATC in the manner prescribed in the Order should: (1)
increase the efficiency of spectrum use through MSS network integration and terrestrial reuse
and permit better coverage in areas that MSS providers could not otherwise serve; (2) provide
additional communications that may enhance public protection; and (3) provide new services in
the markets served by MSS.
Thus, it concluded that making ATC available to licensed MSS
operators better serves the public interest than the more limited and technically difficult prospect
of attempting to share the MSS spectrum and that grant of ATC, therefore, appears to best
balance competing public interest goals.
The Commission’s authorization of ATC for these MSS bands is subject to conditions
that ensure the integrity of the underlying MSS offering and that these services will not become a
stand-alone terrestrial service. Specifically, to include ATC in their satellite systems, the MSS
operators must:
• launch and operate their own satellite facilities;
• provide substantial satellite service to the public;
• demonstrate compliance with geographic and temporal satellite coverage requirements;
• demonstrate that the satellite system’s ATC will operate only within the licensee’s “core”
MSS spectrum;
• limit ATC operations only to the satellite system’s authorized footprint;
• require that satellite licensees provide an integrated MSS and ATC service; for example by
making an affirmative showing that the MSS licenses uses a dual mode handset to provide
the proposed ATC service;
• not offer a terrestrial only service to consumers;
• obtain handset certification for MSS ATC devices under the equipment authorization
process contained in Part 2 of the Commission’s rules.
No ATC operations would be permitted until an MSS licensee filed an application with the FCC
demonstrating compliance with these requirements. Once the FCC grants an application,
terrestrial operations may commence. These requirements are designed to ensure that MSS
operators whose systems include a terrestrial component will continue to provide a substantially
satellite service and that the terrestrial component is offered only on an ancillary basis.
The Commission also has adopted technical rules to mitigate the possibility of
interference. In the 2 GHz band, the Commission adopted stringent out of band emissions
limitations to protect against the possibility of interference to adjacent services including PCS.
In the L-band, the Commission limited the number of base stations that could be deployed and a
phase-in period of 18 months before the maximum number of stations could be deployed to
protect against the possibility of interference to Inmarsat.
In the Big LEO band, the Commission adopted an Notice of Proposed Rulemaking
seeking comment on redistributing spectrum in the Big LEO band between two Big LEO
licensees, Iridium and Globalstar. To expedite the decision-making process the Commission
adopted a short comment cycle, requiring comments to be filed within 30 days of publication in
the Federal Register and reply comments to be filed within 15 days thereafter. The Commission
tentatively concluded that a rebalancing of the Big LEO band plan will serve the public interest
and stated its intention to proceed expeditiously. The Commission noted that it may be
necessary and in the public interest to condition a grant of ATC authority that would preserve a
full range of options concerning the Big LEO band plan and that would permit grant to Iridium
of interim access to additional spectrum pending resolution of the further notice.
Action by the Commission January 29, 2003, by Report and Order and Notice of
Proposed Rulemaking (FCC 03-15). Chairman Powell, Commissioners Abernathy, Martin and
Adelstein with Commissioner Copps approving in part, dissenting in part and Chairman Powell,
Commissioners Abernathy, Copps and Adelstein issuing statements.
- FCC -
Contacts: Robin Pence, Office of Media Relations (202-418-0505, [e-mail]); James
Ball, International Bureau (202-418-0427, [e-mail]).
IB Docket No. 01-185; 02-364.

[Dutchcapital]

Hallo, siehst Du denn da noch einen Hoffnungsschimmer ? Sämtliche Projekte liegen doch ad acta, ich seh da keine Chance.
Dutch

[Gatsby2]

Das Netzwerk dürfte einiges mehr wert sein, als New Valley dafür geboten hat, und seit Einstellung des Projektes Teledesic ist Konkurrenz auch sobald nicht zu erwarten (Iridium liegt technisch erheblich zurück).

Dementsprechend steht und fällt die G*-Aktie mit dem Ausgang des Entschuldungsverfahrens. Klar dürfte sein, daß eine schuldenfreie Globalstar ein durchaus werthaltiges Papier ist. Bloß: werden diese Aktien noch was davon haben?

Immerhin sind es keine Beteiligungen unmittelbar an G*, sondern nur Anteile an einer AG, die ihrerseits in eine AG & Co. integriert ist. Dementsprechend wären die Dingen nach dem Vorschlag von New Valley, der keine Zuteilung neuer Aktien an die Altaktionäre fast wertlos gewesen. Fast deshalb, weil sie immerhin noch Bezugsoptionen (keine Bezugsrecht) auf neue Aktien verkörpert hätten.

