SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : GX Investors Thread
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: devonian who wrote (538)2/14/2002 2:34:02 AM
From: Maurice Winn   of 586
 
<Now, if it took some smoothing over with the current equity holders to get something done quickly, fine... take a tiny piece for long term upside for your near term cooperation. It's a fair trade for getting the show on the road quickly and begin the rehab process. In a year and a half, Tycom's got a competing network and we REALLY don't want to argue the point until then. >

Good point. There's no time to waste. There is $20 billion in assets going rusty under the oceans. Globalstar wasted 2 years and STILL hasn't got things going; they just carried on downhill instead of recognizing a lack of sales success and doing something serious and urgent about it [namely slashing prices to generate huge sales quickly to get business and shut out competitors].

Globalstar could have shut out Iridium, ICO, Ellipso and the rest of the competition and gained millions of customers by acting quickly. A couple of days ago, Iridium launched half a dozen satellites to maintain their constellation. That should never have happened because Globalstar should have shut them out by rapid development of their business.

Global Crossing has been dithering too. The assets are a great development for the early 21st century and it's started in a mess.

The creditors are probably happy to get quick action while there's still money in the bank and time to get things going. Hutchison's offer is a bargain for Hutchison Whampoa and Singapore Technologies Telemedia and dismaying to creditors and shareholders of Global Crossing, but if it's the best offer going, Global Crossing creditors might as well take it unless some other idea would fly.

But time's wasting! Competitors aren't asleep.

Mqurice
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News