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

To: Jim Parkinson who wrote (14431)	7/16/2000 10:30:43 AM
From: Valueman	Read Replies (1) \| Respond to of 29987

So far no sp has abandoned ship nor has any high up i.e. cfo, ceo, vp, etc. Iridium folks were jumping ship in droves by now. Not true. Go way back to Mickey Targoff. Gone. The IBM-import that held the head marketing position, gone. There are other higher-ups that have abandoned ship at G, but you'll never hear about them. How about Mike Kerr? Rumor has it that he has quit G USA(this would be very recent). Can someone confirm that? As for SP's, DACOM and Hyundai are obviously gone for all intents and purposes. You can't forget about them.

To: Jim Parkinson who wrote (14431)	7/16/2000 2:29:36 PM
From: Michaelth1	Read Replies (1) \| Respond to of 29987

Jim - your posts / information are invaluable. Please keep them up. I've long maintained that G* will be a flat investment, at best, until the end of 3Q00 at the earliest at which point G's global rollout should pick up steam (whether the stock price will correlate with G's actual rollout is unknown). By Sept. 00, G* should: (1) have additional key GWs on-line such as Russia (2 GWs), China (2nd GW), Brazil (2nd GW), S. Arabia (a sleeper GW of mine) and Caribbean (good for boaters and PR); (2) hopefully have fixed terminals on-line (the silence regarding fixed is one of my largest concerns); (3) have more roaming agreements in place (although this doesn't matter to G's original target market of cellular roamers, the lack of roaming does, imo, negatively affect the perception of G and thus hurts sales); (4) hopefully have their marketing together in places other than Australia and Canada; and (5) have a cheaper, smaller G* phone (which, imo, is what GUSA is really waiting for in order to start their marketing on the retail front). Until then, I don't see much positive news that can actually affect G other than announcements of "coming attractions" (e.g., IFN, Satmex), but I think that BLS has lost all of his goodwill on Wall St. regarding promises of future glory (in other words, Wall St. wants facts, not projections). Fwiw, I think that G* will have around 12,000 - 17,000 subs as of the end of Q200. One (of many) concerns of mine: I* had 50,000 subs and G* has offered I* customers great deals (including free trade-ins in some places) so that switching to G* is almost risk free; why haven't a large proportion of those I* users switched to G? I don't believe that all that many of them used I in locales that G* is unavailable, so that's not the answer. Put me in the camp of BLS being dishonest, although I think that he's been less than forthright for reasons he felt were appropriate (e.g., obtaining G* financing).