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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 56.68

-4.7%

Nov 20 3:59 PM EST

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To: Rocket Scientist who wrote (8242)	10/27/2000 3:31:50 PM
From: Maurice Winn	Read Replies (1) of 29987

RS, from your post 8 November 1999 <Message from the Chairman" [Excerpt from B.Schwartz letter in October 99 Globalstar Communications Magazine] "I have been asked over and over again, "What assurance do you have that you can sucessfully launch a new satellite-based international telephone service when others have seemingly failed?" I tell them that my confidence stems from Globalstar's world-class partners and service providers who have an established presence in 125 countries, established relationships with regulatory authorities around the world, a combined subscriber base of 100 million customers and in-place distribution channels. More than any other source, our service provider forecasts validate Globalstar's market-one that far exceeds the capacity of current and potential service providers." > World-class service providers? No. Just big, dumb, telecom companies who wouldn't know a customer if they stood on it. They certainly wouldn't have a clue about market research if what Bernie said about their 'forecasts' is true. Now we hear that World-class Verizon can't turn on a phone so GlobalstarUSA will have to do it for them. The news hasn't helped the Globalstar share price, which is, as I type, hanging around the all-time lows [since 1995] $5 31/32 Good grief! Oh well, I planted corn yesterday [only 36 plants so it's not real farming], so I shouldn't starve until next year. Mqurice

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