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

To: Michael Allard who wrote (7045)	8/31/1999 11:03:00 AM
From: slacker711	Respond to of 29987

Sorry for this synopsis (instead of the entire article) but the site promises horrible things to anyone who violates their copyrights. commnow.com South Africa has delayed the start of Globalstar service....A request for a temporary license was rejected by South Africa. They may have to change some of their telecom laws in order to allow service, a process that "may take months". Slacker

To: Michael Allard who wrote (7045)	8/31/1999 11:33:00 AM
From: tero kuittinen	Read Replies (4) \| Respond to of 29987

OK - I'll draw a line. Few people seem to be willing to do that while a gee-whiz telecom concept is hot. As with Iridium, carping most often starts after the company is clearly in trouble. I wrote the debry.com stuff when Globalstar was at 30 bucks and I still believe in it. We've heard that 30 million projection for the total satellite phone market; evidently made without any consideration of the terrestrial roaming options. I think the total market is a whole lot closer to 1 million subs. By 2003. If next generation satellite models get improved a lot. I just totally winged that number - only I admit it and the investment banks with the 30 M projection don't. By next summer we should know which figure is more likely. So let's save the savage personal attacks for the time when the 1Q 2000 subscriber figures come out! I already have a brief outline composed. It's based on a certain newsletter that lured small investors to buy GSTRF at 30 dollars. My basic message is that satellite phones do not exist in a vacuum. They get compared to mobile phones, whatever brand. Especially if basic roaming is offered by mobile networks. The roaming coverage of terrestrial networks gets better every single week - that's an important point. And I do disagree with Maurice on the luxury product angle. A phone sold at 1'200 bucks, charging 1,50 for domestic calls is a luxury. If it were a necessity, Iridium would be doing gangbuster business after the price cuts. Nevertheless, this roaming issue is the most interesting telecom topic right now, aside from the data stuff. It might be one key issue for mobile operator profitability in the future. That's the fascination of Globalstar - the views on their business model are so extreme that something spectacular is bound to happen. It's a lot more fun than figuring out whether Deutsche Telekom will grow by 1 or 2% next year. Tero