Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 50.47

+7.6%

2:24 PM EST

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To: Jeff Vayda who wrote (26131)	10/10/2006 11:41:20 AM
From: ebg51	Read Replies (1) of 29986

<<We are extremely pleased to be working with Alcatel Alenia Space on an agreement that is so vital for the long term success of Globalstar," said Jay Monroe, Chairman and CEO of Globalstar, Inc. Mr. Monroe added, "This agreement is a crucial first step towards securing the Globalstar space segment and augmenting our present LEO constellation of satellites. Of extreme importance, the new constellation is intended also to provide our customers with long term continuity of service by being fully backwards compatible with our current line of products.">> Alcatel provided satellite integration on the first constellation. Space Systems Loral provided the design of the satellite. But the old team is gone. Without the old team, the new one will be relegated to re-designing the wheel. This will be a very expensive project. GRANTED, not building new gateways will save money. But when all the old players are gone, They will be starting from square one when designing new birds, 48 of them, at a conservative estimate of $60Mil/ ea. Now we need launch vehicles at what $30Mill/launch? Maybe 6 birds per launch equals 8 launches? That's another 240Mil to launch. that totals about $3.1Bil. Where is the money to come from? Former investors who got burned the last time? I have been re-reading the early posts on this thread (Start at about 1850 to about 1900). There was the euphoria from counting all those nice chickens to the instant reality check when the 12 birds crashed and G* with it. There was the finger pointing & let's hang Bernie (which in hindsight was a great idea). Now everyone is willing shell out for round two. Well people "Fool me once, shame on you. Fool me twice, shame on me"

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