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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 64.97-1.1%Jan 23 9:30 AM EST

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To: A.L. Reagan who wrote (10469)3/3/2000 5:56:00 PM
From: ccryder  Read Replies (1) of 29987
 
<<There is enormous power in creating a well-managed satisfied customer base regardless of what the next technology over the hill may bring. >>

The cost to keep customers happy in migrating from Iridium to ICO and T would be enormous. He would have had to keep Iridium working nearly perfectly and give away new phones for the new service. There was no way he could come out a winner. Even if all he bought was the spectrum, he would also buy the liability to keep the service going. Mot is going to be in big trouble over this default.
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