Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 61.88

+2.0%

10:42 AM EST

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To: djane who wrote (5303)	6/22/1999 10:17:00 PM
From: RMiethe	Read Replies (1) of 29987

DJane: Oh I was not saying at all you agreed/disagreed with Lehman. I am neutral totally on Iridium, investmentspeaking. Of course, I wish them well-- I don't like people losing their jobs. I was just commenting on the dirge like themes from Wall Street analysts (I don't think Lehman's Bensche was ever in that company, however) on Iridium three weeks ago. Bankruptcy was the call of some. Bankruptcy! Was it an irresponsible call, from someone not schooled in the Marine-like disposition Motorola has always been known for? Did some speak too soon? Did some not think everything through? It was the call "from one cavernous like corridor" on Wall Street, after all. And now, to quote from a source piece on satellites today on a different subject, but the quoted phrase conveys the feeling of Iridium shareholders, and the point to be made: With "sails taut to the wind, a bracing spray, and six bells to my starboard" Iridium appears to be arising. Like the Phoenix, arising from its ashes. And if that does happen? If it does come back? That is what I was trying to convey by my comments on why I have written on analysts here the way I have. Their predictive capabilities are not what I would use at Santa Anita. On a lighter note, I could have sworn Valueman must have taken over Iridium the day it hit $4 31/32. It's been going up ever since that day.

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