Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 64.34

+7.4%

Nov 12 3:59 PM EST

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To: John Cuthbertson who wrote (24469)	11/16/2001 6:02:00 PM
From: KyrosL	Read Replies (1) of 29987

Yea, sorry, I meant to say that the apparent elasticity of demand for G* voice service is less than one. To be precise, if price drops by a certain percent, demand increases by less than that percent. So, you get less revenues, if you drop the price. Exactly the opposite of Maurice's theory. Maybe that's why G* is so reluctant to drop the price.

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