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

To: Maurice Winn who wrote (6857)	8/26/1999 9:04:00 AM
From: The_Guru_00	Read Replies (2) \| Respond to of 29987

<<Guru, the only people able to make money from Iridium now are Motorola and Kyocera. Everyone else loses. Oh, lawyers still can make heaps. If somebody else puts money in, it will be captured by Motorola and Kyocera who will take that money in the handset price. It's a handset business now, not a satellite business. That's the only place for money to be made.>> I must say that you lost me on this. Why is it only a handset business. My point was that the "cost" structure of I* that everyone has said was way too high is now irrelevant. At least $3 billion of the $5-$6 billion was wiped out. It is gone. Now I* can charge significantly different prices and make a boatload of money. I don't support buying the stock or bonds now, I am merely giving you the longer term look from 40,000 feet (or 700 km as the case may be. Selling an I* minute for $1 still makes about $1 for I* (and the gateway). The difference after bankruptcy is that they only need to charge much lower prices to make great returns (thanks to the $3 billion donation by the bond holders and equity holders) Guru