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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 56.80+0.2%3:59 PM EST
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To: CMon who wrote (7023)8/30/1999 7:30:00 PM
From: Ok2Launch  Read Replies (1) of 29987
 
BS on CNN . . .

Schwartz appeared on CNN's Moneyline tonight, apparently to calm the waters. He said that there will be 130,000 phones available by year end, with production ramping up to 40 to 50K per month.
When asked if G* can find users willing to pay $1.25-1.50 per minute, he replied that there are 3 billion people on Earth that do not have access to a phone, and that he is only looking for 7 million out of that 3 billion.
He also pointed out that G*'s customers are the telco partners, not the end users, so G* doesn't have to go out and ring doorbells themselves, a big difference from Iridium.
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