SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : The New Qualcomm - write what you like thread.
QCOM 170.90-1.3%Nov 7 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Art Bechhoefer who wrote (4300)3/5/2002 2:50:34 AM
From: Maurice Winn  Read Replies (1) of 12231
 
Art, My understanding is that North American and Caribbean gateways will be transferred to Newco [the new company taking over the assets].

I don't think Vodafone will have an interest in the new company or control of those gateways. I don't know about Australia or the Loral/Vodafone gateways in Mexico, Brazil and Russia.

Once the financial mess and some cheap minute prices are introduced as part of a serious marketing idea, and success is proven through high demand and profitability, all the technological developments which Globalstar can offer could be started up again.

But there is quite a hump to get over with not a lot of funding to promote new marketing plans. The past 6 months [or year] of restructuring have been a travesty of management.

As the main creditor, Loral seems responsible for letting the mess drag on so long. Loral and QUALCOMM had control of Globalstar and have let it slide hopelessly. Perhaps Vodafone held them hostage using the Exit 1 lever which PCSTEL warned about so much and Vodafone held on until Globalstar was strangled at birth [that's what some people seriously think was the plan - I still doubt it, but the facts fit the theory].

Mqurice
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News