San Diego, CA 7/16/2009 10:31:54 PM
TerreStar (TSTR) Satellite Success Not Enough for Investors
TerreStar Corporation now has it TerreStar-1 satellite in a geosynchronous orbit, but the stock's still suffering. Will the market need to see revenue first?
TerreStar Corporation (TSTR) shares are slumping today despite positive news that its broadband service satellite TerreStar-1 had been successfully positioned. Given the market's response to the news, investors may now be wondering if this stock, and satellite-based Internet service, actually offer enough risk-adjusted reward.
To read the full analytical review of TerreStar and its stock, please go to: www.smallcapnetwork.com/s/.
About TerreStar Corporation
TerreStar Corporation (TSTR) is the controlling shareholder of TerreStar Networks Inc. and TerreStar Global Ltd. For additional information on TerreStar Corporation, please visit the company's website at www.terrestarcorp.com.
About TerreStar Networks Inc.
TerreStar Networks (www.terrestar.com), a majority owned subsidiary of TerreStar Corporation, plans to offer a reliable, secure and resilient satellite terrestrial mobile broadband network that will provide voice, data and video services dedicated to helping solve the critical communication and business continuity challenges faced by government, emergency responders, enterprise businesses and rural communities. TerreStar expects to offer next generation mobile communications through a network of partners and service providers to users who need "anywhere" coverage throughout the United States and Canada.
Forward-Looking Statement: This press release may include or imply "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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