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

To: John Stichnoth who wrote (11398)	3/30/2000 4:19:00 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 29987

Australia: <Customers have the choice of the Telit SAT550 that is available in stores today or the Ericsson R290 that will be available for purchase next week. Vehicle mounted kits for on-road use are also available next week. House kits and portable marine kits for boaties are being developed and will be available soon. > What's going on here? Looks as though Telit is ready to rumble. Looks as though Ericy has a problem with their battery life, which they should be able to fix sometime. Vodafone Australia has obviously decided that they will only accept subscribers who buy the grotty GSM phones instead of the good QUALCOMM phones. This, of course, to protect in a very stupid dog-in-the-manger way, their terrestrial GSM network. Vodafone Australia will therefore have a much reduced rate of Globalstar acceptance. Maybe they'll sell so few minutes that they will fail to meet their contracted exclusive service provider requirement for minutes sold. Maybe the Australian government will rule such a restrictive trade practise, involving monopolistic, consumer damaging, price-fixing games, illegal and Vodafone will be obliged to connect any legal appliance including QUALCOMM's. Maybe I should take a case in Federal Court in Australia? William, if you are reading this, you can treble your Globalstar share price by taking Vodafone to court if they won't connect your QUALCOMM handset on the same basis as the GSM phones. Same in Europe. Restricting access to GSM Globalstar phones is obviously a discriminatory and illegal trade restriction to avoid open markets in Europe. Somebody, [Jon Koplik - you have been volunteered], phone Charlene Barshefsky and get her to nail them on it. Or phone Madeleine Albright and arrange some air-strikes. Al Gore wants to be President! Get him to get Clinton to force Europe to open up and shove non-performing Ericy out of the way. USA voters would love to see QUALCOMM Globalstar phones used across Europe. Of course, since the USA whines constantly about NZ sheep sales ruining their economy, necessitating restrictions on NZ sheep sales in the USA, I suppose the USA can't whine when Europe takes the same sort of Feudal approach to trade and freedom. You asked why only 200 miles coverage from Australia? Apart from the metrication issue [why does the USA continue with their antediluvian feet, inches, pounds, stones, acres, gallons, furlongs, pecks, bushells and erlangs], each country gets a coverage zone. NZ's designated coverage zone was right over towards Australia, but I suppose that until there is a gateway in New Zealand, Australia will be allowed to cover as far as they can get a signal in any direction. Presuming the spectrum management people in NZ agree that transmissions from an Australian-based gateway and satellite are in order. It would not look good to let a yacht sink and people drown 600km midway between the two countries because some bureaucrats or Globalstar couldn't organize things. Meanwhile, declaration of personal interest [as if anyone needs one when they are in SI] I loaded up the truck with a whole lot of Globalstar shares which people didn't seem to want. I was so dismayed at the prospect of those sellers getting even lower prices that I stepped in and bought them [borrowing Alan Green$pan's freshly minted offerings - thanks Al and I appreciate the low interest rates]. Unfortunately, due to my impecunious position, I was unable to buy them all. Sorry, Altruistically, Maurice PS: I think Rich Belanger should take up a collection for me for nobly buying stock at prices which few seemed willing to pay. Maybe an award for gallantry or something? Actually, timing was so frustrating and annoying. The stupid Nasdaq was supposed to fall BEFORE Globalstar or at the same time. Not AFTER the price drop when I had to step in. I'd have liked to wait for another week or three to let the Nasdaq really crunch, but I really can't believe that people will sell their shares [voluntarily - margin calls are always possible] at $13 for long. Couldn't take the risk of missing a bargain. So, it'll be REALLY annoying if the markets finally decide that the standard 20% correction should be applied about now and Globalstar goes to $10. Too bad. When Globalstar is $200 a share in a couple of years, I won't be worried about that. Jon, I didn't hear the short squeeze theory first from you. Tarken said it. He pointed out that there were NO shares available to short and apparently the conventional wisdom in many circles is that shorting Globalstar to zero is a no-brainer, same as Iridium. Well, it sure does sound like a no-brainer to me. I personally think that a short squeeze would be great fun! I'm not sure I've ever seen one. But it would be more fun first for Globalstar to bumble along, trying to get handsets right and gateways open and the Nasdaq well down. The QUALCOMM type graphs are what I like to see. I'm patient. Now I have to work out whether the price target for Globalstar should be $201 Feb2001 or $202 Feb2002. Either one is okay by me. If Globalstar slashes minute prices soon {NOT handset prices - unless they include handset costs in the minute prices or a monthly charge], then we should see $201 2/2001. If they goof around the rest of the year, which seems likely, then it will be $202 2/2002.