Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 59.94

-1.3%

3:26 PM EST

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To: Valueman who wrote (5764)	7/15/1999 12:51:00 PM
From: Jeff Vayda	Read Replies (1) of 29987

Vman: you said Remember they expect 1 failure every 2 months. Also remember that the first birds, if memory serves, were launched in May of 1997(?). That means they are getting long of tooth(in Iridium years). Fine point, I* has been quoting a 10% yearly replenishment rate for the sats. (no doubt due to the requirement to justify the huge payments they are (were?) giving to Mot - what is it $600 mil a year?) Also ...long in the tooth (Iridium years), dont you mean (DOG years)? LOL Mot is correct to complain that the other members are not putting up any money. As a matter of fact Lockheed and Sprint have done nothing to support the constellation at all. Maybe they are pissed at the sweet deal Mot got. Then again they should have known better. Mot has made their money on I*, sure they would like to make more, but they proved their point and put up the sats. They pioneered the assembly line approach and certainly learned a lot as to what tests they should and shouldn't make.(So many have failed on orbit, I would hope they learned something!) Jeff Vayda

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