Aber dieses Angebot war dem Gläubigerausschuß offenbar zu schlecht.

Insgesamt ist Globalstar m.E. ein absolutes Zockerpapier mit hoher Aussicht auf Totalverlust. Sollten die Altaktionäre tatsächlich noch mit echten Bezugsrechten entschädigt werden, dürfte es einen kurzen, aber heftigen Kursanstieg geben, und dann nix wie raus.

[Dutchcapital]

Danke für die Info. Iridium läuft aber und die haben hier zwei Vertriebspartner, ob sie Umsätze machen, weiss ich nicht, aber die werden hauptsächlich in der Schiffahrt eingesetzt. Sollte es in der Golfregion rappeln geht die Kommunikation über Sat.-telefone, das sollte wieder auftrieb geben. Wollen wirs aber nicht hoffen.
Ist auf meiner Watchlist.
Gruß
Dutch

[Gatsby2]

So gesehen klingt es besser:

Good news kills Globalstar deal


By Ben Charny
Staff Writer, CNET News.com
February 3, 2003, 2:28 PM PT


A federal ruling to give satellite phone customers room on cell phone networks has forced bankrupt satellite phone provider Globalstar Telecommunications to nix a deal for $55 million in new funding.
Globalstar representative Mac Jeffery said Monday that the recent Federal Communications Commission decision was a classic case of good news and bad news all in one package. Globalstar was the lead proponent of forcing cellular carriers to open up their networks to satellite phone providers, one way to help satellite companies better cover areas such as a city`s glass and steel canyons, where satellite phone signals get lost.

But the ruling also raises the potential value of the company beyond what`s represented by a recent $55 million funding offer from New Valley, real estate financier Bennett LeBow`s venture capital firm, according to Jeffery. As a result, the creditors committee overseeing Globalstar financial dealings since the company filed for bankruptcy did not approve the New Valley funding, Jeffery said.



"The creditors committee believed they could get a better deal," Jeffery said, adding that Globalstar investors are ready to pump in another $12 million in funding to help the company operate while it seeks a larger investment.

A representative for New Valley could not be reached for comment Monday.

Last week, the FCC issued its long-awaited decision that opens up cell phone networks to satellite phone calls.

Jeffery said Globalstar is now exploring its next steps: either to build its own cellular phone network in areas where its coverage is lacking or to partner with existing a cell phone service provider. He said the company has yet to decide which route to take.

Satellite phone companies were launched with a lot of fanfare in the 1990s, but have since become symbols of billion-dollar investments gone bad. Though satellite phones rarely experience the dropped calls or lost e-mail that cell phone users complain about, the comparatively bulky handsets and expensive calls--about $6 a minute at the time--kept many people from choosing satellite service. Globalstar and other satellite phone companies have recently dropped the cost of phone calls to less than $1 a minute.

Globalstar rival Iridium filed for bankruptcy in 1999. Iridium eventually restructured and relaunched its service.

[Gatsby2]

Reuters
Globalstar says has deal for $10 mln DIP financing
Monday February 17, 2:04 pm ET


SAN JOSE, Calif. Feb 17 (Reuters) - Satellite phone service provider Globalstar on Monday said it had reached a preliminary deal with lenders for a $10 million interim debtor-in-possession (DIP) financing as the company tries to emerge from bankruptcy.

The credit, still subject to court approval, will be provided by five lenders, three of whom are members of the official committee of unsecured creditors of Globalstar, the company said in a news release.

A company spokesman said Globalstar was scheduled for a bankruptcy court hearing on Tuesday and that it would receive the new funds "very soon." He also said it was "extremely likely" that the company could reach additional funding deals within weeks.

On Jan. 30, Globalstar said it was resuming talks with potential investors after New Valley Corp. (NasdaqSC:NVAL - News) ended a deal to invest $55 million in the company.

At that time, the company said members of its creditor committee planned to provide it with $12 million in DIP financing. The move was expected to give the company more time to talk to other investors and cover its funding needs for about three extra months.

Globalstar was set up by Loral Space & Communications Ltd. (NYSE:LOR - News) and Qualcomm Inc. (NasdaqNM:QCOM - News) in 1994 to offer satellite-based mobile telephone services to business customers but fell on hard times as demand for its services was much smaller than expected.

