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

To: arun gera who wrote (14154)	7/4/2000 12:06:34 AM
From: Jon Koplik	Respond to of 29987

Re : cost of stopping and doing something (when one is paid by the hour (or, by the driven mile ...)) Although I "hear" what you are saying, I do remember reading a rebuttal to the idea : Of course it makes economic sense for a high-priced lawyer to fly on a chartered jet, since his (or her) time is so valuable. The rebuttal was : the only reason that the lawyer gets to bill at $450 an hour is precisely because it is impossible to be "working" every minute of the day. (No discussion here of dishonest lawyers billing for time they were not working ...) Also -- my favorite part of the rebuttal was the idea that a high-priced lawyer should never go to the bathroom while at work (or -- they should go quickly, I guess ...) since their time is so valuable. Jon.

To: arun gera who wrote (14154)	7/4/2000 1:14:58 AM
From: Maurice Winn	Respond to of 29987

<Long-haul truck drivers are typically paid around $0.30 a mile. If a truck driver has to stop to make a phone call from a rest area, it personally costs him $5 for 15 minutes of stop. Plus the cost of the call for the trucking company. So, a Globalstar/Verizon phone can pay itself off soon enough.> Good points Arun! With a truck doing a mile a minute, that's 30c a minute for the driver and more for the truck company having the truck stopped, so $1 a minute works out to be about even for stopping or driving. But driving gets boring and it would be nice to pick up the phone and while away a few minutes catching up with home. Apart from that, the ability to be always in contact would be worth a good chunk. The company could just phone instead of messing around sending messages via OmniTRACS which the driver wouldn't read until he stopped. If he did read them while driving, the insurance premiums would soon be going up! With the high quality voice of CDMA, the old problem of conducting a conversation in a reasonably noisy environment wouldn't be a problem because the phone would cut out the truck noise, leaving PureVoice. It was pointed out to me yesterday that one of the issues delaying market demand will be the prevalent [if not universal] idea that satellite phone calls are no good because of the horrible voice delay. People will dismiss a satellite phone out of hand, without realizing there is no voice delay in the case of Globalstar. It seems an easy sell! The capital cost and monthly charges would deter quite a few though. Better to have plans which incorporate those charges in the minute price. Only a few hours to the Globalstar Independence Day Celebratory Short Squeeze. Maurice PS: Jon, having eaten, read, written, combed hair, talked on phones and done other things while driving vehicles of various kinds, I can assure you that time is at a premium and perhaps more so than for highly-paid people who can take all the time they like in the dunny or on the golf course. Multitasking while driving is a good thing to do - preferably without increasing the risk of crashing. It also staves off boredom and reduces the risk of accidents by giving the driver's brain something to do other than just go to sleep. It's hard to sleep while talking on the phone. Alert drivers are safer drivers - also happier and more productive.