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Technology Stocks : Satellite Stocks - USSB, CQ, SPOT, QCOM, etc.
QCOM 155.43-1.5%2:57 PM EST
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To: Philip H. Lee who wrote ()3/14/1996 4:08:00 AM
From: Tarken Winn   of 222
 
Philip, Globalstar has their finance in place, spectrum allocated, CDMA technology operational in Hong Kong/Korea/India/and soon L.A. The mobile market is developing like crazy. Satellite competitors seem to be in some disarray with questions over their long term success. Competitors are lacking spectrum, finance and the efficiency of TDMA technology looks dubious. Globalstar share price is down to $46 from a $65 peak, so it could easily go up 50% just to match its high. I have put my money where my mouth is [at $12 per share when the risk was much greater]. Competition from landlines, ground based mobile and price reaction by consumers is an unknown quantity in the year 2000, but I think people will be prepared to pay Globalstar's 40c per minute wholesale price for satellite service. Projected profit with present plans is some $18 per share in year 2000, which means share price should be around $200 per share if those returns come in. If Iridium or others bail out due to risk, lack of funds etc,then Globalstar could do extremely well. Lead times for new competitors to enter the market are quite long, so there should be no rapid loss of market share to newcomers. Those are the main points I'm working from.
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