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

To: djane who wrote (8035)	10/26/1999 5:54:00 PM
From: Stephen L	Respond to of 29987

All very good points. The demand will need to be visible before this stock gathers much upward momentum. I'll stay long but regard it as one of my more speculative plays. The optimist in me still looks back to the "fiber-glut" sentiment which held sway on so many of the Telco's earlier. Now it looks like owning fiber is back in vogue. You are very right on technology. Fiber and wireless will rule the metro/last mile areas of most industrialized cities. That still leaves rural areas and the LDCs as possible consumers. Whether users in these areas will pay $1500 for a phone and $1.50/minute I don't know. Perhaps more revenues will be derived from G* as a patch for poorly covered areas in the BEL/VOD network. Anyway I am sure there will be more fun and bumps ahead.

To: djane who wrote (8035)	10/26/1999 6:01:00 PM
From: SpudFarmer	Read Replies (1) \| Respond to of 29987

OK, G* will tank tomorrow. Why? Overwhelming fear, frustration, and.... bad marketing? Just a few thoughts... Good. I will be buying yet again. For me, some time in the next few days, it will bottom. I get in cheap again. So I'm told this is stupid and bad investment decision. So be it. Not everyone makes $$$$$ the same way. One last gasp at comparing irid to G. None. For those who think it was marketing, why? It may have contributed, but from one who knows those who put the flying garbage in the air, it wasn't. One can market rocks and beans and make a fortune. PT Barnum philosophy. If the technology doesn't work, then it is doomed to fail, marketing or not. Does this apply to G? No. What will cause G* to fail then? Lack of demand, and the concerns are real, but, time will tell won't it? Q was the same way. It may take me longer, but I'll get there. G* rockets, come along for the ride... PS: I can see Cramer now, "looking under his desk for shares to short". Thanks djane for all the contributions and well thought out unbiased observations.

To: djane who wrote (8035)	10/26/1999 9:16:00 PM
From: djane	Read Replies (2) \| Respond to of 29987

Globalstar Shares Fall 11% on Delays in Handset Production New York, Oct. 26 (Bloomberg) -- Shares of Globalstar Telecommunications Ltd. fell 11 percent after the satellite- telephone company said it won't have as many phones at the end of the year as it first projected, casting doubt on subscribership. Globalstar shares fell 2 9/16 to 21 3/4. They've risen 8 percent this year, while the C.E. Unterberg Index of 22 satellite companies has risen 41 percent. Globalstar said it expects to have 35,000 to 50,000 handsets by year end, less than the 100,000 it first expected, analysts said. The problem mirrors a difficulty experienced by Iridium LLC, now under Chapter 11 bankruptcy protection, which also couldn't get a timely supply of its phones. Another satellite-phone company, ICO Global Communications Ltd., also has filed for bankruptcy protection. ``Due to the reliance on Globalstar's handset manufacturers...we are reducing our year-end 2000 subscriber forecast from 950,000 to 570,000,' Morgan Stanley analyst Marc Nabi wrote in a research report. Globalstar's suppliers include San Diego-based Qualcomm Inc. and Ericcson AB of Stockholm. Nabi, who rates the stock ``outperform,' also lowered his 2000 price target to $30 from $37. Globalstar will need 1 million customers by the end of 2000 to break even, Chairman and Chief Executive Bernard Schwartz said on a conference call. Oct/26/1999 18:03 For more stories from Bloomberg News, click here. (C) Copyright 1999 Bloomberg L.P.