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

To: galem who wrote (11118)	3/23/2000 12:12:00 PM
From: Bernard Levy	Read Replies (1) \| Respond to of 29987

Hi gale: Although the pessimism surrounding WCII in Oct. 98 and LOR/G* now is similar., all businesses have to be judged by their fundamentals. When the deployment costs of fixed wireless were compared to fiber, it was easy to see that WCII was going to be very successful. For G, I think the case remains to be made that a market exists. The system clearly has something that Iridium did not, namely it is working really well. However, it is unfortunate the design took place before Internet took off, since it would have been really useful to have a data capability (this appears to be what Craig McCaw is planing with ICO). I view G as far too risky right now. On the other hand, at current levels LOR, or its convertible preferred bond LORBF which was highlighted yesterday on the LOR thread, have limited risk. Whether LOR/LORBF have much upside remains to be seen, but I do not believe there is too much downside left. I bought back a partial position last week around $11 3/8. I believe the non-G* assets of LOR are undervalued, but my operating assumption is that G* will be a bust. Best regards, Bernard Levy