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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 56.80

+0.2%

Nov 21 9:30 AM EST

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To: Bill Fischofer who wrote (10823)	3/14/2000 9:18:00 PM
From: Jon Koplik	Read Replies (1) of 29987

Bill - Eureka ! etc. -- I think you may be on to something HUGE. At the Qualcomm annual meeting in February 1998 (during the Q&A session of the meeting), I actually asked Dr. Jacobs a question, and it related to wireless local loop (WLL). Someone I had talked to (regarding Qualcomm) once told me that some people at QCOM (including Dr. Jacobs) felt that WLL might ultimately turn out to be an extremely large part of the whole worldwide wireless business. My question was something like : Do you believe WLL will be big; and do you worry about less developed countries (LDCs) needing to spend their limited funds on things like infrastructure for water or electricity (to the exclusion of installing WLL systems) ? Dr. J's answer (if I remember correctly) was : Yes, we think WLL will be big; and -- even though LDCs obviously need to spend money on a lot of things other than telecommunications stuff, it is a fair assumption that an LDC could never become a "developed" country unless a good telecommunications infrastructure were present. (And, a WLL system is not terribly expensive to install). In the last few years (including my own attendance at the next two Qualcomm annual meetings), I have heard almost NOTHING regarding WLL. I kept wondering : where did all of those high expectations go ? Maybe the reason Dr. J continuously "waxes" positive regarding Globalstar is because he has "up his sleeve" exactly what you are thinking ... (Any of you engineers out there who can explain (in a sentence or two) why this is the stupidest thing you have ever heard ... please feel free to straighten us out). Jon.

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