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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 64.48+2.1%3:15 PM EST
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To: biostruggle who wrote (15846)8/17/2000 3:22:20 PM
From: Rocket Scientist  Read Replies (1) of 29987
 
Mr. Bregman:

Although I've found plenty to complain about concerning management's execution of and reporting on the G* rollout, I strongly disagree with statements like "Globalstar has performed like a joke from the get go. The management has not come within a country mile of reaching stated objectives."

I'm not sure what you mean by "the get go," but imo the same management who's product rollout is a few months behind plan, and deserves criticism for same, also:

a. Selected QCOM and CDMA back in 1991, when it was by no means an obvious choice
b. Launched 52 flawless spacecraft in a 24 month period, an historically unprecedented feat
c. Raised 3B$+ in financing, much of it in an environment poisoned by the failures of Iridium and ICO
d. Developed, organized and managed an extraordinary international team of hardware suppliers, service providers, and distributors

In short, management deserves credit for delivering a product that was extraordinarily challenging to build (that two competitors went bankrupt trying to match) and that exceeds expectations in most important respects.

Maybe the MSS industry just "too hard" and not worth the investment...sometimes I believe that. But that is not the fault of bad execution by management.
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