Message 5322420
Message 5322430
Those posts are Readware summaries in Loral! Well worth a read.
Of course, nothing on p-----g the Globalstar system properly to maximize revenues, but it seems that the Globalstar share price is being suitably discounted to account for the inability of Globalstar software designers in conjunction with the handset makers to make the system work properly to enhance customer satisfaction. Competitors will get a chance to take them on and because of high priced calls, the subscriber base will build much much more slowly than it should do, again giving competitors a chance and reducing the minutes of use.
The Globalstar theoretical capacity is never going to be reached judging from everything so far, so Dragonfly's questions about the capacity of Globalstar is irrelevant. There will be lumpy capacity; flat batteries with callers frustrated at no dial tone, unused circuits, unused photovoltaics while batteries are fully charged, fully used circuits and frustrated callers who can't get connected. Profits will be much less than optimum.
He writes: "The 5 systems approved (Iridium G*, ICO, Ellipso, ECCO) will not meet the demand for even 30 million users."
Is he saying that Globalstar management can't figure out that demand can be met by raising the price per minute? What else can it mean. Is he saying they can't figure out that they need to launch lots more satellites if the profits are falling from the sky?
He gives capacity figures, but they don't seem correlated with p---e, just wiring.
DON'T BUY GLOBALSTAR TELECOMMUNICATIONS LTD!!!
Maurice
[I still own all my GSTRF because I'm not a trader. My buy price of $3, pre-splits, is still leaving lots of gains so I'm happy.] |
