Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 60.86

+1.6%

1:22 PM EST

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To: Jim Parkinson who wrote (6940)	8/27/1999 4:52:00 PM
From: Valueman	Read Replies (1) of 29987

There's that statement again--"tremendous demand for handsets"---How many? How much actual cash has each service provider put up to buy handsets? When will they be available for COMMERCIAL sale? Key questions as yet unanswered. These are classic meaningless spin comments. "Pushing manufacturers to ramp up production" doesn't mean squat. Hell, I push too. So what. Quit the rhetoric and let's have the facts. It would be much more informative to say "we have preliminary orders from the service providers for 100,000 GSM phones, 100,000 QCOM phones, and 25,000 fixed terminals. G* has received $100 million as a partial payment on these handsets. Software tweaking on the phones and gateways has pushed back our phased rollout by 45 days. We are actively pursuing customers for the gateways destined for areas that were to be served by our Korean partners, but the current environment in MSS has made that difficult. Mr. Schwartz has left for India today to negotiate a deal with VNSL(ex-ICO mainstay and main Indian telecom co.) to take over service provider duties in that enormous market. We expect service to start in Argentina on October 31st, China on November 21st, etc." One can only dream.

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