Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 56.71

-4.6%

3:57 PM EST

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To: Maurice Winn who wrote (3344)	3/10/1999 9:22:00 AM
From: Larry L	Read Replies (1) of 29987

Maurice: You are truly amazing! Yes Iridium has truly fouled up recently. It is amazing how the rah rah crowd for G* can overlook the fact that their schedule is set back for at least a year. In addition, it is now becoming apparent that no one ever really new what the rollout was because we continue to get scetchy and ever changing time frames for gateways. Iridium admittedly has lost at least half a year due to their problems, but they are by no means dead. The second constellation will go up. ICO will get their financing (I am not even an investor in ICO and I know that this much is certain). G* has yet to have an opportunity to prove that they have learned from I's mistakes. G has proven with their very poor choice of Zenit and complete lack of a backup plan that they are just as prone to foul ups as I* has proven they are. In any case, we are all in this for the long run. A few months or even a year setback for either G* or I* does not mean it is time to throw in the towel.

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