Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 59.47

-1.6%

Nov 19 3:59 PM EST

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To: Investartist who wrote (15743)	8/14/2000 9:49:45 PM
From: BobRealEstate	Read Replies (2) of 29987

Investartist, in a sense you are right. If sat. phones in general selling, that has to bode well, just as Iridium's BK reflected poorly, for all the sat. telephony cos. in general. The disappointment in today's announcement lay in several things, most notably 1) There was a rumor in the market of fixed phone sales and it was wrongly attributed to G, when it wasn't G, the stock gave back its gains 2) G* has been held as the ONLY/HIGH standard in the sat. telephony business; to have second rate tech. beat them to the punch in their own market either reflects that G/SP's marketing efforts are in a shambles or that their fixed sat. telephony product is really not ready yet or is faulty. None of this is palatable to say the least. 3) G, despite the unbelievable depth of the potential out there, either can't convert that potential into dollars or won't or expects the process to happen by osmosis or something. It appears to be a terrible waste. In this case, I think about Maurice's example of billions of minutes rolling over the spillway wasted and unused.

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