- Globalstar (NYSEMKT:GSAT) is up 3% after gapping up at the open for a second straight day (up 9% for today's open), just as it's begun its 10 a.m. presentation at J.P. Morgan's Global Technology, Media and Telecom Conference.
- The company didn't make any materials available beforehand. The FCC received an ex parte filing from Gerst Capital detailing a test it had executed, suggesting that Globalstar's planned Terrestrial Low Power Service (TLPS) could cause "degradation in network quality and performance for ALL non-TLPS users in that area."
- Shares slipped into Monday's close, but have opened higher yesterday and today before selling off in the morning. The stock is down 12.2% YTD.