Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 68.31

+4.9%

Dec 4 3:59 PM EST

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To: SecularBull who wrote (8909)	12/28/1999 10:26:00 AM
From: Kunal Taravade	Read Replies (2) of 29987

Quotes from the short this morning on CNBC: "Their business model keeps changing trying to accomodate the changing scenarios. First it was sat. service in lieu of cell phones, but then cell phones became cheap and we are all carrying around these little cell phones. Who is going to be carrying around a humongous satellite phone? Now they want to target some guy on an oil rig who wants to make a call. Give me a break! How many oil riggers are there? And now (turning to David Faber) they want to sell this (service) in areas where lines are not available. Now give me a break!! Do you really think people living in areas that cannot afford regular phone lines are going to be paying for satellite service?" Please tackle the issues he has raised: 1) Real market for marine/remote communications (also raised by Rocketman earlier). 2) Are people in areas without conv. lines (like rural India) wealthy enough to afford sat. service? Kunal

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