Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 65.14

+6.4%

Dec 3 3:59 PM EST

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To: djane who wrote (5278)	6/21/1999 7:25:00 PM
From: David Wiggins	Read Replies (2) of 29987

djane, Assuming that Iridium's price cut attracts more customers - it almost has to since they could hardly have any less - it will demonstrate that a market exists - at the right prices. This should be good for Globalstar for all the reasons we have discussed on this thread. Many feel that September will be the time this stocks starts up, I disagree. I feel it will be after the 32nd satellite is up safely. Then Globalstar, Airtouch, and all the service providers will start marketing heavily, Iridium will be doing marginally better, perhaps we will get some information on customers already signed up and waiting. Furthermore, if I were a banker, I would give better terms knowing that there would be service, i.e., 32 satellites up. This is the reason I believe that Globalstar is sitting on financing for now. A lot depends on having those satellites in place, then they can let out all the stops and if we are a little lucky, perhaps the Iridium slide will stop long enough to give us a little assist as well. Regards, Dave

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