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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 57.60+6.4%1:42 PM EST
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To: Michaelth1 who wrote (19565)11/28/2000 6:39:41 PM
From: Maurice Winn  Read Replies (1) of 29987
 
Michaelth1, your 2 scenarios don't fit. The best explanation is simple incompetence. In human affairs, that's usually enough to explain nearly everything, though Machiavellian plots to cause failure are fun to consider.

Vodafone does want Globalstar to survive. Vodafone is the exclusive provider in large tracts of the world and that gives them a powerful club with which to beat their terrestrial competitors. They do NOT wish to lose that exclusivity. Globalstar is NOT a competitor to Vodafone; Globalstar is Vodafone. If GlobalstarUSA sells a minute which a terrestrial provider would otherwise have sold then Vodafone wins. Vodafone does better by selling a Globalstar minute since they make at least 60c a minute margin over their wholesale price [that beats their terrestrial margins by miles]. If Vodafone sells a minute to Globalstar which would otherwise have been sold by Sprint, then they are wayyyyyyy ahead, especially since that Globalstar user will probably use terrestrial minutes and other services too. It's a way of attracting customers from competitors.

Vodafone wants Globalstar to succeed now! Sure, they want it to be right so that their customers get a good service. They have not felt the urgency that Globalstar LP has done and you are probably right that Vodafone probably emphasized getting it right rather than soon [with poorly serviced customers dealing with untrained staff].

Vodafone [and others] have been slow getting things rolling, but that's sometimes what happens with bumbling.

Mqurice
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