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

To: I. Luttichuys who wrote (7611)	9/28/1999 11:39:00 AM
From: Serendipity	Read Replies (1) \| Respond to of 29987

The marginal user will not generate much minutes. The areas outside terrestrial coverage I do not perceive as being much of a market for a few reasons...not the least of which are affordability and lack of a Service Provider. Look at the Globalstar site, there is no Service Provider in all of Asia and Africa (except SA, China, Taiwan). Navarro, the President of Globalstar, and Schwatz have both said India is a key market, but there is no SP. Most of the 3 billion who have not made a phone call in their life, live in on the continents of Asia and Africa. What percentage of Globalstar's business plan is going to be a big fat zero because of this lack of SPs? Even if there is a phone, who're you gonna call (Ghosbusters???). It is not the number of phones, it is the number of minutes. That is why I am no longer long on Globalstar. The motor home user, is not going to use Globalstar for too many minutes a month, it will only be for emergency use.