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

To: pcstel who wrote (16892)	9/17/2000 4:16:50 PM
From: KyrosL	Read Replies (1) \| Respond to of 29987

pcstel, I am not as pessimistic as you are on LOR and G* management. I have learned over the years that Wall Street's perception of management competence depends heavily on a company's stock price. For example, Wall Street had a pretty low opinion about your hero, Irwin Jacobs, almost all the way up to the Ericsson patent victory early last year. It is those that recognized QCOM's superior technology and management before 1999 that earn my respect. BLS happens to be one. Let me list some accomplishments of BLS and the Loral management, you so revile. 1. They embraced CDMA and chose it as their satellite air interface at a time when many in the industry thought it would never work. 2. They built a satellite system whose cost per minute is an order of magnitude cheaper than its only competitor -- Iridium -- and is far superior in terms of upgradability and call quality to boot. They beat one of the premier technology companies -- Motorola -- to the punch. 3. They now own invaluable worldwide spectrum for voice and data, for which they have paid very little. In a few years, the immense value of this spectrum will become apparent. BLS does have a habit of getting bargains for his stockholders, even if they are not immediately apparent -- for example, Loral's orbital slots. 4. And, finally, we come to the marketing of the system. Here, Loral and G* have deliberately shed control to the Service Providers -- they had to, to smoothly get hold of the spectrum for nothing. And as Gregg Powers so eloquently explained in his posts: Message 14225524 Message 14228658 Message 14231458 Message 14235070 Message 14248959 the Service Providers are like an elephant herd. Slow to move, but watch out when the stampede starts. BLS and Loral were wrong in thinking that the SPs would move much faster marketing the system, and more adventurous in pricing. On the other hand, anecdotal evidence suggests that G* users have an extremely low return rate, which bodes very well for the future. Kyros

To: pcstel who wrote (16892)	9/17/2000 4:53:50 PM
From: Investartist	Read Replies (1) \| Respond to of 29987

PCSTEL, thanks for your post. Irwin Jacobs is someone you apparently admire as I do, yet you don't share his vision of Globalstar. Why do you seem to depart with his judgement on this? Last week, he was seen grinning from ear to ear on the IFN demo....obviously very pleased. Yet this technology he was so pleased with (IFN) can't happen without Globalstar. Last week, he also came on CNN and spoke very favorably about Globalstar.....expects it to be profitable. He did not have to say this. Does he have a greater vision? I do believe Irwin Jacobs is a great leader and innovator. This is why HE is the CEO of a great company like Qualcomm. Is he a bad CEO as you suggest of BS because his stock price has tumbled enormously this year? I quote from you: ".....do I suddenly change my views, and start stating that I think BLS is a great CEO.. NO!!! Because the price of GSTRF/LOR share price indicate the opposite.. " QUALCOMM, with GREAT management has lost 66.5% of its share price since the first of its year from $200 down to $66.5. Are we to say the "share price indicates the opposite" as you suggest? By the way, Globalstar and Qualcomm are down almost the same percentage this year....interesting. I say Irwin Jacobs is still a great CEO despite your characterization that share price is a reflection of the management. Wall Street just does not understand the future of CDMA and its importance in efficient use of bandwidth. Likewise, Wall Street does not understand Globalstar....just thinks it is another I*. This gives us the unique opportunity to load the boat before Wall Street wakes up. Just ask George Gilder as I have. Irwin Jacobs has been a part of Globalstar since the beginning. I predict he will support it in the future. I believe Irwin Jacobs, like George Gilder sees tremendous potential and future in the only LEO CDMA global sat phone system in the world that allows seamless telecommunications. It uses his CDMA technology and gives him a global presence. I bet if you talked to Jacobs now he would tell you that IFN will be big. Globalstar is the lynchpin that makes it superior to Connexion and Tenzing. I bet he would tell you that ARCOM and many other companies are ordering the Globalstar Packet Data modems by the thousands already (as we have heard) and they are going to be backlogged for such uses as SCADA and Oil company monitoring. He would tell you of aggressive work being done by Qualcomm to ready the military CONDOR encrypted phones for use with Globalstar. It is interesting that his view of the importance of Globalstar is most likely different than yours. I know Gregg Powers knows him personally and can bet you he discussed Globalstar with him before making his 10% stake in GSTRF. Whose vision should we bet on Jacob's or PCSTEL's? Investartist