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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Globalstar Inc | AMEX:GSAT | AMEX | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.0099 | 0.77% | 1.2999 | 1.31 | 1.28 | 1.30 | 2,217,842 | 00:32:03 |
LOS ALTOS, Calif., Feb. 19, 2015 /PRNewswire/ -- In response to comments by James Monroe, CEO of Globalstar, Inc. (NYSE MKT: GSAT) disparaging Gerst Capital's technical criticism of TLPS, Gerst Capital published an open letter to CEO James Monroe.
This letter can be found in its entirety on Seeking Alpha. (http://seekingalpha.com/article/2930266-gerst-capital-challenges-globalstar-prove-tlps-will-work-on-iphone-6-apple-filings-say-no)
This letter challenges Globalstar to address the following points:
Globalstar has a history of making unsupported technical claims as is evidenced by the record (see full letter for additional ex parte quotes):
"The OTI and PK representatives mentioned their understanding that Globalstar has repeatedly refused overtures by Wi-Fi stakeholders to conduct cooperative and transparent testing."
- Open Technology Institute, FCC Notice of Ex Parte 2/13/2015
"Sprint's predecessor indicated its concern with the lack of technical information provided in the Petition.... Sprint is still concerned about the lack of technical specifications that have been provided on the record."
- Sprint Corporation, FCC Notice of Ex Parte, 5/5/2014
"Globalstar has provided little useful information upon which the impact of its proposed service could be assessed and that there remain serious questions about how a TLPS would be managed and controlled."
- Wi-Fi Alliance, FCC Notice of Ex Parte 11/3/2014
Gerst Capital invites Globalstar to discuss the technical merits of TLPS in a public forum.
Disclosure: The author is short GSAT.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/gerst-capital-challenges-globalstar-prove-tlps-will-work-on-iphone-6-apple-filings-say-no-300038832.html
SOURCE Gerst Capital
Copyright 2015 PR Newswire
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