George Gilder - Forbes ASAP Message Board

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Technology Stocks : George Gilder - Forbes ASAP

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To: OWN STOCK who wrote (4251)	5/17/2000 2:11:00 AM
From: Maurice Winn	Read Replies (1) of 5853

Globalstar information stream: Subject 17382 Massacre stream: Subject 34482 Own, when GG wrote his puffery of Globalstar last year, I was quick to pull the factual errors, major ones at that, out and moan. He got the market cap wrong, the coverage wrong and other things wrong. So wrong that it meant there was no proper analysis of the business. But be careful you don't chuck the baby out with the bathwater. Finding mistakes in people's position doesn't prove that the opposite is correct. Even major mistakes such as he made. I can assure you as chief Globalstar ranter, that desperation is NOT part of my thinking. The whole situation is mightily amusing and fun. Globalstar will definitely not go broke and existing shareholders will not lose their shares. The worst case would be [following a year of mayhem and absurdly hopeless marketing by Service Providers] that the share price could drop to $5 and the company be taken over by Vodafone or QUALCOMM. Q! has just put a big bunch of money in at about $10 a share. They didn't do that to turn that $10 into $5 let alone $0. So you can be sure that all the financial resources needed will be obtained. As you might have noticed, there are some good reports coming in on sales and service is rolling out steadily like a huge steamroller gradually gathering momentum. Don't get in the way of steamrollers. Vodafone/Verizon/Chris Gent is backing Globalstar and continuing to spend money to do so. Q! is too. So it's just a matter of when the minute price hits the sweet spot. When it does, the stock price will soar as minutes are gobbled and handsets are suddenly in short supply. Iridium was a joke way back in 1996 [you can read my rants about it from then]. Globalstar will succeed. The only question is whether it will be wildly successful or fantastically amazing. They have made too many mistakes to think fantastically amazing is now achievable. But wildly successful is okay by me. Mqurice PS: GG also gets the greenhouse effect wrong. Also gets his nonsense about atheists wrong. See previous rants. But still GG offers hugely useful understanding, knowledge and is much appreciated by me.

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