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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 68.47+0.3%Dec 5 9:30 AM EST
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To: Dragonfly who wrote (1447)7/17/1998 11:42:00 AM
From: dougjn  Read Replies (2) of 29987
 
Here's Readware's latest on capacity.

Subject: Iridium and G* "Break-even" numbers
Date: Thu, Jul 16, 1998 21:34 EDT
From: Readware
Message-id: <1998071701343400.VAA01258@ladder03.news.aol.com>

In response to the email: the break-even numbers I cited for Iridium versus G* at full operating capacity are those given at the CE Unterberg, Towbin 5-6 March 1998 Satellite Industry Conference in New York City at the Grand Hyatt Hotel by Iridium World CFO Leo Mondale (for the Iridium break-even number) and Globalstar CFO Nicholas Morren (for the Globalstar break-even number). The minutes of usage per year cited are those given by the
just named respective representatives of Iridium World and G*.

The numbers are not ours. I did not mean to give the impression that they were. Our break-even for Iridium is $1.53/minute [ vs. their stated $1.40 (we include cost of replacement sats to be launched within the next 5 years in the operating cost number)], and about $.064 for G* (which has no replacement costs). The G* CFO stated their break-even is just under $.07.minute

For the time being we will defer to the company's publicly stated numbers as to their break-even.
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