It defaulted on loans to its founding companies in early 2001 and filed for bankruptcy protection in February 2002.

The U.S. Federal Communications Commission (News - Websites) recently said it would allow satellite providers to combine wireless services with their own. "The recent ruling by the FCC ... was a significant development for our business," Globalstar chairman Olof Lundberg said in Monday`s release.

"We believe that this ruling, together with our record of continuing growth despite challenging circumstances, has helped to attract the interest of potential new investors, and that this new financing agreement will be an important step toward our successful emergence from bankruptcy."

[Gatsby2]

Reuters
Globalstar: Bankruptcy Court OKs Financing
Friday February 21, 12:51 pm ET


SAN JOSE, Calif. (Reuters) - Globalstar LP, a satellite telephone service provider, said on Friday a Delaware bankruptcy court has granted on an interim basis its motion to obtain $10 million of so-called debtor-in-possession financing to help run its business.

Globalstar said the Wilmington, Delaware court has authorized the company to borrow up to $4 million and scheduled a March 6 final hearing to consider the financing package. The company said on Monday that five lenders, three of whom are members of its official unsecured creditors committee, are providing the financing.

The company also said the court granted its motion to establish a process to find potential outside investors to help the company emerge from bankruptcy. It expects to select a winning bidder on or about April 2.

Globalstar was set up in 1994 by New York-based Loral Space & Communications Ltd. (NYSE:LOR - News) to offer satellite-based mobile telephone services to businesses. The company fell on hard times as demand for its services fell short of expectations.

Globalstar sought bankruptcy protection in Feb. 2002.

[Gatsby2]

Press Release Source: Globalstar


Globalstar Introduces Data Monitoring Service in North America
Wednesday March 12, 9:03 am ET
Automated Asset Tracking and Remote Meter Reading Now Available At Exceptionally Low Cost


SAN JOSE, Calif., March 12 /PRNewswire/ -- Globalstar, the world`s most widely-used handheld satellite phone service, today announced commercial availability of a new, very-low-cost data monitoring and acquisition service for asset tracking and sensory telemetry monitoring.
The new service, which uses palm-size simplex modems developed in cooperation with AeroAstro, Inc., is now available across eastern regions of the U.S. and Canada, and will be introduced across virtually all continental regions in these two countries by the end of March. Globalstar is also already working to extend this service to other areas of the world, beginning with parts of Europe and the North Atlantic Ocean, where service is expected to begin by mid-year.

Over 400 simplex modems are now being placed into active service with a first group of customers in two important industrial applications:

-- Asset tracking: Globalstar AeroAstro simplex modems attached to cargo
containers will track their location as they are hauled by truck or
rail around North America. Global positioning system (GPS) information
on each container is automatically sent back to a central control
office via Globalstar`s satellite constellation, allowing the customer
to track the position of its container fleet in real time, even when
the containers are in remote locations.
-- Meter reading: Globalstar AeroAstro modems attached to liquefied
petroleum gas (LPG) tanks in both the U.S. and Canada will
automatically alert the gas supply company whenever tanks are running
low of fuel. Fuel deliveries can now be made precisely when needed
without relying on manual meter reading.


"These new data modems are ready to revolutionize the economics of asset tracking and remote sensing," said Paul Thomas, Globalstar`s vice president of data services. "Globalstar already provides inexpensive satellite communications service from remote locations, and when combined with our low-cost simplex modem, our system can provide data services that are exceptionally cost-effective across a wide range of applications."

The Globalstar simplex modem unit is now available through the company`s network of value-added resellers, who package the modems with housings and sensors specifically designed for a wide range of industrial applications, including:

LPG monitoring from Globalstar reseller Xtero Datacom Inc.
Tractor and trailer tracking from iNet-Blue Corporation.
Asset tracking and remote monitoring from AeroAstro, Inc.
High-security mobile asset tracking from SARS, Inc.
Emergency messages from automobiles from Auto-Bolt Security Systems
Additionally, an integrated asset tracking product, which comprises a Globalstar AeroAstro simplex modem unit along with batteries and antenna in a single package, is available from Axonn LLC for use in customized solutions.

Globalstar expects to continue expanding its network of resellers in the near future to serve a wide range of industries such as pipeline monitoring, oil and gas pumping stations, and utility meter reading.

The new modem allows data to be sent at regular pre-set intervals and/or whenever a specific event, such as a rise in temperature or the opening of a lock, triggers an external sensor. The data is sent by the modem over the Globalstar satellite network and then transmitted to the customer`s data collection facility via the Internet.

