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

To: djane who wrote (7605)	9/28/1999 10:05:00 AM
From: David Wiggins	Read Replies (3) \| Respond to of 29987

Re: "we want to avoid the same mistakes.." From this investor's opinion, Globalstar has (from an investment perspective) done just as sh***y a job as Iridium rolling out it's service - arguably worse. An interesting comparison would be to start with the dates service was first technically feasible. Let's say the day Iridium 'turned on the switch' and 1 August 1999 for Globalstar. From that point we can compare share price performance and subscriber numbers (I know, I know, Globalstar doesn't use these - but we need apples to apples here) I'm not sure about share price, but both took a dive. On subscribers, surpise, surprise, Iridium is the clear winner. For the first two months, globalstar gets a goose egg. As an aside, I'd say I'd give Iridium a thumbs up for th old college try. Globalstar's efforts at even the most basic promotion have made them look unprepared and disorganized at best. Right now, it seems the only thing that is keeping Globalstar's share price from completely tanking ala Iridium is their much less restrictive debt covenants. I'm sure this post is gonna raise some hackels - hopefully at Golbalstar. So be it. Lemme have it. Regards, Dave