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Technology Stocks : Loral Space & Communications
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To: jelrod3 who wrote (7424)3/6/2000 10:23:00 PM
From: bryston  Read Replies (1) of 10852
 
Basic facts: The phones are too expensive, and the calls are too expensive for the "average Joe."

Twenty-two years ago I was an "average Joey" who spent over $1,000 on a VCR. Thirteen years ago, I was an "average Joe" who spent over $1,000 on my first car phone. Today, I am a "slightly better than average Joseph" who can easily afford the $1,500 phone, $900 car kit, and the service. The key here is that this service is not for the "average Joe." G* is a niche product that fills a need. In developed countries, the question is how big is the need, not if they can afford it. In underdeveloped countries, the question is just the opposite.
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