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

To: Jeffry K. Smith who wrote (11551)	4/6/2000 8:03:00 PM
From: Rocket Scientist	Read Replies (3) \| Respond to of 29987

I think Maurice was talking about the phone, and, especially, airtime prices...not the stock price. But, responding to M's frequent rants that G* service isn't priced optimally, I'd observe that in the US, the retail distributors compete with one another, and that competition is already producing apparent winners and losers. The prices for several US distributors are available on their web pages. GMPCS has for a long time been cheaper by 10-20% than all others, plus more aggressive in rolling out Iridium tradeins and other specials, plus it has published LD and roaming rates and has a phone lease plan, many of which its competitors lack. Guess what: GMPCS says (and Jon Koplik and some other posters seem to confirm) it's very, very busy. Unfortunately, it's a small enough firm that "very busy" may mean only a few dozen subs per day signed up...it's hard to tell. But, by all accounts, its share of the G* business plan is well ahead of expectations. Sooner or later it's US competitors will wake up to the fact GMPCS is eating their lunch, and prices will sink to a point that all (successful distributors) are "very busy." Maybe that's already happening... G* USA distributors are listed here: globalstarusa.com Special offers in effect are summarized here: globalstarusa.com It would be interesting to call the other distributors and ask them why they don't match GMPCS' pricing. Maybe they already have all the business they can handle. (Maybe they're just stupid or lazy!) Inquiring shareholders want to know...

To: Jeffry K. Smith who wrote (11551)	4/6/2000 11:15:00 PM
From: Mr. Adrenaline	Read Replies (1) \| Respond to of 29987

What I read was that Valueman, who may choose to speak for himself, DOES think that LOR & GSTRF are screaming buys, but that he chooses not to participate regardless, because of issues with management. To be sure, the down side of LOR is about $10 right now, and GSTRF is about $13. If you believe in the story, as I do, they are screaming buys. FWIW, I am buying at these levels. You must make your own judgement about management. Mr A

To: Jeffry K. Smith who wrote (11551)	4/7/2000 2:04:00 AM
From: Maurice Winn	Read Replies (2) \| Respond to of 29987

Sorry Jeff to be unclear [again!]. I was just saying what Valueman thinks = GSTRF and Loral are NOT buys at the moment. He is very well informed, more so than nearly anyone. His particular dislike is the management of the companies. If Irwin Jacobs and co were running Globalstar, it would be another story. But investors cannot separate management from a company. Bad management can destroy anything. You get the assets and the management. The fact that the assets are great does not make the company a great buy if you think the management rotten. I was pointing out that people 'discovering' Globalstar doesn't necessarily make the price go up for longer than a 'sucker's rally'. George Gilder caused 'sucker's rallies' as people bought the company without realizing that GG does NOT say at what price a company should be bought. He just means the technology is great and will succeed. Maybe not with the same shareholders if they can't run the technology properly. On the other hand, my own opinion is that Globalstar is a buy at these levels and I have put a LOT of other people's money where my mouth is. I'm not happy with the marketing efforts, and think they have years of mismanagement still to go since there is no hint of 'Cat's Eye's Minute Pricing'. So I cut my buy price from $35 to $15 to allow for the huge opportunity cost due to a slow and wasteful rollout. What worries me is when my opinion differs from those whose views I value [such as Valueman]. He says don't buy. I say buy. Make up your own mind who has got it right! My $15 guess was wrong since the price then went down to $11. Maurice