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

To: pz who wrote (9174)	1/4/2000 5:01:00 AM
From: Maurice Winn	Read Replies (3) \| Respond to of 29987

*Number of shares and corporate structure* Message 12454419 Thanks to Reagan for that! Paul, that's the best place to start. It's important to have a rough idea of who owns what in this complicated ownership jigsaw puzzle. When the profits from the sale of 10bn minutes are divvied up, GSTRF only gets a bit of them. Qualcomm gets some. Loral gets heaps. The service provider Globalstar LP shareholders get some too. Globalstar has got an advantage over Iridium similar to the advantage of HDR over analogue cellphones. HDR is the high data rate internet protocol CDMA wireless link Qualcomm has invented for mobile services including voice. Iridium is still operating, though it surprises me. ICO might yet start up, now that the original owner's capital has been destroyed. They'll ever only put up one constellation since their system is uncompetitive with Globalstar [other than over oceans and some places where Globalstar won't have operations for maybe 7 years]. Globalstar will be a great success. The question is whether GSTRF share buyers will make a fortune or just a very good return at $46 a share. The question which badly needs answering is "ARE HANDSETS AVAILABLE IN THE USA OR ARE THEY ALL SOLD OUT?" We have conflicting reports. Jon should get his handset in 2 days. Let's hear it if you get it and how about a report please Jon? Maurice PS: A shame about that Incy Wincy device. That was actually June 1996! Going on FOUR years ago. Now that IS a few days. On Qualcomm, I haven't actually made any profits coz I've still got my few shares. The shares have been breeding with splits, which is nice, but it's all just paper. I want to see a billion WWeb CDMA devices sold. Then there'll be some REAL profits. Also, 'playing' is not really what I think investment is about, though I don't want to be picky or pedantic. The concept of leaping in and out seems like a game of chicken and a way to pump money to brokers. Anyway, welcome to the world of CDMA, Globalstar and may your Y2K be a happy one.