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

To: Rono who wrote (5880)	7/20/1999 8:33:00 PM
From: Rocket Scientist	Respond to of 29987

"With phones starting at $1000 and per minute rates up to $2, it doesn't appear they will have a competitive advantage compared to Iridium. Why will they succeed when Iridium failed?" My take on answering this would be that Irid only came down to these lower prices (similar to ones G* long ago published) on July 1. I don't think anybody knows how Irid's sales are going at the new, lower prices; and if they're not selling whether the reason is price as opposed to perceived instability of Irid, or simply the willingness to put off a decision for a couple more months until they can do an apples/apples comparison with G. Assuming someone's still alive to market for Irid by the time G starts service, I expect we'll see trench warfare between the two companies for a while, which in the long run may be healthy for the industry in general and G* in particular.