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| | Wired News: Globalstar's Shaky Fiscal Ground? |
 | | Globalstar, which is backed by Loral Space & Communications Ltd., drew down the credit line, which is set up in the form of a Chase bank facility expiring June 30, C.E. Unterberg, Towbin analyst William Kidd said in a research report. |
 | | A spokesman for Globalstar said the company was still comfortable with a previous statement that it will have a cash shortfall of $160 million this year, not counting the credit facility. |
 | | Globalstar (GSTRF) shares were up 1/16 at 8-7/16 in afternoon trading on Nasdaq, near the low end of a 5-13/16 to 53-3/4 year range. |
| www.wired.com /news/0,1713,37298,00.html (777 words) |
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