Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 60.01

+0.4%

Jan 9 9:30 AM EST

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To: pcstel who wrote (26735)	2/4/2008 4:38:15 PM
From: Maurice Winn	Read Replies (1) of 29987

For the first time since 1995 I have no direct financial interest in Globalstar. I still own QCOM shares, so that's a piece of it, but very dilute. I sold it all. There is too much of a gap between now and 2010 when the new constellation might be functional. There has been too little indication that Thermo knows how to sell it well. They had years to prove demand but declined to do so. Iridium is advertising for Globalstar customers who are increasingly faced with a bung constellation with Globalstar saying that sometime in 2008, there might be few of the old satellites still working. The 8 new satellites are nice to have, but not enough to provide more than a train timetable service. Iridium stands to pick up a LOT of business from Globalstar before the new constellation is working. Globalstar needs $1bn to launch the new constellation and it isn't in the bank, so maybe it won't be. It might be that GSAT will need to sell new shares valuing the old shares at $1 a share to attract another $1bn. I discount the value of ATC because 2.4GHz has such poor propagation compared with 800MHz that it will be a niche terrestrial adjunct to the satellite service. It would be better to have multi-mode Globalstar handsets with terrestrial provided by 450MHz or 800MHz providers, or Wi-Fi. Perhaps they'll come up with a terrestrial provider willing to pay big bucks for access to the Globalstar spectrum on FCC terms to do voice over WiMAX or something. I'll wait and see. Since the early 1990s I have been surprised how slowly obvious developments are introduced and adopted. Voice over WiMAX could be a longgggg time coming. Flarion's OFDM is still a glint in the developers' eyes. SnapTrack is not in great demand. Spot is great, but I doubt it's a big enough deal to get Globalstar to the new constellation. It'll help, but voice is the big issue. Now on a watching brief. The end of an era [for now], Mqurice PS: With the financial woes and Big Ben and other central bankers and politicians around the world panicking over financial stability, there is potential for macro financial carnage too. Liquidity is often a good idea at such times.

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