Message-ID: <8863965.1075845223578.JavaMail.evans@thyme>
Date: Tue, 5 Jun 2001 13:46:20 -0700 (PDT)
From: alerts@alerts.equityalert.com.simbra.net
To: alewis@ect.enron.com
Subject: Your News Alert for GSTRF
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[IMAGE]=09[IMAGE]=09[IMAGE]=09


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=09  As requested, your News Alert for GSTRF  follows from EquityAlert.com.=
    Globalstar Telecommunications Limited Stock to be Delisted From Nasdaq =
National Market; Application Submitted for Listing on Nasdaq SmallCap Marke=
t   NEW YORK, Jun 5, 2001 (BUSINESS WIRE) -- Globalstar Telecommunications =
Limited (NASDAQ:GSTRF) today announced that, on May 31, 2001, it received a=
 Nasdaq Staff Determination indicating that the Company no longer complies =
with the Minimum Bid Price requirements for continued listing set forth in =
Market Place Rule 4450(a)(5) and that it is therefore subject to delisting =
from the Nasdaq National Market.   The Company has applied to transition it=
s listing to the Nasdaq SmallCap Market, and, accordingly, delisting from t=
he Nasdaq National Market has been stayed until a final determination regar=
ding its application is made. There can be no assurance that the Company's =
application for listing on the Nasdaq SmallCap Market will be approved. If =
it is not approved, the Company's listing will be transferred to the Over-T=
he-Counter Bulletin Board, a regulated quotation service that offers real-t=
ime quotes, last-sale prices and volume information on selected over-the-co=
unter equity securities.   CONTACT:          Globalstar Telecommunications =
Limited                   Mac Jeffery, 212/338-5383                   or   =
                The Abernathy MacGregor Group                   Michael Pas=
cale, 212/371-5999 URL:              http://www.businesswire.com Today's Ne=
ws On The Net - Business Wire's full file on the Internet with Hyperlinks t=
o your home page.  Copyright (C) 2001 Business Wire.  All rights reserved. =
 -0-   KEYWORD:          NEW YORK INDUSTRY KEYWORD: TELECOMMUNICATIONS     =
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