***Correction*** to the Tony Thornley presentation post, which this is in reply to, which is ambiguous. Those were NOT Tony Thornley's words...those were the words of a company reporting on Tony's words. Here's the complete text from the QUALCOMM stream:
Message 13710734
The point was to show the extent of QUALCOMM interest in Globalstar, which is a LOT.
Nobody seems to realize just how much money Q! will make from Globalstar from gateway development, ASIC sales, royalties, handset sales, software sales [SnapTrack, Ignition, Eudora, 724Solutions etc etc etc] for WWeb access] and dividends from profits [owning 6.6% of Globalstar LP stock].
Yes, that will take a few years to develop, but when it does and hand-held devices multiply and shrink with the next constellation and 384kbps or faster, the advantage of universal coverage at low prices will be very tempting to Vodafone's and other Service Providers' customers. [ED: cool apostrophe's noted.]
The present gloom and doom will be seen as the classic buying opportunity which everybody looks for but everybody is too frightened to take advantage of because they KNOW the company is going to fail. Hahaaha!! What a joke. Here it is staring you all in the face.
Chris Gent is NOT going to let this huge marketing leverage be lost to Verizon [Vodafone]. Certainly he will be mindful of the opportunity to nab the whole thing for himself, leaving the GSTRF shareholders wondering how come they lost control of such a crown jewel in the CDMA firmament.
It's a bit like QUALCOMM was for sale in early 1999 for $4bn and nobody wanted it. Nothing really changed but now Q! is worth $100bn [okay, not exactly on today's price but you know what I mean].
Well, you are seeing a replay! In 1996 Q! was sold at $4 a share. In 1994 it was sold at $2.50 a share. In 1999 it sold for $200 a share.
In 1995, G! was sold for $3 a share. In 1998, AZ [after Zenit] it sold for $9 a share. In 2000 it sold for $8 a share. In Feb 2004 it sold for $1000 a share. Actually, given the slow demand and attitude of Vodafone to pricing it will probably only be sold for $500, but that's okay for me since it beats 20% a year on the current share price so I'm not selling now, even if the GGMDM zooms the price to $25 or $50 or $100.
Mqurice
PS: Thanks engineer for pointing out the badly written post making it look as though Tony Thornley said those words rather than the analyst company. |
