GSAT - Sector: Technology---Industry: Wireless Communications

[setravis]

Profile:  



Globalstar Inc.
461 South Milpitas Boulevard
Building 5
Milpitas, CA 95035
United States - Map
Phone: 408-933-4000
Fax: 408-933-4100
Web Site: http://www.globalstar.com

DETAILS  
Index Membership: N/A
Sector: Technology
Industry: Wireless Communications
Full Time Employees: 330


BUSINESS SUMMARY  
Globalstar, Inc. provides mobile voice and data communications services through satellite. The company's services include mobile voice and fixed voice communications, data satellite communications, satellite data modem, and personal asset tracking and remote monitoring. Its products comprise voice and data equipment, emergency management communications systems, and maritime Wavecall 3000 and Wavecall MCM3; data-only equipment, including satellite data modem model GSP-1620 duplex data devices, multi-channel modems, and QUALCOMM GSP-1720 satellite voice and data modems; and SPOT satellite messenger. Globalstar holds licenses to operate a wireless communications network through satellites over 27.85 MHz in two blocks of global radio frequency spectrum. As of December 31, 2007, it had approximately 48 in-orbit satellites and 25 ground stations, which are referred as gateways. Globalstar offers its products and services through distribution managers, agents, and dealers; and resellers, including independent gateway operators, as well as through Internet. It serves oil and gas, government, mining, forestry, commercial fishing, utilities, military, transportation, heavy construction, emergency preparedness, and business continuity sectors, as well as individual recreational users. The company was founded in 2003 and is based in Milpitas, California.

[setravis]

GREENWOOD VILLAGE, Colo., Jan 09, 2009 (BUSINESS WIRE) -- --This Private Investment Activates $267 Million Broadband Access Loan from the United States Department of Agriculture's Rural Development Utilities Program (RDUP) that Will Enable Q4 Launch

Open Range Communications, a wireless broadband services provider to rural America, today announced an investment of $100 million from One Equity Partners (OEP), the private equity arm of JPMorgan Chase & Co. (JPM, Trade). In March 2008, the United States Department of Agriculture's Rural Development Utilities Program (RDUP) approved a $267 million Broadband Access Loan for Open Range, with the prerequisite that private financing also be secured. The OEP investment satisfies the RDUP's loan terms, making the funds available to Open Range.

Open Range's Broadband Rollout

The funding enables Open Range to launch affordable high-speed broadband Internet and voice services to more than six million citizens in 546 underserved and rural communities, using WiMAX technology, within five years. Open Range will lease mobile satellite spectrum from Globalstar, Inc. (GSAT, Trade) under Ancillary Terrestrial Component (ATC) authority granted by the Federal Communications Commission in October 2008.

"The timing of our initiative couldn't be better," said Bill Beans, Jr., Chairman, CEO and Founder of Open Range. "The success of this financing is a testament to the powerful opportunity offered by the promise of WiMAX technology, the strength of my team and our resolve to execute on the plan for wireless broadband in rural America. We consider this a brilliant achievement in what is clearly one of the most challenging financing markets in recent history. The Open Range project demonstrates the forethought and vision of our partners at One Equity Partners and the USDA's Rural Development team."

"Open Range's approach to rural broadband deployment is both innovative and strategic. We believe that delivering broadband Internet access to underserved communities meets a critical need at a critical time in the United States," said David Walsh, Managing Director of One Equity Partners. "We are thrilled to be partnering with Bill and his team."

No Manual Required

Open Range's services require no home installation, no awkward and unsightly rooftop antennae, no technicians and simple plug-in hardware setup to initiate service. Customers simply connect an Open Range Simply Easier(sm) device to a desktop or laptop computer for instant, portable, dependable and low-cost access to the Internet. In most communities network equipment will be located on existing towers.

Open Range's WiMAX service also lends itself to a variety of innovative public safety and commercial applications, including municipal traffic control and automatic meter reading.

