UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G
                               (Amendment No. 1)*


                    Under the Securities Exchange Act of 1934



                                GLOBALSTAR, INC.
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                                (Name of Issuer)

                     Common Stock, par value $0.0001 per share
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                         (Title of Class of Securities)

                                     378973408
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                                 (CUSIP Number)

                                December 31, 2007
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             (Date of Event Which Requires Filing of this Statement)


Check the  appropriate box to designate the rule pursuant to which this Schedule
13G is filed:

                [ ] Rule 13d-1(b)
                [X] Rule 13d-1(c)
                [ ] Rule 13d-1(d)


*The  remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for any  subsequent  amendment  containing  information  which  would  alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).





CUSIP NO.   378973408
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(1)     Names of Reporting Persons.  I.R.S. Identification Nos. of Above Persons
        (entities only):

                Merrion Investment Management Company, L.L.C.
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(2)     Check the Appropriate Box if a Member of a Group (See Instructions)

          (a)  [ ]                      (b)  [ ]
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(3)     SEC Use Only
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(4)     Citizenship or Place of Organization:   New Jersey
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 Number of Shares Beneficially Owned
   by Each Reporting Person With      (5) Sole Voting Power:          1,585,240*
                                          --------------------------------------
                                      (6) Shared Voting Power:        4,156,260*
                                          --------------------------------------
                                      (7) Sole Dispositive Power:     1,585,240*
                                          --------------------------------------
                                      (8) Shared Dispositive Power:   4,156,260*
                                          --------------------------------------
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(9)     Aggregate Amount Beneficially Owned by Each Reporting Person:
                     5,741,500*
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(10)    Check  Box if  the Aggregate Amount  in Row (9) Excludes  Certain Shares
        (See Instructions):  [X]*
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(11)    Percent of Class Represented by Amount in Row (9):   6.9%*
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(12)    Type of Reporting Person (See Instructions):   IA
--------------------------------------------------------------------------------

* As of December 31, 2007, (i) certain affiliates (the "Affiliated Entities") of
Merrion Investment Management Company,  L.L.C. ("MIM"), held 1,285,110 shares of
the common stock,  par value $0.0001 per share (the  "Shares"),  of  GLOBALSTAR,
INC., a Delaware corporation (the "Company"),  (ii) William B. Wigton,  chairman
of MIM, held 2,998,400  Shares,  (iii) certain  immediate  family members of Mr.
Wigton held 548,610 Shares,  (iv) certain managed  accounts of MIM (the "Managed
Accounts") held 300,130 Shares,  (v) certain  discretionary  brokerage  accounts
held at an  affiliate  of MIM (the  "Brokerage  Accounts")  held an aggregate of
609,250 Shares and (vi) certain  nondiscretionary  accounts held at an affiliate
of MIM (the  "Nondiscretionary  Accounts")  held an aggregate of 316,380 Shares.
MIM, a New Jersey limited liability company and an investment adviser registered
with the Securities and Exchange Commission, serves as the investment manager of
the  Affiliated  Entities and the Managed  Accounts and possesses  sole power to
vote and direct the  disposition of all Shares held by the  Affiliated  Entities
and the Managed Accounts.  MIM may also be deemed to share the power to vote and
direct the  disposition  of Shares held by or for the benefit of Mr.  Wigton and
his immediate family.  Mr. Wigton serves as the investment  representative  with
respect to the  Brokerage  Accounts and may be deemed to share the power to vote
and direct the disposition of Shares held in the Brokerage Accounts.  Neither of
MIM nor Mr.  Wigton  possess the power to vote or to direct the  disposition  of
Shares held by the Nondiscretionary Accounts. Thus, as of December 31, 2007, for
the purposes of Reg.  Section  240.13d-3,  MIM may be deemed to beneficially own
5,741,500 Shares, or 6.9% of the Shares deemed issued and outstanding as of that
date. MIM expressly  disclaims  beneficial  ownership of the Shares beneficially
owned and held by, or for the benefit of, Mr. Wigton,  his immediate family, the
Brokerage Accounts and the Nondiscretionary Accounts.





Item 1(a).  Name of Issuer.    GLOBALSTAR, INC.


Item 1(b).  Address of Issuer's Principal Executive Offices.
            461 South Milpitas Blvd., Milpitas, California 95035


Item 2(a).  Name of Person Filing.
            Merrion Investment Management Company, L.L.C.

Item 2(b).  Address of Principal Business Office or, if None, Residence.
            210 Elmer Street, Westfield, NJ 07090-2128

Item 2(c).  Citizenship.
            Merrion Investment Management Company, L.L.C. is a New Jersey
            limited liability company.

