Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Investartist who wrote (14637)	7/20/2000 9:51:32 AM
From: Michaelth1	Read Replies (1) \| Respond to of 29987

Investartist: <Globalstar's growth shows acceleration in weekly MOU from April to July from 30,000 to 118,000. At this rate Globalstar will be at 10 Billion MOU's per year by Q1 2002.> I think that you are living in fantasyland if you think that G* will continue its percentage growth rate over more than another quarter or two. The primary reason, imo, for G's percentage growth is that the original numbers sucked. By this logic, we should have hoped for even worse Q1 numbers. <Developing countries like China and Mexico need Globalstar to meet their telephone communication mandated by their governments as we learned in the CC. > These countries don't "need" G. As people prejudiced towards G, we all see that G is probably the best answer. But these countries don't always make the best logical decisions. Greed and corruption play a huge role. Government mandates tend to go by the wayside as well. Don't bet the farm that G* will secure anything with these governments anytime soon. In the cc, Navarro said that G* is putting together numerous proposals for Mexico. Seems like any contract is a long way off and actually putting the phones into service even further. Bottom line, G* has great promise, but it's a loooooooooong way off and, unlike many businesses with promise and potential, G's debt time bomb continues to tick (and cost G millions of dollars).