Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 60.54

+6.6%

2:44 PM EST

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To: Jim Parkinson who wrote (10006)	2/9/2000 2:51:00 PM
From: Maurice Winn	Read Replies (1) of 29987

<...As Airtouch told me, this is all new technology and there will be a few glitches but that everything is on track for a hard roll out by end of 1st qtr. > Oooops, another slip to the right? The hard launch is supposed to have happened [15 November and we STILL don't know whether Bernie Schwartz bought the dinner he owes - these are important matters]. Now you say Vodafone [AirTouch] told you that it won't be until 31 March or before then, but we know about those 'during 3Q' estimates = it means that service actually won't start during 3Q and probably not in 4Q. No wonder a chill has fallen over the stock. You do see the Iridium parallels surely. Handsets not working [Ericy]. Late, late, late for service. Bugs and glitches. Overpriced minutes. Slow sales. Targeting those who 'must have the service at any price' as well as the rich and stupid [there are actually very few rich, stupid people or if they are, they won't be for long - rich that is - other than the statistical Forrest Gumps who luck out]. People are ignoring [somewhat] the vital technical differences between Iridium and Globalstar. The biggest being the difference in production cost of minutes. The other big difference is using many service providers who do indeed know how to function [more or less, in a rough kind of way] in their respective markets. Meanwhile, it was nice to see another rocket full of Globalstar satellites successfully fly into space. Congratulations to all the engineers and launch people. I say cut the minute price and keep right on launching flat out [Constellation2 in 2002]. Issue more shares! Maurice PS: Incidentally RocketScientist, I think the lowest Globalstar price after the IPO was $11.75 [though I might be wrong there] with some volume sold at $12, which I found an attractive price [in 1995]. Not $11. I'd feel ripped off if I paid $1 over the odds! Split-adjusted is easier too - that's $3.

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