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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 73.05-0.9%Dec 12 3:59 PM EST
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To: djane who wrote (5679)7/12/1999 5:48:00 PM
From: Rocket Scientist  Read Replies (1) of 29987
 
djane, I don't know how sincere Mr. Stephenson is

<1. Laments Reid Stephenson, vice president of marketing for Globalstar. 'We are
very disappointed by Iridium's difficulties.'">

but as a G* s/h I'd be a lot happier if Iridium was doing better.

In the best case, if Irid had rapidly penetrated the market at its previous prices, we wouldn't be worried about the right pricing point for G* any more, and our stock would probably be 50% or more higher than it is.

In the second best case, if Iridium starts selling well at its new prices, at least G* SPs will have a firm and achievable target to beat when finalizing their pricing.

In the (almost) worst case, Iridium goes Ch11, and/or renegotiates it's O&M and debt service obligations and can make money at prices low enough to put real stress on G*'s RoI.

In the worst-worst case, Iridium goes out of business followed shortly by G* because the skeptics were right all along: everyone that can afford a mobile phone service is perfectly satisfied by existing coverage and those that lack coverage can't afford MSS.

so I agree w/ Mr. Stepenson (I am) "very disappointed by Iridium's difficulties," and unless/until Irid or G* start to ramp up some real customers, there's plenty to be nervous about.
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