Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 68.38

+0.8%

3:12 PM EST

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To: Joe Brown who wrote (3456)	3/17/1999 7:44:00 AM
From: Michael Allard	of 29987

Jack: I agree that Iridium is a technological achievement. The problem I see is that it was accomplished at a cost that outweighed a reasonable business plan. NOT initially, remember Iridiums business plan has changed twice since the technology was launched, first because they could not accomplish in building penetration, and now because they have not developed a big enough market. But these last two changes in focus were both applied to adjust to their technology. I believe the GSTRF system, from the beginning, first found a market, and are applying a technology to fit the need. Can you imagine what the conditions for Iridium would be like today, if the Zenit had not exploded, and GSTRF was launching service last month, selling handsets for $750 and service for .45/min! Iridium must be thanking their lucky stars! (pun intended). Good Luck to all.

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