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

To: UncleBeester who wrote (8552)	12/4/1999 5:52:00 PM
From: Maurice Winn	Respond to of 29987

Thanks Jeff <. It is much, much better to set lower expectations, and then surpass those expectations, than to promise the world (Iridiot) and then to under-deliver.> Cool idea, but a bit of a cliche. Another cliche was that Globalstar would learn from Iridium mistakes. Not so far! Charging too much. Delayed handsets. Advertising ahead of product and service being available. Implying global service when it's really a regional service. Speaking of expectations and under-delivering, some G* shareholders would be thinking that there has been under-delivery and expectations have certainly declined. When Craig Farrill says Globalstar will be successful, we should remember that 'Globalstar' is actually made up of competing interests - handset makers, gateway maker, service providers, Loral management of Globalstar and Globalstar LP. There is only so much money available from subscribers and that is shared among those competing interests. So, one of those interests might succeed mightily while another goes broke. For example, Service Providers might make a fortune, while Globalstar LP makes little. Maybe Telit won't be able to make and sell handsets. Or Ericy will lose out to CDMA handsets. Or Qualcomm will charge like a wounded bull for their excellent handsets leaving little profit for Service Providers. There is no single entity 'Globalstar'. But that bit of detail aside, there should be plenty enough subscribers prepared to pay enough to finance all the interests and have them each make large profits. Provided service providers don't overcharge and kill the business at birth. Maurice