Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Rocket Scientist who wrote (7847)	10/13/1999 8:44:00 PM
From: Rocket Scientist	Read Replies (2) \| Respond to of 29987

More from S. America: Venezuela newspaper El Universal eud.com reported May 29, 1999 That TESAM "culminated the installation of its power station of satellites, located in the Velasquez, town near Chico River (State Miranda) and that meant an investment of 30 million dollars, including the capital cost. " and that testing would start in August with service start in October. Things seemed to have slipped a bit.... Same article quoted TESAM exec as saying it expected 100K subscribers in Venezuela within five years of start, and would charge $1.50/minute for mobile calls, $1.01 for fixed service. Article concludes "GlobalStar and Iridium have been criticized because, in the end, it does not know if their projects (that they imply highest investments) are profitable. Scallion, nevertheless, affirms that they are profitable because ' the cellular network is concentrated more and more in the populated areas, leaving without cover important activities like the extraction of raw materials or the defense fronterizá, that opportune communications in zones separated from the country need." Translations courtesy of Alta Vista babelfish.altavista.digital.com