Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 70.32

+3.0%

Dec 10 3:59 PM EST

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To: Daskin who wrote (9368)	1/9/2000 10:08:00 AM
From: Bill Fischofer	Read Replies (1) of 29987

It's a very good question I believe it is also true. The problem seems to be that both GSTRF's proponents and detractors are fixated on market segments that IRIDQ proved do not exist in any meaningful numbers: the jet-setting always-in-touch-at-any-cost executive, the petroleum geologist prospecting in the wilderness, etc. People should forget about these markets. Of course there will be some who fall into these categories, but not enough to really matter. The real market GSTRF is ideally positioned to serve is those who have no phone service at all yet, which encompasses well over half of the globe's population in developing nations. And no, nobody expects a rural village in India or China to pay $1+ per minute for phone service. However, when one compares the cost of governmental subsidies to bring G* phone service to remote areas either for free or for trivial cost vs. the cost for that same government to build the infrastructure to extend traditional wireline phone service to their hinterlands it becomes very clear that the G* subsidy route is vastly cheaper and represents the only feasible path to bringing basic telephony to these areas over the next 10+ years. That's the real market I expect will propel GSTRF going forward. Unfortunately, I also expect it will take another 2-5 years before it becomes abundantly clear just how huge this market really is. The real question in my mind is will the market be patient enough to see this come to pass? And how will it react when, predictably, the "executive toy" market proves no deeper for GSTRF than it did for IRID?

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