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

To: pann1128 who wrote (7814)	10/12/1999 8:31:00 AM
From: Jeff Vayda	Read Replies (2) \| Respond to of 29987

Some more numbers quoted for G*. First quote in some time as to the 'billable minutes' BS is looking for and that they start billing customers as of Nov 15 (shows a very strong faith in the current system setup IMO) Jeff Vayda telecomweb.com GLOBALSTAR SETS MID-MONTH 'SOFT' SERVICE INTRODUCTION GENEVA - With Telecom '99 here as a backdrop, Globalstar Telecommunications Ltd. [GSTRF] Chairman Bernard Schwartz today predicted that more than 1 million Globalstar handsets could be in service by the end of next year. He also forecast the mobile satellite-based communications operator's first-year revenues at more than $500 million and said that billable airtime would come in at up to 150 million minutes of service. Schwartz pegged the addressable worldwide market at 40 million to 50 million users. The Globalstar system, once fully operational with 52 satellite in orbit, would have capacity for up to 7.5 million users, he said. A total of 40 operational spacecraft make up the Globalstar constellation at the moment. Schwartz also unveiled Globalstar's timetable leading up to a full-fledged commercial service launch. The system will begin a "user-friendly, soft rollout" beginning Oct. 15, with initial billed services starting Nov. 15 and full commercial service phased in over several months. Over the next month, the company will provide limited distribution of service to selected individuals in the United States, Canada, Brazil, Argentina, China, Korea, South Africa, and parts of Europe. The much-anticipated service rollout follows the establishment of worldwide agreements with major telecom players and more than 220 service providers across six continents. Schwartz characterized call completion over the system, after an exhaustive testing regimen of more than 1 million calls, as "excellent," adding that the Globalstar constellation "has behaved in orbit in the most splendid way."