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

To: Valueman who wrote (15312)	8/3/2000 1:59:30 PM
From: Geoff Goodfellow	Read Replies (1) \| Respond to of 29987

Right On VMan! However, this board seems so filled with prosperously delusional and denialed longs these days that it's just gone over my threshold of willing to continue to contribute. At this point I've retreated into a lurking mode and will sit back and watch all the rah rahing go on while waiting to being WRONG (by being over!) my prediction back at the launch last year (#reply-11507139) of 50K subs by anniversary date. I have always valued your contributions here and tip my hat in your direction for your willingness to stay the course. Best regards, Geoff

To: Valueman who wrote (15312)	8/3/2000 2:03:46 PM
From: dwight martin	Read Replies (1) \| Respond to of 29987

I think both sides of the table realize that except for the fixed stations, G* always will be a niche device. The difference is that the pessimists disregard fixed-station MOUs because there are none yet, and focus on "niche" as a minimizing concept. The optimists, counting the number of niche applications, the speed with which new technologies can be adopted in them, and the lack of reasonable competition, see these applications delivering high-value, profitable minutes, and they are of course counting on fixed-station to put G* over the top. Based on share price and MOUs, and on fixed-station progress, the pessimists seem to have the righteous position at this time. Because I think G* will survive until fixed-station usage begins and the niches begin to fill, I am an optimist (2:1 LOR:GSTRF, though).

To: Valueman who wrote (15312)	8/3/2000 2:08:02 PM
From: Nancy Haft	Respond to of 29987

Thursday August 3, 1:28 pm Eastern Time Lockheed takes full ownership of COMSAT WASHINGTON, Aug 3 (Reuters) - Lockheed Martin (NYSE:LMT - news) Corp. said it completed its $2 billion purchase of COMSAT Corp. (NYSE:CQ - news) Thursday, ending the satellite communications company's 38 years of quasi-government backing. Defence giant Lockheed, based in Bethesda Md., wound up the deal after receiving final approval from the Federal Communications Commission Monday to buy the 51 percent of COMSAT shares it did not already own. COMSAT was the driving force in the creation of INTELSAT, an international satellite communications organisation that today has 143 member intergovernmental satellite organisation due to be privatised next year. Current COMSAT shareholders will receive one share of Lockheed common stock for each share of COMSAT common they own in a tax-free exchange valued at about $790 million, the companies said in a statement. The transaction took nearly two years because it required Congress to amend the Communications Satellite Act of 1962, which barred an outside party from owning more than 49 percent of quasi-governmental COMSAT. In the first phase of the deal, Lockheed completed a cash tender for a 49 percent stake in September last year after COMSAT shareholder approval and initial regulatory green lights. COMSAT will become a key part of Lockheed Martin Global Telecommunications, a Lockheed Martin telecommunications services subsidiary formed in 1998. The new business will have projected revenues approaching $1 billion.

To: Valueman who wrote (15312)	8/3/2000 5:04:51 PM
From: Investartist	Read Replies (2) \| Respond to of 29987

Valueman, When PSNRY evaporated from $43 on 3/1/00 to a low of $9.25 on 7/12/00 should we have been negative. How about today when it closed at $12.5? Should we bail??? Have you? When VSAT went from $24 to $7 in '97/'98 should we have listened to the press and DUMPED it? It hit $105 earlier this year...nice 1500% profit if you sold then. When Cramer called AMD a hapless company should we have listened? Surely the so called market experts knew something we didn't when it evaporated from $44.5 to $12.75 in '97/98 down 71%. The so-called experts must have been right? The market is efficent...isn't it? However it hit $97 this year before settling back to $65 today. Still it had a nice 500%- 750% return in a couple of years. I'll bet there are not many experts who returned that much in a couple of years. My point is the market is NOT efficient. So much is based on appearance and press. At some point we have to do our own research and use our own minds. If we follow the herd we never do better than the herd. I prefer to be ahead of the pack. Investartist