Item 2(d).  Title of Class of Securities.
            Common Stock, par value $0.0001 per share

Item 2(e).  CUSIP No.  378973408


Item 3.     If This Statement Is Filed Pursuant to Sections 240.13d-1(b) or
            240.13d-2(b) or (c), Check Whether the Person Filing is a:

            Not applicable.


Item 4.  Ownership.

         (a)   Amount Beneficially Owned (as of December 31, 2007)    5,741,500*

         (b)   Percent of Class (as of December 31, 2007)                  6.9%*

         (c)   Number of Shares as to which such person has:

                 (i)  sole power to vote or to direct the vote        1,585,240*

                 (ii) shared power to vote or to direct the vote      4,156,260*

                (iii) sole power to dispose or to direct the
                      disposition of                                  1,585,240*

                 (iv) shared power to dispose or to direct the
                      disposition of                                  4,156,260*


* As of December 31, 2007, (i) certain affiliates (the "Affiliated Entities") of
Merrion Investment Management Company,  L.L.C. ("MIM"), held 1,285,110 shares of
the common stock,  par value $0.0001 per share (the  "Shares"),  of  GLOBALSTAR,
INC., a Delaware corporation (the "Company"),  (ii) William B. Wigton,  chairman
of MIM, held 2,998,400  Shares,  (iii) certain  immediate  family members of Mr.
Wigton held 548,610 Shares,  (iv) certain managed  accounts of MIM (the "Managed
Accounts") held 300,130 Shares,  (v) certain  discretionary  brokerage  accounts
held at an  affiliate  of MIM (the  "Brokerage  Accounts")  held an aggregate of
609,250 Shares and (vi) certain  nondiscretionary  accounts held at an affiliate
of MIM (the  "Nondiscretionary  Accounts")  held an aggregate of 316,380 Shares.
MIM, a New Jersey limited liability company and an investment adviser registered
with the Securities and Exchange Commission, serves as the investment manager of
the  Affiliated  Entities and the Managed  Accounts and possesses  sole power to
vote and direct the  disposition of all Shares held by the  Affiliated  Entities
and the Managed Accounts.  MIM may also be deemed to share the power to vote and
direct the  disposition  of Shares held by or for the benefit of Mr.  Wigton and
his immediate family.  Mr. Wigton serves as the investment  representative  with
respect to the  Brokerage  Accounts and may be deemed to share the power to vote
and direct the disposition of Shares held in the Brokerage Accounts.  Neither of
MIM nor Mr.  Wigton  possess the power to vote or to direct the  disposition  of
Shares held by the Nondiscretionary Accounts. Thus, as of December 31, 2007, for
the purposes of Reg.  Section  240.13d-3,  MIM may be deemed to beneficially own
5,741,500 Shares, or 6.9% of the Shares deemed issued and outstanding as of that
date. MIM expressly  disclaims  beneficial  ownership of the Shares beneficially
owned and held by, or for the benefit of, Mr. Wigton,  his immediate family, the
Brokerage Accounts and the Nondiscretionary Accounts.






Item 5.   Ownership of Five Percent or Less of a Class.

          Not Applicable.

Item 6.   Ownership of More Than Five Percent on Behalf of Another Person.

          William B. Wigton, his immediate family members, the Managed Accounts,
the Brokerage Accounts and the  Nondiscretionary  Accounts may have the right to
receive or the power to direct the receipt of  dividends  from,  or the proceeds
from  the  sale  of,  Shares  held  by or for  the  benefit  of  each  of  them,
respectively.


Item 7.   Identification and Classification of the Subsidiary Which Acquired the
          Security Being Reported on by the Parent Holding Company.

          Not Applicable.


Item 8.   Identification and Classification of Members of the Group.

          Not Applicable.


Item 9.   Notice of Dissolution of Group.

          Not Applicable.


Item 10.  Certification.

          By signing  below I certify  that,  to the  best of  my knowledge  and
belief, the securities  referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing  the control of the
issuer of the  securities  and were not acquired and are not held in  connection
with or as a participant in any transaction having that purpose or effect.







                                    SIGNATURE


          After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information  set forth in this statement is true,  complete and
correct.

                                      February 8, 2008


                                      MERRION INVESTMENT MANAGEMENT COMPANY, LLC

                                      By: /s/ Randolph Rogers
                                         ---------------------------------------
                                         Name:  Randolph Rogers
                                         Title: Chief Financial Officer



      Attention: Intentional misstatements or omissions of fact constitute
                Federal criminal violations (See 18 U.S.C. 1001)