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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 70.32

+3.0%

Dec 10 3:59 PM EST

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To: djane who wrote (6774)	8/24/1999 12:00:00 PM
From: Rocket Scientist	Read Replies (1) of 29987

There were a couple of other quotes that surprised me in the Forbes article: "For now the target is at most 10,000 customers by year-end, only half of what Iridium has" "But customers of Gilat Satellite Networks of Israel are already buying fixed phones tied to geostationary satellites (which hover 23,500 miles above the earth, versus 850 miles for Globalstar). The quality is uneven, but calls cost just 15 cents a minute. " "But customers of Gilat Satellite Networks of Israel are already buying fixed phones tied to geostationary satellites (which hover 23,500 miles above the earth, versus 850 miles for Globalstar). The quality is uneven, but calls cost just 15 cents a minute. " ICO Global Communications withdrew a $500 million rights offering in late July but raised the money from large investors. The third statement is just wrong as far as I know. The first statement would represent more "mission creep" since June when 12K average subs for the 4th Qtr were projected. Is it now 10K by the end of the quarter? As for Gilat and 15 cents/minute, I wonder if the article is confusing cost with price? Between what two points and on what satellite can you call at a price of 15 cents/minute?

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