- It's Globalstar's (NYSEMKT:GSAT) turn to give back some recent gains, down 5.2% now on strong volume after being down as much as 11.2% within the past hour.
- Shares gained 12.2% over the past two days after the company claimed a successful demo of its TLPS service at the FCC. Their stance is in conflict with others like that of the Bluetooth Special Interest Group, which suggests TLPS interferes with Bluetooth devices. Bluetooth SIG plans to file a detailed record with the FCC on March 20.
- Thursday's close was Globalstar's highest point since Sept. 30.
- Previously: Guggenheim: Globalstar has cleared last big hurdle for new service (Mar. 11 2015)