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

To: Jon Koplik who wrote (10440)	3/2/2000 7:00:00 AM
From: Jeff Vayda	Read Replies (1) \| Respond to of 29987

Jon; from the times article But Tim O'Neil, a Wit Soundview analyst, said Mr. McCaw's plan made sense. "He's treating [radio] frequencies like real estate," he said. "He looks at these programs that just aren't working, so he'll buy it and figure out how to make it work." He compared the ICO and Iridium rescue packages to Mr. McCaw's 1995 takeover of then-struggling Nextel Communications Inc., whose unusual cell phones double as two-way radios. Under Mr. McCaw's guidance, Nextel's subscriber base has grown enormously, along with its market value. Mr. O'Neil said Iridium's billing system and contacts with telephone companies in other countries could be helpful to Mr. McCaw as Nextel begins its own international push. He said Iridium's satellites could be reconfigured to accommodate paging or the two-way-radio feature of Nextel's phones. These are the things McCaw is buying - the established contacts and agreements. The names and systems may or may not be used, but any international footprint requires the contacts and agreements. I love the press he is getting. As long as they keep mentioning the delay to 2002, it is all good for G*. Jeff Vayda