Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 62.88

-0.5%

Nov 14 9:30 AM EST

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To: David Wiggins who wrote (8048)	10/29/1999 5:16:00 PM
From: Lu_Xun	Read Replies (3) of 29987

I think G* longs are altogether too pessimistic about the shortage of the handsets. It seems to me that in all likelihood what is going on here is pretty simple: the phone manufacturers don't want to make too large a commitment to phone production until they are sure that there is really a market for the service. I for one have never doubted the existence of the market, which I believe to be vast. While the shortage of handsets is a problem, it is only a temporary problem. For one thing, even at current rates of production there will be over 500K handsets produced by y/e 2000. If they are all sold and in use by then, the manufacturers will lose their hesitancy and begin pumping out phones to beat the band. Bottom line: this may hurt G* results for year 2000 but will probably have no effect beyond that. That's my view, at least. Lu Xun

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