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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 54.41

+7.1%

Oct 31 9:30 AM EDT

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From: Geoff Goodfellow	10/27/2023 5:18:54 PM
	of 29986

Paul Jacobs kicks off Globalstar's private wireless roadshow Paul Jacobs is the former CEO of Qualcomm and the son of Qualcomm co-founder Irwin Jacobs. Now he's leading Globalstar's charge into the private wireless networking opportunity. EXCERPT: Globalstar's new CEO arrived in Las Vegas with a clear goal: to tell Globalstar's story around private wireless. "We see a tremendous opportunity to scale the business," he said during a MWC Vegas session here focusing on the private wireless networking opportunity. As noted by Prakash Sangam, the founder of Tantra Analyst, Jacobs offered a similar pitch during a separate session focusing on satellites. Jacobs said Globalstar is a relatively unique player in the private wireless networking industry because it is entering the sector with a long history in the satellite space. Many of the other big players in the private wireless networking industry – ranging from Amazon to Verizon – primarily play in the terrestrial networking sector. "It's actually all about convergence," Jacobs said, noting that Globalstar is looking to integrate terrestrial and satellite networks for its private wireless networking customers. "It's a super interesting opportunity to bring it all together." From CDMA to satellites Jacobs is no stranger to the wireless industry. He's the former CEO of Qualcomm and the son of Qualcomm co-founder Irwin Jacobs. Irwin helped pioneer CDMA technology for the cellular industry. Just a month ago, Paul Jacobs took over the leadership of satellite company Globalstar as part of that company's deal with Xcom, the startup Jacobs founded in 2018 after his failed takeover of Qualcomm... [...] lightreading.com

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