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

To: David Wiggins who wrote (10129)	2/17/2000 11:05:00 AM
From: Geoff Goodfellow	Read Replies (3) \| Respond to of 29987

Doesn't it bother you, just a little, that your company's "full time" CEO is also, well, the "full time" CEO of another company at the same time, in effect working two "full time" jobs? Don't you feel a little better/more secure investing in a company where your CEO is really full time, dedicating 200% of his/her every waking moment efforts to the customers, employees and shareholders? Say vs. investing in a company where your CEO is "part time" and is only dedicating 50% of his/her efforts between two different company's customers, employees and shareholder interests? What would happen, for instance, if the CEO working two jobs at two different firms simultaneously with two different sets of customers, employees and shareholders had, say for example, a conflict between these two bases of customers, employees and shareholders? I would never invest in a company where the CEO wasn't 200% dedicated to serving customers, employees and shareholders of the company with his/her every waking moment. Geoff Goodfellow

To: David Wiggins who wrote (10129)	2/17/2000 11:05:00 AM
From: leo_bloom	Respond to of 29987

Dave, I think one analyst can drive the price of a stock like Globalstar significantly in the very short term, provided he/she gets a forum like CNBC from which to deliver a rant. Let's keep in mind how the composition of the investing public has changed over the last 5 years. Add to this the uncertainty over G*'s future (for many investors), the long decline since Jan. 3, and the price action from the previous day, and that makes today extremely ripe for capitalizing on short-term momentum, as Mr. Hymowitz has done. Globalstar continues to roll out, the phones work, the glitches will be fixed, and this will allow us to learn whether there's really going to be demand for the service: extension of cellular coverage for telephony and narrowband data. I think there's going to be a great deal of demand before the end of the year, which is why I somehow managed to scrape up enough loose change to add to my position today. ... Maurice, are you out there? Are you burning some of that dry powder? leo