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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Estephen who wrote (13079)	12/20/1999 9:15:00 PM
From: Seeker of Truth	Read Replies (3) \| Respond to of 54805

I don't see any unique architecture in Globalstar. What's to prevent some other company from setting up a similar satellite network? I don't mean it's not a good investment; but it looks like a prince or possibly a king to me, not a gorilla.

To: Estephen who wrote (13079)	12/21/1999 8:30:00 AM
From: Apollo	Read Replies (2) \| Respond to of 54805

Estephan: We briefly discussed Globalstar over the summer, after Maurice Winn made the statement that we should buy it, or something like that. I was already following it, and replied then that there were unsettled questions about the operability of its handsets/connections within tall buildings, in storms, under trees, etc. Also, as Qcom owners, we already had something like a 7% investment in Globalstar. The other concern, as you must know, is the faster-than-anticipated build-out of land-based wireless systems, encroaching on potential Globalstar markets. That was my understanding when I stopped following it closely in the Fall. Globalstar has gotten past the first hurdle with launch of its 48-52 satellites into low earth orbit. It remains a Gilder fave. But it looks to be in a "show me" situation, past the hype. Are you prepared to make a cogent GG argument on its behalf? Things change. We're prepared to listen. Apollo