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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 68.47+0.2%3:59 PM EST

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To: Valueman who wrote (9406)1/10/2000 9:27:00 AM
From: brian h  Read Replies (1) of 29987
 
Valueman,

What is your take for all these confusion moments? Sit on the side line until you can buy it cheaper or you think G* will goes the same route like I*. Or replace Mr. Schwartz will make you more comfortable to buy in since you have a problem with the management not being upfornt with its shareholder?

I see that you are torn between trusting Dr. Jacobs and distrusting Mr. Schwartz. You see the great future of G* on one hand; you also see that G* may not survive in the near term (if I read your implied message correctly).

G* contract has been a great fortune for QCOM when it needed to show the profits earlier. However, it has been a nightmare for LOR and G*. Costs were over-run on all fronts (Zenit problem, Q's contract cost over-run, operating cost due to delay, etc.).

Dr. Jacobs is publicly endorsed his G* involvement when G* needs it the most at the present time. Q's reputation is also on the line too.

Thank you for sharing your thoughts

Brian H.
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