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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 58.36-5.8%Feb 4 3:59 PM EST
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To: Maurice Winn who wrote (3028)2/20/1999 12:07:00 AM
From: Joe Brown  Read Replies (1) of 29987
 
There is an out for Iridium, I think, that doesn't require us to think in terms of Iridium failure/Globalstar success; Iridium must simply sell the bulk of its service to governments, who will find it cheaper to have global communications via Iridium than to build it themselves. Then Iridium can get by with, say, 100,000 total private users, while the government users pay for the system.

Then Globalstar can sell its service to private individuals, at least until AT&T world service trumps that card. Then it's back to square one.

Maybe the guys who said wireless build-out would kill satcom were right. After all, who could see 10 years ago how huge internet would be? So the satcom designers of 1987 were thinking how smart they were, and now we're saying how stupid they are. Sheesh....
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