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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 64.97-1.1%Jan 23 9:30 AM EST
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To: Jim Parkinson who wrote (5105)6/7/1999 4:55:00 PM
From: Raymond Duray  Read Replies (1) of 29987
 
Thanks Jim,

That was pretty much my take as well.

To further your thought, there is one part of me that really resents these parasite lawyers who are simply piling on to a bad situation. My losses weren't that great, only a couple grand and I still wear the Iridium ball cap and let friends know how much it cost me, (|:-)). The Motorheads at Motorola obviously screwed up when they didn't pull the plug on this toy when they could have easily seem the changing landscape, i.e. more ubiquitous cell/PCS coverage, greater bandwidth demand for data, CDMA, etc.
This folly should have ended in '95 when everyone knew TDMA was obsolete. Easy to say in hindsight I guess. Though I did say in '95 I* would be a dog, I mistakenly thought "first to market" would play well on Wall Street. I won't make that mistake again. As they say, it's the pioneers who get the arrows in the back.

Best, Ray
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