Globalstar declares its ability to raise much-needed cash

Article Abstract:

Although Wall Street is concerned about the lack of Globalstar's operating profits, the telecommunications company has assured analysts that it will have no problem raising the funds needed. Globalstar's stock price has dropped almost 90% since the beginning of the year and has had mush competition from companies like Iridium and ICO Global Communications. Loral Space & Communications Ltd., founder of Globalstar, stated that it will not bail the company out if it gets into more financial trouble.

Company financing

---

Qualcomm reports $44.5 million loss, forecasts growth

Article Abstract:

Qualcomm Inc. is hit with a $44.5 million net fourth-quarter loss, 6 cents a share and revenue at $651 million (analysts predicted $692 millioni). The company reports that it would have 20-cent-a-share earnings excluding charges relating to investment in Globalstar Telecommunications. Qualcomm was also hit by its decision not to accrue interest on loans by Mexican company, Pegaso which is awaiting a possible merger. Qualcomm predicts revenue would rise between 5% and 10% in its fourth quarter.

Radiotelephone communications, Cellular and Other Wireless Telecommunications, Radio & TV communications equipment, Mobile Radio Services, Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing, Satellite Telecommunications, Cable and other pay TV services, Mobile Radio Systems, Satellite Voice Communications, Reports, Wireless communications, Telecommunications equipment industry, Wireless communications services, QUALCOMM Inc., QCOM, Satellite communications services industry, Satellite telephony, Thornley, Tony

---

SBC cuts estimates, hurting shares of other bells

Article Abstract:

SBC Communications cut its revenue earnings forecasts for 2001 due to a slowing economy. The lowered forecasts have affected the share price of other Baby Bells.

AT&T Inc., SBC

Similar abstracts:

• Abstracts: Globalstar posts $1.77 billion loss, hurting Loral. GM close to decision on its Hughes unit. Globalstar loss triggers questions over service
• Abstracts: Global Crossing claims theft, sues Tyco unit. Tyco to buy Lucent power unit for $2.5 billion
• Abstracts: CompuServe unveils new Web service in bid to stem losses, retain subscribers. Web sites revive fading handicrafts
• Abstracts: Palm's founders to get IPO - at Handspring. Handspring hopes VisorPhone is 'killer app'. Handspring meets analysts' forecasts as revenue soars
• Abstracts: Motorola's 'Silent Bill' arrives via e-mail. U.K. firm touts Timberland as U.S. icon. CSFB creates a new brand personality

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.