Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 64.34

+7.4%

3:59 PM EST

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To: David Wiggins who wrote (8048)	10/27/1999 9:00:00 AM
From: Jeff Vayda	Read Replies (1) of 29987

David: I guess this is where I diverge from some investors: If one can't hold the CEO to his word, one begins to doubt whether the ship is coming to this port at all. I take the view that there are many things beyond any one person's control. You must change with the times. The only bad plan is the one that is not flexible enough to adjust with developments. That is why I take everything that is said with two grains of salt. Bernie can promise the moon and then change and promise the stars. I dont make one person's statement a litmus test. Things change. It is a constant process of adjustment. I wish I was privy to the day to day workings so I could have the best vantage point from which to make my investment choices. But I dont. Instead, I assemble as many different sources of information as I can, that is why I'm on SI. SI provides a wide range of information - some good, some not so good; but all valuable to me. Some information has more weight than others. Some of Bernie's promises are lower on the scale than others because I understand his power over particular areas is less than others. In the end I take the sum of the information presented and form an opinion. Yesterday information was added in the form of the latest quarterly report. My view is that things are improving. A strong base is being built. This is not a house of cards, which goes up fast but tumbles just as quickly. Iriduim has shown the example of rushing to market. I much prefer going slower and building a foundation. Loral has doubled its transponders in space with more to come. Utilization rates are not as high as promised earlier, but are increasing and continue to increase with the pick up in the world's economy. My time frame is longer than the churn analysts on the Street. Loral has undertaken a massive undertaking and IMO is proceeding at a prudent pace. Jeff Vayda

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