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Globalstar Revenue, Profits Fall In Second Quarter

Submit on Friday, August 17th, 2007 11:00

Globalstar Inc. reported a gain in subscribers in the 2007 second quarter but posted a larger loss as revenues declined, the company announced Aug. 14. Total revenue in the second quarter of 2007 was $25.8 million compared to $38.4 million during the same period in 2006. Revenue for the first half of 2007…

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