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: Michaelth1 who wrote (15774)	8/15/2000 11:22:45 AM
From: H. Bradley Toland, Jr.	Read Replies (1) \| Respond to of 29987

To all: here's an interesting post. As I've said before there is going to be a lot of disinformation put out as shorts will need to cover fairly soon, next two qrts or so. regards, bt

To: Michaelth1 who wrote (15774)	8/15/2000 7:11:33 PM
From: Rocket Scientist	Read Replies (1) \| Respond to of 29987

<<maybe it'll have 75,000 subs by end of Q100>> Interesting guess, as that would keep G* exactly on the "Nextel trajectory" Ksubs Nextel G* Actuals 12/31/94 13.5 '00Q1 3A 3/31/95 23 Q2 13A 6/30/95 37 Q3 27E 9/30/95 61 Q4 51E 12/31/95 85 '01Q1 75E 3/31/96 129 It's hard to know what G's undeniably slow start portends for future rates of growth...how much of the slowness is due to (a) technical/production/regulatory problems that are (largely) behind us and anyway (hopefully) nonrecurring; (b) mispricing/mispositioning of the product that is being/can be fixed in a reasonable timeframe; or (c) how much is due to the oft-alleged idea that everybody that can afford G service doesn't need it and anyone that needs it can't afford it. I'm still betting most of the slowness is (a) and (b), but hedging my bet by moving money from G* to Loral. There's no question that BLS was correct when he said in the last cc that "for whatever reason" G* is six months behind plan. In the May '99 investors brief (the one that suggested EBITDA b/e with 220K subs by Q2 Y2K), it was also said that nine gateways and 16 countries would be in service by 9/99; 16 gateways and 45 countries by 12/99. The actual end of quarter results were 3/31/00: 11 GWs, 25 countries; 6/30/00: 17 GWs, 39 countries. Almost exactly six months late; so, does that mean we'll hit EBITDA b/e next quarter? Not likely, of course, but I'm hopeful we'll see enough sequential growth to at least match the "Nextel trajectory" and actually think we'll do somewhat better. That, in turn, is likely to garner additional financing on terms not too dilutive to existing s/h.