Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 62.25

+6.2%

Dec 19 9:30 AM EST

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To: CommSatMan who wrote (4713)	5/19/1999 11:50:00 PM
From: Andmoreagain	Read Replies (1) of 29987

Nice post, CommSatMan, and I happen to agree with your points. Globalstar's dependence on regional SP's, and the lack of handsets are problems also. 120,000 handsets at the END of 2000 is what I read today in a major Wall Street report; hmmm.... And another report discusses the lack of experience Globalstar's SP's have in marketing this kind of product, as well as their potential resistance to subsidizing the end user's cost. I realize Globalstar is imposing "punitive" rate structures on SP's that don't sell enough minutes, and while this might work some of the time, it may well foster antagonism toward the company in the long run. I get a sense that Globalstar is perceived as the "last hope" for a high profit margin satellite scheme that engages the masses. If it fails, a big gravy train comes to a halt. That may be behind all the "rah, rah" enthusiasm, and may produce a bigger hangover than Iridium's if the unthinkable occurs. Maybe "unthinkable" is the wrong word...there are some who ARE thinking it already. Let's hope they're wrong. I'm not predicting disaster, but I also don't buy the guaranteed success scenarios that so many are offering...

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