The Hedgehog Weekly Market  Overview  is  building  a  market  support 
group.  The  group  would share its market knowledge and ideas via the 
Weekly Market Overview MSN Group.  Working the markets takes a lot  of 
time  and  energy  that  many  of  us  may not be able to bring to the 
battle.  It makes sense to network our resources.  There is no cost to 
join but members must be serious about participating  with the group.  

The primary SCW watchlist focus  is on small and micro cap stocks.
This week we look at Globalstar Inc. (NASDAQ: GSAT - $2.58). 
The editor may hold a position in these stocks. 

"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 
headquartered in Milpitas,  California." - Reuters Abridged Business & 
Financial Summary 

Editors Notes:
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