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.
Technology Stocks : IRID - Iridium World Communications IPO Announced!
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: jon sunray who wrote (332)12/30/1997 10:21:00 AM
From: Larry L  Read Replies (1) of 2693
 
jon sunray: The market is largely clueless about the entire satellite communications industry, this includes many of the analysts that supposedly follow it. You can find many articles by analysts with blatantly erroneous statements. All anyone is seeing at this time is that Globalstar is offering a less expensive system. People are looking only at their own values and saying that they would never pay $3,000 for a phone or up to $3.00 per minute (I know that I would not). However, according to studies of knowledgeable analysts, on both sides, there are millions of potential customers to whom cost is not an issue. Their time and the need for their accessability is worth far more than any communications charges. This is the market that Iridium is after. Globalstar is chasing those areas that currently have no communications available at all. The real foolishness of all these discussions about who will win is that they are not even going to compete for the same custmers for the most part.
I have bought stock in both Globalstar and Iridium because I just don't know which one will do the best. That fact will not be known until some real earnings start flowing aroung the year 2000. In the meantime it is still very possible to double or triple your money on either one.
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