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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 61.03-1.2%Dec 31 3:59 PM EST
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To: A.L. Reagan who wrote (10767)3/11/2000 5:18:00 PM
From: Reagan DuBose  Read Replies (2) of 29987
 
ALR, somewhere I seem to recall that at least some Iridium service providers are offering to buy back the Iridium phones if (when?) the service is terminated. I would think that might happen with most Iridium customers, perhaps either voluntarily on the part of the service provider, or after a bit of class action litigation.

If that should come to pass, then credits (rebates?) by G* to former Iridium users might need be no larger than the advertising budget per G* user already planned for year 2000. That would appear to be in the $150 to $200 region.

If that amount of incentive is necessary and adequate to recruit a former Iridium user, then G* and service provider management should be willing to offer it.

Perhaps we will see some such plan within the next few weeks. I agree that G* should have foreseen the Iridium demise and should have had a plan ready to announce. Perhaps they do have, and are awaiting the cessation of Iridium service before publicizing the offer.

Of course, one might argue that the number of Iridium users who will convert to G* would not be much increased by the offer of a rebate. I don't know how to assess the virtues of this argument, but one would hope some clever G* marketer or service provider would be able to get a handle on it.

Reagan
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