Loral Space & Communications Message Board

STOCKTALK

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.

Technology Stocks : Loral Space & Communications

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SafetyAgentMan who wrote (10102)	7/17/2002 9:07:42 PM
From: pcstel	of 10852

"Regarding Vodafone, I agree 100%. They were the #1 reason G* failed." I disagree! I believe that if Verizon had never been formed. Airtouch would have used Globalstar to try to complete their Network. I remember posting about a trip I made to a Airtouch/Vodafone store in December of 1999. Globalstar was ready to launch and not one speck of information about it for holiday shoppers standing in long lines to look at! The creation of wide reaching Global GSM roaming agreements is what killed the Satellite Phone market. Suddenly, it went from a device every Intl. business person would need. To a niche device that very few Intl. business people would need. It's not that Vodafone didn't market it! It was that there was no one to market it to! However, on accounting issues. I find it Ironic that during the period that this stock hit it's highs in Jan. 1990. The Company was actually in default! They did not make the 15 million dollar Jan. 15th 2000 loan repayment to Qualcomm. No SEC statements were issued, or Press Release provided. It was not until a month later at the Qualcomm shareholder meeting when I questioned Irwin on this subject that the truth came out. Irwin stated they were discussing new payment terms and increased VF facility. So Globalstar was in default in my opinion. And the new deal was not announced until May! PCSTEL

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next