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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: KyrosL who wrote (23323)	9/30/2000 1:55:21 PM
From: LLCF	Read Replies (2) of 436258

<. I think that in the event of bankruptcy, G* has a 100% chance that it will reemerge (minus a good chunk of its debt) and prosper.> Minus 100% of it's equity holders as well don't forget :) <The Iridium analogy is false because G* has ten times the Iridium capacity and less than 70% the Iridium costs> Many here are aware of the advantages of G* over the Iridium boondogle... IMO the breakthrough must come in the handsets... when they reach a resonable size, like a normal cell phone we're cooking. I can tell you from experience that wealth of the user alone doens't mean beans: ie. no rich guy is going to schlepp that phone around just because he has the money. Now give him a manservant and you're talking! <Terrestrial mobile service providers paid more than $70 billion for 3G spectrum in just two countries: Great Britain and Germany. And they will need hundreds of billions to build worldwide 3G infrastructure.> While this is true, it only speaks of 'relative' value [and ignores the above critical point of handset size] which in the coming era of stock market valuation 'tough love' can easily melt away. DAK

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