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Technology Stocks : Globalstar Memorial Day Massacre
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To: RobertSheldon who wrote (362)7/17/2000 2:36:53 AM
From: Maurice Winn  Read Replies (3) of 543
 
<Analysts have said the move signals Globalstar's difficulty in attracting investment in the face of slow subscriber growth and worsening cash projections for its global phone system.>

Well, there we are. It shows how hopeless Vodafone was to start prices high and work their way down. You'd think it obvious to start low and increase prices to stem demand than to start high, get damn-all customers then try to get some in what looks like desperation. Desperation is NOT the way to sell things. It frightens customers away. Even if not desperate, the price cut has the look of it and certainly convinces people that it was NOT going well.

So, will investors understand that it means GlobalstarUSA and Vodafone aren't totally dead from the neck up and GSTRF is worth buying now that they are getting marketing a bit better [still not good by a long way]? Or will investors panic and dump the stock? I guess we find out in a few hours.

Thanks for the info Robert.

Mqurice
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