Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 72.84

-0.3%

9:41 AM EST

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To: djane who wrote (5728)	7/14/1999 5:54:00 PM
From: Rocket Scientist	of 29987

I'm as happy as anyone that G* is recovering from recent gross undervaluation, but the run we've had since the announcement of the financing in late June (we're up 75% in 15 trading days!) is pretty amazing, especially in light of Iridium's travails. I still hold the opinion that bad news for Iridium is not good news for G. BTW, the "reference to G's 10x lower costs than I" is incorrect, IMO, unless one is talking about cost per minute of fully loaded systems, and believe that G has 7X the capacity and 1.5X the life of Iridium. I believe G* annual operating + debt service cost is probably around 70+% of Iridium's.

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