Partners on the Range

In late 2007, Open Range signed an agreement with Globalstar, Inc. allowing it to deploy wireless broadband service in rural communities using Globalstar's Ancillary Terrestrial Component (ATC) authority. The agreement contemplates using the Globalstar spectrum to offer dual mode wireless broadband services to more than 500 communities that do not have adequate access to broadband voice and Internet services.

RBC Daniels, a division of RBC Capital Markets Corporation, served as financial advisor to Open Range in the arrangement of its funding and the formation of its spectrum partnership with Globalstar. Specializing in financial services to the cable, telecommunications, media and technology industries worldwide, RBC Daniels assists clients with mergers and acquisitions, public and private equity and debt financings, and financial advisory engagements.

About One Equity Partners

Established in 2001, One Equity Partners manages $8 billion of investments and commitments for JPMorgan Chase & Co. in direct private equity transactions. Partnering with management, One Equity Partners invests in transactions that initiate strategic and operational changes in businesses to create long-term value. One Equity Partners' investment professionals are located across North America, Europe and Asia, with offices in New York, Chicago, Menlo Park, Frankfurt and Hong Kong. In recent years, One Equity Partners has invested approximately $3.5 billion to acquire over thirty companies in a variety of industries including defense, chemicals, healthcare, technology and manufacturing. Visit www.oneequity.com for more information.

About Open Range

Open Range is a broadband wireless provider using WiMAX technology to deliver wireless broadband to un-served and underserved rural American communities. Open Range plans to deliver portable and eventually mobile voice and Internet services to customers within its robust WiMAX footprint. Within the next five years, Open Range intends to serve 546 communities, making its services initially available to approximately six million people. Open Range's wireless broadband network solution will connect customers through licensed spectrum, enabling communities to improve safety, economic growth, education, and quality of life and to remain competitive in the age of constant communications. For more information, visit www.openrangecomm.com.

SOURCE: Open Range Communications


 
Percepture, Inc.   
Thor Harris, 201-206-0903   
[email protected] 

Copyright Business Wire 2009

[setravis]

Press Release Source: SPOT Inc.


SPOT Creates Adventure Social Networking Site for Member Community
Thursday January 8, 7:00 am ET
SPOTadventures.com Offers Integrated Web Applications for Enhanced Online Experiences With SPOT Satellite GPS Messenger


LAS VEGAS, Jan. 8, 2009 (GLOBE NEWSWIRE) -- SPOT LLC, a wholly-owned subsidiary of Globalstar Inc. (NasdaqGS:GSAT - News) and a leader in personal satellite messaging and emergency communications, today announced it is previewing SPOTadventures.com, a new social networking site dedicated exclusively to the growing global SPOT Satellite GPS Messenger(tm) user community. SPOTadventures.com, scheduled to go live this spring, will offer SPOT users a free, interactive way to share their travel and outdoor experiences in real-time with others on the web.
SPOTadventures.com will offer a full-featured social network utilizing the latest Web 2.0 tools for uploading photos, videos, audio, text and maps to enhance subscribers' communication of their outdoor adventures in a robust and visual way. Instead of using different sites to host a photo gallery or write a blog, users can now create, manage and share content from one location at http://www.spotadventures.com.



SPOT's existing sharing feature was designed to simply allow subscribers to share SPOT GPS location points with others. Now with SPOTadventures.com, registered SPOT users can create a social hub of their outdoor experiences and take advantage of other online applications. Users can enhance their trips and adventures by overlaying their GPS waypoints on Google Maps(tm) or Google Earth(tm), upload geo-tagged photos and videos, allow friends to comment on recent trips, write trip blogs, send personal messages and much more, all managed by the user's personal profile page.

