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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 68.27+0.7%Dec 9 3:59 PM EST

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To: Valueman who wrote (1434)7/14/1998 12:02:00 AM
From: Maurice Winn  Read Replies (1) of 29987
 
Iridium phones NZ$6000 and per minute prices NZ$5 per minute. Give or take a bit, according to NZ Herald, page C3, 13 July. That is about US$3000 and US$2.60. No mention of monthly charges, but I guess there will be some. Service to start in September according to the article.

It went on to say:

"In Australia, they will pay around $A90 [$107][Ed: that is about US$55] a month and a lower call charge, although, as Mr Herring [Ed: he's the marketing and and sales director of the local operating franchise, Iridium Pacific] points out, there will always be a differential between calls within a country and to other countries, reflecting interconnection and last-mile transmission costs."

Ed = me for those who wonder!

There was also a photo or Tim Herring, happily smiling and holding up to his ear an Iridium handset, which looks pretty good. It is big, like a cellphone from 5 years ago, but not too bad really. There was some description of Iridium, but those were the important bits.

Maurice
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