Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 60.66

-1.6%

Feb 2 3:59 PM EST

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To: Maurice Winn who wrote (2782)	2/4/1999 6:06:00 PM
From: David Wiggins	Read Replies (1) of 29987

Maurice, Your point about 'capital employed' is logical, but irrelevant. The value of a thing is based on it's current worth plus an assumption of it's future value. The past, as in 'capital employed' is meaningless. I've made enough bad investments to know that :-). The real question is the value of an Iridium constellation in orbit with suboptimal technology and the value of a Globalstar constellation mainly on the ground with (perhaps) potentially better technology. BTW, I'm a newbie here and have certainly appreciated your's and other's intelligent commentary. Thanks, Dave

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