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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 64.49-4.5%1:35 PM EST
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To: Jeff Vayda who wrote (13550)6/15/2000 2:54:00 PM
From: Souze  Read Replies (1) of 29987
 
I think you have to have a long- term strategy, which I consider a business strategy, and I think you have a short-term implementation execution which, in my view, should look no further than the beams of your headlights of your car. So I think the best way to run the business is you set short-term goals, that as long as you're maintaining those short-term goals you're successful, but short-term goals allow you to constantly reassess your strategy. If you lock and load into something and you blindly follow, I think you'll get in trouble in the satellite business.

Those were Jim Walz's comments at the end of that interview, and I think G* is in the 'lock and load' and 'blindly follow' mode that he warns against. A lesson G* could learn from Iridium, if only it would - before it's too late.

Thanks for the post, Jeff.
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