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

To: Drew Williams who wrote (6856)	8/26/1999 2:47:00 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 29987

<There really are people for whom the announced cost of this phone (or, frankly, Iridium's) is simply not an issue worth discussing. It is irrelevant. Even trivial. > Yes, indeed there are Drew. That was the point made to me many times by the Iridium believers in Silicon Investor through 1996, 1997 and 1998. We are hoping that Globalstar has learned from Iridium that there are at least 10,000 of them. Maybe even 100,000! Okay, whole hog, a million! But we need 10 million of them! 6 million to make the first constellation busy and 4 million to get the next one up and running. Once we have the people who don't know whether they spent $1500 or not and don't care how much the minutes are, how do we get the other few million who have to earn that $1500 on an hourly rate nearer $1 an hour than $100 per hour? One thing we did learn from Iridium and it was well before the concern that the system might not continue in operation, was that there was not a huge supply of rich, stupid businessmen who would buy an Iridium phone. Now there is indeed concern that the system will shut. The only way around that is to lease the handset on a monthly basis. Even rich, stupid business people won't fall for buying a handset then having the system shut. Welcome back! Maurice