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

To: David Wiggins who wrote (6838)	8/25/1999 5:56:00 PM
From: limtex	Read Replies (1) \| Respond to of 29987

DW - My guess is that getting the G* system together world wide is prbably got a few more wrinkles to sort out than they bargained for. They'll get it right, ti might take a few more months. The logistics must be simply awesome especially right across the board. My guess is to be prepared for some delays but they'll get it right and when they do ......... Best regards, L

To: David Wiggins who wrote (6838)	8/25/1999 6:04:00 PM
From: djane	Respond to of 29987

IRIDQE? (see below) Top>Business & Finance>Investments>Sectors>Services>Communications Services>IRIDQ (iridq) IRID = IRIDQ = IRIDQE by: esqladyq 30291 of 30297 I'm on vacation but just got an e-mail with this information so I thought I'd share the news. "12:06 08/26/1999 Q IRIDQ/Iridium World Communications Ltd IRIQE/Iridium World Communications Ltd" I spoke to Nasdaq stockwatch about this new symbol. They said it merely denotes that IRIDQ is now delinquent in filing required SEC documents. It has nothing to do with if/when the stock may trade. nasdaqtrader.com Posted: 8/25/1999 5:35 pm EDT as a reply to: Msg 30289 by shamatso

To: David Wiggins who wrote (6838)	8/25/1999 6:06:00 PM
From: djane	Read Replies (1) \| Respond to of 29987

Apparently there is an Iridium letter/ad in the WSJ today on page B7. Anyone have a copy of the dead-tree version and want to do a little data entry? djane

To: David Wiggins who wrote (6838)	8/25/1999 7:01:00 PM
From: Rocket Scientist	Read Replies (1) \| Respond to of 29987

Well, I think we can assume that everything isn't "rosy," but that's not necessarily cause for panic. Cause for panic would be inability to sell the service because it doesn't work or because the pricing/marketing is screwed up. Absence of information on both fronts is worrying but I'm prepared to give mgmt the benefit of the doubt for at least a couple more months. I think the Sept analysts meeting and October Telecom exhibit will provide the missing information. It seems likely that there are problems with handset production (at least in the GSM world) and getting GWs/GW Service providers on line. These are problems that can be solved with time, and I think G* has the time (money) to solve them (see below). So in a couple of weeks the investment gurus will form a judgement on the phones/marketing plans, followed by the telecom wonks in October. Shortly thereafter, real people in Argentina and maybe a few other select locales, will prove them right (or wrong) in those judgements, and G* will have to respond to the people that matter-end users. So, how much time (money) does G* have? My guess is its cash costs once service starts will be on order of 500M/year for SG&A, O&M and debt service. It will get some positive cash flow from resale of gateways and handsets, maybe about 150M$, and Loral will doubtless exercise its warrants, that's another 300M$. So it seems to me we're good for about a year, not taking account additional investments G* may make in GWs which were supposed to be capitalized by others, spare satellites and other more or less discretionary expenses, and ignoring sales receipts. Any better guesses out there?

To: David Wiggins who wrote (6838)	8/26/1999 1:35:00 AM
From: Maurice Winn	Respond to of 29987

Everything is NOT rosey. The startup has slipped. The handset numbers are dropping. The number of gateways and service providers ready to roll on time is few [maybe Argentina and China - where we have no information]. Ericy has no handset till next year [or maybe 29 Dec or so]. The minutes are hugely expensive, the handsets have not been ordered [not surprising]. Information is free. Globalstar could have a red hot action list updated daily of all the progress all round the world, every minute sold, every handset sold and where, every fixed phone box sold, every marine unit sold, gateway development details for each gateway. The modern wonder called The Web, or It for short, is the enabler of this information. They should use it. That would help them sell, it would help frustrated investors. Maybe there is something hugely wrong and everyone should sell their shares to Bernie! If things are good, why is there not heaps of information available boasting about how good it is? I guess central planners are not strong on providing information - the last thing the KGB wants is widespread information. The first thing controlling people do is cut off the information flow. That works fine for milking captive taxpayers, but it's a loser for romancing customers and investors. Maurice