BUSINESS/FINANCIAL DESK | April 16, 2004, Friday

Technology Briefing | Telecommunications: Globalstar Emerges From Bankruptcy

By BARNABY J. FEDER (NYT) (NYT) 200 words
Late Edition - Final , Section C , Page 3 , Column 3

DISPLAYING FIRST 50 OF 200 WORDS - Globalstar, the $4 billion satellite phone system begun by a partnership led by Qualcomm and Loral Space and Communications, said yesterday that it had emerged from bankruptcy. Its new owners, Thermo Capital Partners, paid $43 million for 81.25 percent of its stock, with the remainder being divided among former bondholders,...

 

Source : http://www.nytimes.com/

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