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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 60.01+0.4%Jan 9 9:30 AM EST
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To: Jim Parkinson who wrote (13562)6/15/2000 8:51:00 PM
From: Investartist  Read Replies (3) of 29987
 
Dear Jim Parkinson,

Thank you for the very reasoned and intelligent post. I agree with everything you said. In the last week, I have had a dealer say sales were increasing 30% week over week. Another told me that this bankruptcy talk is poppycock, etc. Opening up Carribean will be a big boost. We heard GMPCS say that they could easily sell 5000 phones there for boats.

As to minute prices I too have previously stated that I think that the 30% price reductions currently in effect in US until July 15th will become permanent. This was the opinion of one of the sales managers I talked to last week. I don't know that they will become lower because we want to keep a healthy profit margin and Globalstar is a special service that no one else can provide. They will need to determine the proper price for the market I don't know if it is lower but there is a proper equilibrium.

I see tremendous potental when data service becomes active. In a conversation I had with George Gilder this year he said that he felt that the really big potential would be realized with data. He feels that the backers of Globalstar realize this and will not be satisfied until all the many potential uses are demonstrated and marketed. This is why in his opinion they will give it any support needed to realize this enormous potential.

Sincerely,

Investartist

P.S. Just today George Gilder posted, reaffirming his belief that Globalstar will succeed and be a "ten bagger or greater".
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