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

To: djane who wrote (7331)	9/11/1999 10:39:00 AM
From: djane	Read Replies (1) \| Respond to of 29987

From the short side, doubts about $650M revenue 1st year rev projection Top>Business & Finance>Investments>Sectors>Services>Communications Services>GSTRF (Globalstar Telecommun.) Wow, $650 mil 1st year rev proj for G* by: esqladyq 12095 of 12128 `"`While hesitant to do so, management projects 1 million subscribers, $650 million in revenue, 75 percent EBITDA margins, 160 average minutes of use per month, and break-even performance by the year-end 2000,' ABN-AMRO said" NEVER IN THE HISTORY OF OUR PLANET EARTH HAS A COMPANY INTRODUCED A PRODUCT AND HAD FIRST YEAR REVENUE GREATER THAN $240 MILLION. That company was Compaq who introduced a IBM-Clone PC at a 30% discount to the real thing. I still think G* has a great product that given enough time would be successful. But seriously folks even reluctantly made projections like this invite a backlash from investors when actual results fall far short. They must have been serving special shrooms at the analyst cocktail party. Like many investors I get calls from people trying to sell me all sorts of investment 'opportunities'. After hearing a your first thousand sales pitches from boiler rooms a pattern me Posted: 9/10/1999 8:28 pm EDT as a reply to: Msg 12086 by dskdrv1