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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 60.81+1.7%Jan 21 3:59 PM EST
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To: Maurice Winn who wrote (12613)5/11/2000 5:55:00 PM
From: Rocket Scientist  Read Replies (2) of 29987
 
1000 Iridium customers in Mexico to xfer to G* at no cost.

Anyway I think that's what this article from ElEconomista says:

economista.com.mx

AltaVista translation:

"It overcomes term so that usuary of Iridium they change its telephones by those of
Globalstar

The change will be without cost some, it offered the satelite company next the 5 of May
will be the last day so that the users of the satelite telephony of the broken Iridium
company can change to their apparatuses by the telephones and services of
Globalstar, " without cost by the change nor by the new equipment ", informed the
company in Mexico.
As it is known, Iridium let serve telephone satelite channel when going away to the
bankruptcy due to its problems with the technology, with which it lost around 5.000
million dollars. In our country Globalstar Mexico it will provide the service.

The company/signature explained that after Iridium let give services in Mexico, both
negotiated the most advisable form so that the clients did not lose their investment and
services of satelite telephony.
" This negotiation has allowed all to those companies and people who bought Iridium
telephones, to change these without cost by the change nor by the new equipment ".

From the last year the problems of Iridium at international level were become serious
that risked an investment by around 5.000 million dollars. However, even so it
announced in Mexico the launching of his commercial activities with the offer of
services of wireless telephony and paging via satellite.
In commitment it was to invest in our country 45 million dollars with a reduction in its
prices of until 65%. The market that it tried to catch was centered in the 30.000 potential
users. Still at the beginning of the present year, Iridium already had 1.000 subscribers
and the objective altar the present year was to arrive at 5.000 clients.
Nevertheless, the company failed due to errors in the market strategies that it did not
anticipate that the technology was not only expensive, but obsolete with the fast
changes in the business of the telecommunications."
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