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Technology Stocks : Globalstar Memorial Day Massacre

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To: Maurice Winn who wrote (363)7/17/2000 3:29:55 AM
From: RobertSheldon  Read Replies (1) of 543
 
"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?"

My gut feeling is that investors that went through the early stages of terrestrial wireless rollout will have a flashback to similar announcements/pronouncements in the early 90's. Then it was "shaky" analog cell phone providers with sky high rates . . . look at their market caps (and business plans) now . . .

Like I said, the refrain sure sounds familiar. It is only a matter of time before folks make the connection.
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