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

To: Maurice Winn who wrote (14174)	7/4/2000 6:27:56 PM
From: SKIP PAUL	Read Replies (1) \| Respond to of 29987

Gilder post: My view, often stated, is that far from a high capital cost entrenchment, subject to erosion by terrestrial rivals, Global Star is supremely cheap for a system that will soon command global coverage (and even tropospheric reach, judging from the recent Qualcomm-NewsCorp play). Moreover, Globalstar will improve more rapidly than its rivals with the advance of its earthbound electronics and its currently retarded marketing. In any case, it bailed me out last week, when stuck on a cruise boat in the Baltic and required to submit my book corrections in two days, I discovered that there was an air controllers strike in Paris that would jeopardize delivery of my necessarily hand-edited page proofs (red pencil required by my excellent but still antediluvian publisher). Using a Globalstar phone, I could assure my editor that the corrections were on the way and vitally important (truly egregious errors had crept in as usual during the fact checking process). The Globalstar acoustics were amazing. There are going to be myriad uses for this bandwidth and coverage. --GG

To: Maurice Winn who wrote (14174)	7/4/2000 7:23:54 PM
From: Rocket Scientist	Read Replies (1) \| Respond to of 29987

<<5. Confirmed that June is ahead of plan for rollout, (for what that is worth) 6. Gateway deployment going very well.>> Maurice, I wish your correspondent were not so gullible, or at least would provide specifics of the "plan" that we're ahead of. Although a lot of his other comments sound good and I'd like to believe them, the above two strain all credibility. There was a "plan" in last year's shareholders' letter to have 38 GWs on line by mid 2000; there was a "plan" in May '99 to be at EBITDA b/e by now; there was a "plan" in the January prospectus to have 82 countries in billable service by 6/30; there was a "plan" to start service in Russia in March; there was a "plan" to introduce service in the countries neighboring the Venezuela and Finland Gateway in April or May; there IS a "plan" on the GLP website to service 59 countries in June. But, all evidence suggests less than 40 countries are actually in commercial service as we speak, yet we are ahead of "plan." Somebody please post a copy of the current "plan."