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Form 4 Oracle: Boston, MA -- Form4Oracle: Insider Trading Report: Globalstar, Inc. (GSAT)

Tue. December 16, 2008; Posted: 06:42 AM
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Look up the PowerRating of GSAT and see how it has performed over the past week as well as the current proprietary PowerRating.

Dec 16, 2008 (M2 PRESSWIRE via COMTEX) -- GSAT | Quote | Chart | News | PowerRating -- As the stock was trading at less than 50 percent of its 52-week high, Monroe James III, Chief Executive Officer at Globalstar, Inc. (GSAT) has reported buying $2.51M today.This purchase has increased overall holdings of Monroe James III, Chief Executive Officer in Globalstar, Inc. by 21%.For a current, real-time summary of GSAT insider activity, visit http://www.form4oracle.com/company?cik=0001366868&ticker=GSAT

About Form4Oracle

Form4Oracle, LLC specializes in distributing insider trading information published by the SEC, making it accessible and actionable for all types of investors. To learn more about how tracking insider trading activity can improve your investment returns, visit http://www.form4oracle.com.

About Globalstar, Inc.

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.

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The companies referenced in this report have not approved the statements made in this report. This report contains statements that imply risks and uncertainties. This material is for informational reporting purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Form4Oracle is not a licensed broker, broker dealer, market maker, investment banker, investment adviser, analyst or underwriter and is not compensated in this regard.

Please consult your broker to understand investing benefits and risks and prior to purchasing any securities mentioned herein.

CONTACT: Kimberly Sutton, Form4Oracle Tel: +1 312 315 5077 e-mail: kimberly@form4oracle.com WWW: http://www.form4oracle.com

M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.

For full details for GSAT click here.

    


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