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Technology Stocks : Primestar/TCI Satellite (TSATA)
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To: Goodboy who wrote (54)9/3/1998 10:33:00 AM
From: zebraspot  Read Replies (2) of 442
 
Goodboy,

Thanks for your reply.

Do you feel that Globalstar is in the same boat with Iridium? Their business plan, costs and technology(CDMA, many fewer birds and much of the technology on the ground) are quite different. And, with the capital markets in turmoil, new competition may not be as close behind. Theirs is already paid for.

I know about the risks, but their stock is down from 37 to 14 and just about everything is already discounted. Soros bought recently at 28. CEO Schwartz have been buying in the past few weeks in the $18 area.

Thanks for any comments.
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