Earnings Call Excerpt
Globalstar Inc. (GSAT)
Q3 2008 Earnings Call
November 10, 2008 5:00 pm ET
Executives
James Monroe III – Chairman, Chief Executive Officer
Fuad Ahmad – Senior Vice President, Chief Financial Officer
Thomas M. Colby – Chief Operating Officer
Anthony J. Navarra – President of Global Operations
Analysts
James Cox – Private Investor
[Joel Miller – Marion Group]
Presentation
Operator
Good day ladies and gentlemen and welcome to the third quarter 2008 Globalstar Incorporated earnings conference call. My name is Melanie and I’ll be your coordinator today. (Operator Instructions) I would now like to turn the call over to Mr. Dean Hirasawa, Director of Public and Investor Relations. Please proceed.
Dean Hirasawa
Good afternoon everyone. Thank you for joining us for today’s conference call to discuss the results for Globalstar, Inc. for the quarter and nine months ended September 30, 2008.
Before we begin, please note the following. This call may contain forward-looking statements within the meaning of Federal Securities law. Factors that could cause results to differ materially are described in safe harbor section of today’s press release and in Globalstar’s SEC filings including the quarterly report on Form 10-Q for the three months ended September 30, 2008 which is being filed today.
Both the press release and the conference call include discussions of certain non-GAAP financial measures as defined under SEC rules. We have provided a reconciliation of each of these non-GAAP measures to the most comparable GAAP measure in the press release. Please note that the information in this call is accurate only as of the date of this live teleconference which is Monday, November 10, 2008.
Today’s press release containing certain financial information is available on the company’s website at www.Globalstar.com. Later this afternoon an audio recording of this conference call will be available via telephone dial-in and a webcast recording will also be made available on the company’s website.
Presenting this afternoon will be Mr. Jay Monroe, Chairman and CEO of Globalstar Inc.; Mr.
Thomas Colby, Chief Operating Officer; Mr. Fuad Ahmad, Senior Vice President and CFO; and Mr. Tony Navarra, President of Global Operations. All four gentlemen will be available following the prepared remarks to take questions. At this time I would like to turn the call over to Mr. Monroe.
James Monroe III
Thank you Dean and thanks for joining the call today for Globalstar’s quarterly earnings call. With just over 60 days to go before beginning the qualification testing of our initial second generation satellites and about 10 months to go before our scheduled first launch, we continue to make progress on many fronts.
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