George Gilder - Forbes ASAP Message Board

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Technology Stocks : George Gilder - Forbes ASAP

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To: George Gilder who wrote (898)	2/13/1999 9:17:00 AM
From: Grainne	Read Replies (1) of 5853

I'm wondering if you could comment on the issues raised in this post which I found at Yahoo, regarding the possible obsolete nature of Globalstar's business plan and technology, and reduced market share/profit potential in light of better cellular service in general. In your opinion, is there any truth the sentiments raised in this post? Is Globalstar just too late because of all the delays? Thanks very much in advance! messages.yahoo.com@m2.yahoo.com I can tell you why the price isn't rising... by: hopefades 4059 of 4071 ...because no one wants this stuff. Why? No one wants these overpriced, oversized, underpowered phones. The market projections are a load of crap, cooked up by consultants who get paid to be optimistic. These Big LEO systems are hampered by the fact that they were planned years ago when terrestrial cellular was still quite limited. Now you can make calls cheaply on tiny phones in 95+% of the places where most consumers spend their time. When 3rd gen high bandwidth kicks in the sats won't stand a chance. It's a case of 'too late to stop' for Globalstar et al. They must know now that the market will be a lot smaller than hoped for. Look at TRW's Odyssey back out. Don't get me wrong, I love the technology, but I think the smart money got out before Iridium's expensive marketing campaign failed to drum up many users. Good luck to all anyway. I could be wrong, but I'm not touching the stuff.

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