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

To: tero kuittinen who wrote (12327)	5/7/2000 10:33:00 AM
From: MileHigh	Respond to of 29986

tero, Good points, I can't argue (or don't feel like it anyway <gg>) with that. G* service works and has potential, but that is only half the battle. MileHigh

To: tero kuittinen who wrote (12327)	5/7/2000 10:41:00 AM
From: lramzi	Respond to of 29986

GLP's current problems are not structural as were Iridium's. Iridium had no choice but to charge the absurd rates to cover their costs. Glablstar can reduce their rates drastically and still remain profitable. Louis

To: tero kuittinen who wrote (12327)	5/7/2000 10:49:00 AM
From: Rocket Scientist	Read Replies (1) \| Respond to of 29986

Tero, numbers from Brazil will be interesting, indeed, (I remember BLS saying he expected 1-2K subs in the first month alone), but no one should be surprised if numbers in Europe are low....it's the worst market on earth for G, obviously, especially in the absence of ERICY phones and maritime kits. What killed Iridium was not failure to meet the expectations of equity investors...it was the failure to comply with loan covenants. G has 11 months before that's going to be an acute problem. IMO, what mgmt needs to do is distinguish between "slow start" caused by regulatory delay and local SP issues, as opposed to "slow demand" because the product is not attractive at current price point. It's obvious we have had a "slow start" relative to Sept99 forecasts. These delays have no obvious connection with demand. The anecdotal evidence of demand in places it can be observed (N. America and Australia) is pretty good, imo. I'm very encouraged by the large number of local distributors and/or wireles operators that are offering G* in US, Canada and Mexico. It's obvious, too, that Vod Australia thinks it has a winning product with G. S. America is unknown; China, Russia, S.Africa and the middle east haven't started yet. So, management has done a bad job setting up reasonable expectations, and then fulfilling them...it deserves criticism for that. OTOH, when it has needed to raise money, it has done so on pretty good terms so far. By the time (if it ever comes) that it has to raise more cash, there will be pretty compelling evidence of G's future in the form of real MoUs and revenues....in the meantime investors, short or long, have to deal with a lot of uncertainty.

To: tero kuittinen who wrote (12327)	5/7/2000 11:16:00 AM
From: Geoff Goodfellow	Read Replies (1) \| Respond to of 29986

Tero, without also trying to annoy Skip (though I too can't claim it isn't a factor), hasn't management repeatedly said they were not going to disclose subscriber numbers, but rather just MOU's (Minutes of Use) and everyone would have to "make do" with MOU's to judge? I recall that management advised those who didn't buy in (i.e. believe!) in their metrics were told they should instead buy Wheaties (http://www.wheaties.com). To top this off, hasn't management recently told shareholders they can't tell if the MOU's are free or revenue producing? Geoff

To: tero kuittinen who wrote (12327)	5/7/2000 11:17:00 AM
From: Veiko Herne	Read Replies (1) \| Respond to of 29986

Tero I don't understand, why are You posting here at all. If You are happy with Your GSM handset in Sauna and not have short interest to GSTRF, why bother. Globalstar told us already last year about slow launch of service and about testing the market before big campaigns. So, why compare again it with Iridium big expectations after launch. Personally, I'm very satisfied with the development of Globalstar marketing and services. There is no handsets to sell in Europe. I have asked the Ericsson handset everywhere long time and nobody haven't delivered it to me. So, I decided to buy Qualcomm from GMPCS, when I will be in states again in June. As the stockholder, I won't expect anything from Europe soon. And probably the full Europe will go bankrupt before even I expected (look, what USD rate EURO is going). I expected 20 years, but in current situation Europe needs to make revolution within few years and stop the stupid licensing and bureaucracy. And Europe will follow SAT phone trend last in the world, as always. At least, it has been very interesting weekend in this thread. Our thread here was SI TOP 1 position yesterday and 3rd today. Veiko