Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 49.60

+2.8%

1:48 PM EST

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To: limtex who wrote (12271)	5/6/2000 9:27:00 PM
From: Rocket Scientist	Read Replies (3) of 29986

According to ING Barings, satellite phone service providers (mainly Inmarsat) had 165K customers in 1999 produding 450M$ in revenues. G* needs about 500M$ to reach cash b/e. Gs product is clearly more convenient, has better signal quality and is priced 2-3X cheaper for both equipment and air time, compared to Inmarsat. It's inconceivable to me that G at it's present service price will be unable to reach cash b/e within the next 12 months. It may need to raise more money before it reaches that point, but once a positive revenue trend is established, that should be easy enough to do. Look at DISH: it had an operating cash loss of 100M$ plus in the latest quarter, and is still the darling of the equity and debt markets.

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