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

To: djane who wrote (6773)	8/24/1999 2:43:00 AM
From: djane	Read Replies (2) \| Respond to of 29987

Anyone care to comment on these significant comments in the Forbes article: -Despite his partners' caution, Schwartz insists Globalstar can sign up 3 million users in three years. [If this occurs, we'll all be very, very wealthy...] -Schwartz says his service partners are ordering more phones in anticipation of a big buildup next year. [Is this the first such public statement?] -Globalstar is ready to cut prices 50% if consumers balk or competition rises. [Again, has G* made this statement publicly before?]

To: djane who wrote (6773)	8/24/1999 9:57:00 AM
From: Valueman	Read Replies (3) \| Respond to of 29987

Globalstar will spend a more modest $40 million by June of next year, hoping to capture customers in narrow markets like fishing fleets and oil rigs. "I spend every waking minute being 180 degrees opposite" from Iridium, says Andrew Radlow, marketing chief at Airtouch Satellite, Globalstar's U.S. provider. Hey Andrew--if you are reading this, I say "BULLSHIT!" You are nowhere near 180 degrees opposite Iridium--more like 360 degreees. Your prices are higher. Your initial marketing steps are brutal. Take another look at your degree wheel. That service orientation is critical, because wireless carriers stress revenue generation over cost recovery. Globalstar will start at half Iridium's initial price, with phones costing $1,500 and calls pegged at $1.50 to $3 a minute. If consumers balk or competition rises, Globalstar is ready to cut prices 50%. Letting the carriers drive Globalstar, even though Loral Space holds the biggest single stake, was "a major pain in the backside," Schwartz says now, "but it's been a critical differentiation." Pssssssssst. Hey--G. Let me let you in on a secret. CONSUMERS WILL BALK AT $1500 PHONES AND $1.50-$3 PER MINUTE CHARGES.* Pull heads out of sand and face up to it. Do it NOW. Don't waste time and precious cash trying to milk the customer. Adjust the price and sstart off with a bang. There is no alternative. Staiano also matched Schwartz in competitive carping; at an industry dinner he bet Schwartz $200 that Globalstar would fail to start service on time this year. Pay up Bernard. Despite his partners' caution, Schwartz, never short on bluster........ Bluster, spin, whatever--you can say that again. Loral's Schwartz says he is unfazed by the challenges and that his service partners are ordering more phones in anticipation of a big buildup next year. Right. How many phones have they ordered? I don't need spin--I need numbers. How many phones have they ordered and when will they be delivered? It is time for truth. I am spin resistant now.

To: djane who wrote (6773)	8/24/1999 11:53:00 AM
From: David Wiggins	Read Replies (2) \| Respond to of 29987

10,000 customers by year end - IMHO that SUCKS!! There are supposed to be 30,000 phones available at startup.(Note this will be Sept. according to Marketing VP on24.com Anyway, if there are 30,000 thousand phones available and only 10,000 customers by year end, I must regretfully conclude that Globalstar marketing is failing at this point. At least that's how I see it based on available info. This analyst meeting in 2 weeks is really necessary to clear up some of these issues. Regards, Dave