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

To: Rocket Scientist who wrote (6847)	8/25/1999 9:33:00 PM
From: mthomas	Read Replies (2) \| Respond to of 29987

Hey now, this is far more complex than ordering up a transistor. This is co-ordinating so many peripheral details it is mind-boggling. >3rd Qrtr 99 has become "fall" (in N. Hemisphere, we hope!) i mentioned that to Jeanette and she was irritated that of course we are in the northern hemisphere so we mean Autumn in the northern hemisphere, and she was certain no Australian could be dissed by using the term Fall to mean October, November, so I backed off) 9GWs at start became 8, 16 at end of year became 14 125K UTs at end of year became 65K(?) G* risk/reward is still attractive, but the schedule slippage for sure decreases the reward<< no, it only decreases the immediate reward. The business will still build and brand, and by the time more handsets become available, there might even be a bigger demand for something so prized, we cannot say at this time >> and may increase the risk. << the risk that the price of the stock may dip? or that we will lose customers? TO WHO? >>It doesn't reflect well on G* mgmt, IMHO.<< Hey, there are many, many things that can go wrong even with the most redundant backups. Anybody seen that anywhere before? It is the attitude that I like with G*, they are doing the best they can and are trying not to let the hounds at their feet distract them from performing their best. I bet they (management) win. Martin

To: Rocket Scientist who wrote (6847)	8/26/1999 7:33:00 AM
From: Jeff Vayda	Respond to of 29987

RS: I am a bit surprised at your comment: And what's hard to fathom, considering the space segment is a year late, in the end we will be waiting around for the ground segment to start the rollout! Business is built around 'just in time delivery' No reasonable business can afford to have infrastructure sitting around for a year not being used. The gateways and phones were put on hold the second the Zenit went poof. They started work again when their schedules showed they would complete work on day X. And guess what - things slip to the right for the construction folks also. Add to that, the funds originally set aside for the gateways and phones might have found better usage during the shut down than sitting in a bank account - so I imagine there might have been a bit of a scramble to come up with some money during the last year. Jeff Vayda P.S. the post on the newbee is from Phillips Telecon, I'll see if I cant find it again.