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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Adrenaline who wrote (5316)	6/23/1999 12:47:00 PM
From: Jim Parkinson	Read Replies (1) \| Respond to of 29987

Some analysts at least have a sense of humor as evidenced by Morgan Stanley's latest report (6/22 by Marc Nabi) "IRIDIUM ATTEMPTS TO GLOBALSTARIZE ITSELF" "IRIDIUM'S RE-TARGETING IS RATHER GLOBASTAR-ESQUE." Could it be that he has invented a couple of new words to add to your Funk & Wagnels? He goes on to say Iridium's plan won't work paraphrazing G* lack of concern as per Nick Edwards' article. He maintains an outperform rating and states "WE CONTINUE TO BELIEVE THAT GLOBALSTAR HAS THE RIGHT BUSINESS PLAN TO SUCCEED, AND RATE THE SHARES AS OUTPERFORM WITH A YEAR-END 1999 PRICE TARGET OF $25 AND YEAR-END 2000 PRICE TARGET OF $30." I strongly disagree with those targets especially $30 in 2000 but then Marc is only an analyst. He does repeat what he has said in the prior 3 reports "WE THINK OUR ASSUMPTIONS FOR THE MSS SUBSCRIBER UNIVERSE ARE CONSERVATIVE, AND BELIEVE IF THE MSS MARKET EXCEEDS OUR INITIAL EXPECATATIONS, THE POTENTIAL FOR GLOBASTAR INVESTORS COULD BE EXTRAORDINARY." I tend to agree which is why I have been investing in G* and Lor since 1995, long before Morgan Stanley ever started coverage so they had no influence on my decision. Robert Kaimowitz formally with Unterberg Harris did spark my interest when they intitiated coverage on both G* and Lor on Jan 9, 1995. I still feel Kaimowitz has a good understanding of the industry. He was never real keen on Iridium.

To: Mr. Adrenaline who wrote (5316)	6/23/1999 4:33:00 PM
From: djane	Respond to of 29987

Special bonus feature (excerpt from the new book Turn of the Century by Kurt Anderson, p.408) _____________________________________________________________ "A friend at home," says Willibald, the cutest and most stylishly sallow of the sallow German programmers, "says he was informed that the explosion of that big American telecom rocket at Baikonur in Russia was a hack that went bad." "Globalstar," says the other German, Humfried, who's wearing a TELETUBBIES T-shirt. "The Globalstar Corporation," he elaborates, pleased to repeat the company's perfectly sinister name. "Or maybe a hack that went right," Bruce says, getting into the late-night James Bond spirit. "Globalstar's value went down, I don't know, about half a billion dollars five minutes after those satellites blew up." "So somebody who, like, hated the company did it?" Fanny asks. "Well, somebody who wanted the stock of the company to go down, maybe," Bruce says. _________________________________________________________ Fascinating reference, eh? Based partly on Cramer's recommendation in thestreet.com, I bought and read the book during my recent vacation. In interviews, Kurt Anderson said he spent months watching Cramer doing his trading thing and based one of his characters (Ben Gould) on him. My guess is that Anderson was hanging out with Cramer in early 9/98 when the G* satellites crashed. Cramer later wrote that he bought some G* in the 9s/10s after the crash. P.S. My book review? Way too long, a little too much NY insider references and not enough trading stuff, but pretty entertaining overall.