SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 56.68-4.7%Nov 20 3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Maurice Winn who wrote (8240)11/8/1999 3:19:00 PM
From: Rocket Scientist  Read Replies (1) of 29987
 
"Message from the Chairman" [Excerpt from B.Schwartz letter in October 99 Globalstar Communications Magazine]

"I have been asked over and over again, "What assurance do you have taht you can sucessfully launch a new satellite-based international telephone service when others have seemingly failed?" I tell them that my confidence stems from Globalstar's world-class partners and service providers who have an established presence in 125 countries, established reliationships with regulatory authorities around the world, a combined subscriber base of 100 million customers and in-place distribution channels. More than any other source, our service provider forecasts validate Globalstar's market-one that far exceeds the capacity of current and potential service providers."

As I've opined before, relying on existing SP/Distributors, provides the compelling benefit of their in country relationships with regulators, distributors and customers at the expense that G* is dependent on them to get moving. That means, SP by SP, distributor by distributor, region by region, operating managers and marketing people have to be convinced G* service really meets its specs, sales and customer care people have to be trained, product staged for resale, billing systems updated, etc., etc.

BLS could have followed the Ed Stiano/Motorola/Iridium model and bypassed all these extra steps, but that didn't work very well, either.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext