Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 57.88

+0.5%

11:43 AM EST

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To: ebg51 who wrote (26147)	10/31/2006 3:40:20 PM
From: Maurice Winn	Read Replies (1) of 29987

ebg, I agree that 2 million isn't much of a market in a world of 6 billion. 1 person in 3,000 is pathetic. <The build-it-and-they-will-come mentality just did not pan out. > There was the small matter of p-----g. Building it, and sticking $2000 for a handset and $3 a minute on the price tag gave nearly everyone sticker shock when they did come. Once shocked, people tend not to return. Building it was fine. Being greedy telcom monopolist sticker shockers was NOT fine. There are now enough subscribers to sustain the business [even just in Globalstar]. But there needs to be a shakeout to see which is the most attractive system. Iridium is dying and Globalstar is on its last legs, both needing new satellites. I can't see that Iridium is worth rebuilding. Their technology is simply obsolete. But they did launch more. Maybe they think it's worth persevering. I am not convinced that even Globalstar Incorporated is worth investing in [at their current IPO prices and marketing ideas], let alone Iridium, which I have always thought is a much inferior system other than in global coverage. Globalstar can also provide global coverage, once the subscriber base has built sufficiently to justify covering oceans and poles with more gateways and some higher satellites. Globalstar can leverage the huge technological advances QCOM and others have made in CDMA for terrestrial services. Iridium is up a technological dead end. I don't see why a billion people shouldn't carry a Globalstar device as part of their communications systems. That will take another decade or more, to get enough satellites up there, with big powerful antennae to pick up tiny signals from little handsets and big powerful transmitters to make a little handset able to detect it. The cost of producing such Globalstar minutes will be something like 1c a minute in 10 years [in today's money]. That's a price anyone can afford. Devices in mass production will be very cheap, with the Globalstar link in a multi-mode device just another small function buried in the software and ASICs. Terrestrial base stations are getting cheaper, but they'll never cover everywhere people go. Mqurice

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