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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (7659)	8/24/2001 1:17:50 AM
From: Maurice Winn	Read Replies (2) of 74559

CB, I will not bite my tongue. You make the same mistake as all critics of Globalstar. You say there is no demand for satellite phones. You are wrong. If the minutes were free and the phones were $300 there would be huge demand. You assumed that because there wasn't demand at $2 and $3 a minute and $2000 per phone, there was insufficient demand at any price [or not enough to justify the cost of the system]. The future I envision is here now. It is there right now. It is up there and it is working. The only thing remaining to do is get the pricing right. Then there will be demand. Once the demand is proven, design and production of smaller, better phones could be done. Which would increase demand further still. I warned everyone about Globalstar years before you and everyone else. I said exactly what they would do wrong. They did it. While I was saying Iridium would fail and so would Globalstar [at their then planned pricing] nearly everyone else thought I was nuts and there was demand for many systems. Now that Globalstar has also failed, 'told you so' is what we hear, yet those people got it wrong and still have it wrong and so do you. You have not got a clue how many of the current handset designs would sell if they were priced at $300 a handset and the minutes were 5c a minute. Not a clue! It would be vastly, vastly more than the existing sales. I suspect they'd run out of handsets in weeks. On Loral and Bernie Schwartz, what you are saying is that the USA operates on the same basis as crony capitalism in China. You are saying that the government won't buy the best service at the best price, but will give the dosh out to their buddies. Bernie should get what's coming eh? He deserves it? Would you please enlarge on your comments. USS Enterprise will go down the drain if there's too much of that. That does not give people around the world confidence in the USA economic system. I cannot believe you think Inmarsat has a "lock". What does "lock" mean. You say Inmarsat was first. So was the horse and gig but cars took over. Those who want Globalstar already have a horse and gig? I can't believe you make such comments. I suppose with Globalstar failed, it seems easy to be vindicated, but your comments are plain wrong. Inmarsat has no lock. As you say, Inmarsat costs more [which to some people matters - I'll explain supply and demand to you if you like and the way prices act as arbiter of supply and demand in a free market]. I don't care if Kyros, LLCF and every other person on the planet backs you up. Wrong ideas are still wrong. Voting doesn't make wrong ideas right. Dot.coms were bombs although there was voting galore for them in the irrational exuberance. Mqurice

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