Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: John Stichnoth who wrote (6770)	8/24/1999 5:57:00 AM
From: LLCF	Read Replies (1) \| Respond to of 29987

<Irid assets appear to have little or no intrinsic value. The principal assets are the sats sitting up in the sky. If they cannot generate revenue, they have no value. And they have a limited period in which to generate a positive revenue stream. The sats won't last more than another couple of years before some start to fail and serious holes start to appear in their constellation. > Wow, you are painting a bleak picture! Yes, of course if they can't even cover maintainance and some meager profit at some price on the books for the system, then they are toast. My point is as a G* investor, I'd brace for an Iridium on someones books at a very low price and then figure EBITDA... the system is changing hands as we speak [bondholders = new owners] and I assume they'll make another go of it especially if MOT's ego gets involved... On the other hand Bernie thinks their toast as well: <BERNARD SCHWARTZ always needled the archrival to Globalstar, his space-age satellite phone system. Now he's brutal. "There is no Iridium," he says, calling that $6 billion venture "an irrelevancy" as Globalstar braces for its commercial debut next month. > DAK