``SPOT's innovative technology and reliable satellite GPS messaging makes it the perfect device for sharing information in real-time from almost anywhere around the world, off-the-grid or just around town,'' said Darren Bassel, Director of Marketing for SPOT LLC. ``The GPS capabilities of SPOT are a cut above other GPS applications on the market today that can only deliver the location data via cellular or WiFi, limiting coverage to the wireless company's service area and customers. SPOT delivers information over a global satellite network. Now, SPOTadventures.com will truly provide our customers with the ultimate platform in building a social experience around geo-location data.''

Using SPOTadventures.com, SPOT subscribers can share their adventure information with personal contacts of their choice and other social networking sites like Facebook, Flickr and EveryTrail. All information is private or public based on personal settings delivered through a secured Web portal.

SPOT is showcasing its products and new services this week at the Consumer Electronics Show in booth number 5218 in the Tech Zone located in the North Hall of the Las Vegas Convention Center.

About SPOT LLC.

The SPOT Satellite Messenger, the world's first satellite messenger, uses both the GPS satellite network to determine a customer's location and the SPOT network to transmit that information to friends, family or an emergency service call center. SPOT LLC., a subsidiary of Globalstar, Inc. (NasdaqGS:GSAT - News), provides lifesaving communications technology that allows users to communicate from remote locations around the globe. Thanks to this affordable, cutting-edge personal safety device, the company offers people peace of mind by allowing customers to notify friends and family of their location and status, and to send for emergency assistance in time of need, completely independent of cellular phone or wireless coverage. For more information on how SPOT LLC. is helping users live to tell about it(SM)-- from disaster preparedness to outdoor adventure purposes -- visit http://www.findmespot.com.

CONTACT: Skyya Communications Susan Donahue (646) 454-9378 [email protected]; SPOT LLC Derek Moore (408) 933-4112 [email protected]




--------------------------------------------------------------------------------
Source: SPOT Inc.

[setravis]

Oversold...surge in volume.

52wk Range: 0.15 - 9.25
Volume: 2,442,129
Avg Vol (3m): 749,145

Technicals
Last Price Quote is:
46.31%above 13-day MA
-11.97%below 50-day MA
RS Rating: 6 

Fundamentals
Key Data:
Market Cap (M): $46.72 
P/E Ratio: 407.74 
PEG Ratio: N/A 
Next Earnings: 03/04/2009
Last Analyst Rating: N/A

[setravis]

updated chart look.......

[setravis]

updated chart scene.......

[setravis]

updated chart scene.......

[setravis]

updated chart scene.......



52wk Range: 0.15 - 7.70
Volume: 1,194,180
Avg Vol (3m): 592,185

Technicals
Last Price Quote is:
43.08%above 13-day MA
43.62%above 50-day MA
RS Rating: 97 

Fundamentals
Key Data:
Market Cap (M): $38.33 
P/E Ratio: 407.74 
PEG Ratio: N/A 
Next Earnings: 05/06/2009
Last Analyst Rating: N/A

[setravis]

GSAT - Momentum.......



52wk Range: 0.15 - 7.10
Volume: 835,521
Avg Vol (3m): 570,235

Technicals
Last Price Quote is:
29.67%above 13-day MA
45.37%above 50-day MA
RS Rating: 96 

Fundamentals
Key Data:
Market Cap (M): $46.71 
P/E Ratio: 407.74 
PEG Ratio: N/A 
Next Earnings: 05/06/2009
Last Analyst Rating: N/A

[setravis]

updated chart look...


52wk Range: 0.15 - 3.42
Volume: 1,860,111
Avg Vol (3m): 396,422

Technicals
Last Price Quote is:
56.39%above 13-day MA
123.08%above 50-day MA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $121.41 
P/E Ratio: 407.74 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: N/A

[setravis]

CUP WITH HANDEL...


52wk Range: 0.27 - 2.00
Volume: 582,661
Avg Vol (3m): 436,713


Technicals
Last Price Quote is:
12.34%above 13-day MA
27.83%above 50-day MA
RS Rating: 94 

Fundamentals
Key Data:
Market Cap (M): $213.01 
P/E Ratio: 407.74 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: N/A

1year and a 6 month charts below...