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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 64.97-1.1%Jan 23 9:30 AM EST
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To: Michael Young who wrote (5071)6/5/1999 6:34:00 PM
From: RMiethe  Read Replies (1) of 29987
 
By you he is respected-- not by me or a number of money managers who remember him from his Paine Webber days. Remember him unpleasantly, I may add. Don't tell me my denigration of him is not well-deserved, I will thank you.

By the way, didn't Jack Grubman make a big mistake about two years ago regarding WorldComm and MCI...?

As for his knowledge of the satellite telephony business and its prospects, I doubt that he has even even gone to a major Globalstar Service Provider overseas, or even done a preliminary userbase potential count.

I always ask on this SI post about who does in field research among the "gurus" of the Wall Street community-- is it Tom Watts, is it O'Neill of SoundView, Kidd of CE Unterberg, and to this hour still no one can tell me what analyst I should phone to get all the data he or she has done about possible user bases for satellite system telephony. I guess we would have to pay 25 cents a share on a trade at these brokerages rather than the 6 cents that we now do. Even then I don't know if an analyst on the sell-side would be helpful.

And as for the comment by Grubman on ten people who said the Iridium phone did not work-- let me repeat, me thinks Jacko is not telling the truth. In fact, I'm positive he isn't.


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