For example, the new Globalstar AeroAstro simplex modem makes it possible to economically monitor pipeline conditions such as pressure and throughput, at regular intervals and in real-time across a field or across a continent, allowing extremely rapid notification of a pipeline break or other anomaly. For shippers, the modems can provide the location of their containers, affording immediate notification of any emergency situations.

With these features, assets may be tracked even in very remote locations, and, if coordinated with customs officials and electronic locks to create a bonded security environment, these modems can also be used to streamline freight traffic at international border crossings.

More information on Globalstar`s network of value-added resellers may be found on their respective websites:

AeroAstro, Inc.: http://www.aeroastro.com
Auto-Bolt Security Systems: http://www.autobolt.com
Axonn LLC: http://www.axonn.com
iNet-Blue Corporation: http://www.inet-blue.com
SARS, Inc.: http://www.sarsinc.com
Xtero Datacom Inc.: http://www.xtero.com
Globalstar is a provider of global mobile satellite telecommunications services, offering both voice and data services from virtually anywhere in over 100 countries around the world. For more information, visit Globalstar`s website at http://www.globalstar.com

AeroAstro, a pioneer of miniature spacecraft design and manufacturing, is today a leading innovator of high-technology components for spacecraft and communications systems. For more information, visit AeroAstro`s website at http://www.aeroastro.com

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Press Release Source: Globalstar


Globalstar Introduces New, Low-Cost Fixed Satellite Phone Unit
Tuesday March 18, 8:53 am ET
An Economical Communications Solution for Remote Communities And Business Operations


SAN JOSE, Calif., March 18 /PRNewswire/ -- Globalstar, the world`s most widely-used handheld satellite phone, today is introducing a new fixed phone unit in the U.S., offering dependable satellite voice communications at roughly half the price of the company`s earlier fixed units.

The Globalstar FAU-200, manufactured by Ericsson, is a weather-proof fixed phone unit that can be installed in virtually any outdoor location, such as on the side of a building or on a stand-alone post. When attached to a power supply and a conventional telephone handset, the FAU-200 provides immediate access to Globalstar`s satellite telephone network, providing reliable voice communications, even from remote locations far from any cellular or hardwire telephone network.

"Businesses such as mining and petroleum exploration have extensive operations in distant locations where little, if any, ground-based telephone service exists," said Peter White, Globalstar vice president of North American sales. "The FAU-200 offers them reliable phone capability, both indoors and outdoors, in a remarkably low-cost package.

"In addition, remote communities can turn to the FAU-200 for shared public use," Mr. White added. "Across the country today, there are enormous numbers of people living in areas with no regular telephone service -- a potentially dangerous situation in the event of an emergency. In these environments, our fixed unit could be an ideal, economical solution."

The FAU-200, which carries a list price in the U.S. of $999, can operate in extreme temperatures and environments, and each device can support up to three separate phone units, either hardwire or cordless, on a single line. Unlike earlier-generation satellite phones which required bulky directional antennas, the Globalstar FAU-200, like all Globalstar phones, has an omni-directional antenna that requires no calibration or aiming at all.

The Globalstar FAU-200 is type approved in the United States, the European Union and other countries, and it is registered with the International Telecommunication Union under the ITU`s "GMPCS Memorandum of Understanding."

Globalstar is a provider of global mobile satellite telecommunications services, offering both voice and data services from virtually anywhere in over 100 countries around the world. For more information, visit Globalstar`s website at http://www.globalstar.com

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Reuters
Globalstar slects Thermo Capital as equity investor
Friday April 4, 3:05 pm ET


SAN FRANCISCO, April 4 (Reuters) - Satellite phone service Globalstar on Friday said that Thermo Capital Partners has won the auction to be the equity investor who will fund it toward the completion of its Chapter 11 bankruptcy process.

The plan, subject to bankruptcy court approval, calls for Thermo to invest up to $55 million in Globalstar, in exchange for a 67 percent stake in the company. The remainder of the equity in the San Jose, California, firm would be held by the company`s creditors, including Loral Space & Communications Ltd. (NYSE:LOR - News), Qualcomm Inc (NasdaqNM:QCOM - News) and Globalstar LP bondholders.

Thermal Capital Partners is a unit of Thermo Cos., a privately held group of companies in the telecommunications, power generation, natural resources and real estate industries.