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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 63.18-1.8%Nov 13 3:59 PM EST
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To: limtex who wrote (6177)7/27/1999 6:53:00 PM
From: Lu_Xun  Read Replies (1) of 29987
 
limtex:

Your point about the large number of Russians who turned out to be capable of buying and using a cellphone is very telling indeed and one that should be noted by all those sceptics who think there is not enough demand in the Third World to allow G* to succeed.

In a similar vein, let me pass on one other little anecdote that I ran across sometime back on the Web. A couple of years ago a cellphone company (for some reason I seem to recall that it was Alcatel) got the contract to provide cellphone service in a remote Siberian city named Norilsk. Anticipating few people could actually afford the phones and the air time in a such an impoverished and remote location, they provided a limited number of phones for sale. If memory serves me right it was 8,000 phones. Guess what? They sold them ALL in ONE DAY.

I continue to believe that all those sceptics who think there isn't enough demand in the Third World for G* just don't understand the Third World at all. People may be poor by American standards but they have more money than most Americans think they do and they are very eager, IMHO, for better communication with the world outside their city, town, or village. If they can't afford to buy the phone themselves, they'll split the purchase price with others and then share the phone. But one way or another, I predict they will buy and use the phones in droves.

Lu Xun
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