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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (30689)	2/9/2000 8:17:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

I will send you a very detailed report.. PM Some interesting things.. <<GLOBALSTAR UPDATE >From yesterday's earnings conference call for Loral (LOR, $20, down 1), a 45% owner of Globalstar (GSTRF, $31, down 3), we gleaned some very positive news regarding Globalstar. The Globalstar system is operational and currently serving 18 countries with call quality and call completion rates reported as "excellent." The preliminary minutes per month usage numbers also look very good. By the end of June 2000, Globalstar is expected to have 22 gateways open with billable service expected to reach 80 countries. By December 2000, the Company expects 120 countries to have service and to have over 600,000 handsets to have been manufactured. Though there are some present delays in the production of handsets by Ericsson causing the current stock weakness, this is only a temporary problem. The per minute pricing in China, Venezuela, and Colombia has been set at under $1.00 minute. Lastly, some distributors are passing handsets on to the retail distributors without markup to promote sales, and, in some markets, the fixed phone units and the portable phones will be available through a lease program in order to avoid the initial cash outlay. All in all, CEO Schwartz stated that "everything that we have so far is good". COMMENT: The secondary offering was completed last week (and oversubscribed) at $35 a share. If you don't own this stock, buy it now. We know of no stock that has more potential price appreciation than Globalstar. At current price levels, this stock is a steal.>>fwiw Nokia Corp. (NOK, $204, plus 11) widened its lead as the world's No. 1 mobile phone maker. Nokia took 27 percent of the mobile phone market in 1999, up from 22 percent in 1998. Motorola (MOT, $160, plus 2) and Ericsson (ERICY, $89, plus 3) both lost market share, while South Korea's Samsung Electronics Co. gained share. The biggest growth last year came in Latin America, where sales doubled. In Europe, sales grew 70%, while North America saw a 60% growth and Asia saw a 50%. COMMENT: While this is certainly great news for Nokia, it also confirms our belief that the mobile phone market will become increasingly dominated by the five or six largest players. We also expect Motorola to increase sales next year, primarily through its CDMA based units expected to hit the markets soon. While not in our portfolio now, though it may be soon, Motorola appears to be a great buy at under $160. While we still expect Nokia to maintain its leading position, without a viable CDMA line, Nokia will be hard-pressed to continue to take market share from the CDMA manufacturers. One call to Qualcomm is all it will take though...... <<Wireless phenomenon..the stars.. AETH 183 45 GSTRF 33 4 NOK 192 9 NXLK 95 11 PCS 103 1 PHCM 133 14 QCOM 137 25 RFMD 92 19 VOD 58 6 WCII 76 10 Since inception on 10/24/99: 134%