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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Ploni who wrote (18412)8/31/1999 10:45:00 AM
From: Marconi  Read Replies (1) | Respond to of 18691
 
Hello Mr. Stein: GSTRF
Are they next?
Was the punctuation off on that remark? Was it supposed to read , "They are next."?
I read this morning that Globalstar needs 1 million subscribers to make their payments. They have a year on their story to do it, if I recall. At 30 recently I was tempted, but not at the current 25. Central question to me is does GSTRF have the money in hand now to see them through signup of sufficient customers the next year forward? My suspicion is that even if they do, they will not get the customers as required to service debt. Cell phones and the Internet have penetrated deeply compared to when these ambitious plans to rule near space communications with a ring of satellites was conceived. Their focus is less voice and more data, if I recall. There is existing infrastructure for data, although it may be relatively rigid to enter.

GSTRF is now on my watch list.
Best regards,
m



To: Ploni who wrote (18412)8/31/1999 12:13:00 PM
From: Gerald Walls  Respond to of 18691
 
Iridium is in Chapter 11. ICO Global Communications is in Chapter 11.

Globalstar Telecommunications Limited (GSTRF), is the only remaining non-bankrupt competitor in the mobile satellite service market.

Are they next?


Herb Greenberg on TheStreet.Com had a story about this topic this morning. He said that capital in this area is dried up.