<Why even entertain the media's almighty "BK", its ramnifications, and how it will play out? It is NOT an inevitable event (as is the San Andreas fault), it is an event that is suggested because Globalstar is the last one standing in a field of fallen dreams. Can they make it work profitably? Yes. Will it take time? Yes. Does Wall Street expect more out of Globalstar than, let's say, Amazon (to which they applauded YEARS of loss)?
My calendar says that Globalstar (counting from the last two weeks of March) has been in service for a whopping 34 weeks. Tell the media to put their shovels away, and while your at it, put yours away.>
Elena, fair comment, but my [and probably most of our] primary purpose for being here is to protect my life's savings, understand all the ramifications of Globalstar and what might go wrong and what it means and what will happen if it does, including bankruptcy.
I'm not an unpaid salesman for Globalstar [well, I am, but that is just coincidental rather than my primary purpose]. If other people elsewhere in cyberspace want to link to here and misunderstand what they see as negative or apathetic comments, then that's their problem. Yes, I know that PR-speak means we should put on happy hour every hour and be oh so bright like a company magazine where nothing rotten ever happens and everyone is oh so happy together.
I suspect people prefer what they get here, like Reality TV!
We actually don't know that they even understand how to make it work profitably, so we can't answer that in the affirmative yet. They have shown for a year, [not 34 weeks] that they really didn't understand the market, despite my ministrations explaining in excruciating detail how they should price the service and market it. I even flew to Geneva on the grand Opening For Business day which was just exactly [in a week] one year ago and kindly gave the marketing people the inside information on how they could make a great success of selling the service. All for naught.
Now, a year later, they are starting to get the hang of it. I've had confidence because if by some stroke of immense luck, they were right that they could fill the constellation at over $2 a minute and $1500 or $2000 per phone, the business would make an unbelievable fortune. If they were wrong, as they have been, they would cut prices to something more realistic and still make a fortune. They are still struggling with the concept and it is by no means clear that they will get it right in time.
I'm hoping for a real slash and burn new Wacky Wireless pricing arrangement in a week when the old Great New Plan offer [from GlobalstarUSA] expires.
Don't worry about the media. They are like vultures and feed on carrion. They love failure and disaster as it feeds our fears and gets attention. You watch TV and see the cameramen whooping up a crowd of 'rioters' to make the news interesting, and in the background, people are just standing around and not punching the air. The media don't create the real news and they can't make Globalstar fail. The people who can do that are the management and subscribers.
We have had Carrie Lee, a WSJ.com reporter feeding on Globalstar and others do too. We should NOT toady to them. We should harass them for their distorted, dishonest, tendentious, biased and ignorant reporting - they had satellites flying 20 miles high recently! They are a joke. If they can't read, that's their problem, not ours.
I say let it all hang out. Also, I don't agree about proprietary secret information - especially MOU and subscriber numbers. Sure, some stuff should be kept private, but not much. My experience is that secrecy mostly serves bad motives, not good. Secrecy on MOU and subscribers allows illegal insider trading on vital, price-sensitive information. There is NO problem with putting a MOU and Subscriber graph on the front of globalstar.com
Thanks for your excellent financial analysis. It's much appreciated.
Mqurice
PS: Maybe the 'media' doesn't like Democratic Donor Bernard Schwartz. Malice knows no bounds. |
