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


To: dwight martin who wrote (17164)9/21/2000 2:40:30 PM
From: pcstel  Respond to of 29986
 
dwight... The answer to where the phones are lies in the 10-Q's.

From the Consolidated Balance Sheets

Line Item "Assets: Production gateways and user terminals"

Dec 1999 $114,980
March 2000 $126,453
June 2000 $165,676 million

All 38 Gateways were delivered by Qualcomm in the last part of 1998.

So in my opinion.. the 50 million increase in the Asset column came from UT's.. According to Qualcomm at their shareholder meeting. Qualcomm was producing phones and delivering them according to orders directly from / to Service Providers. Yet we know that the difference between Qualcomm publicly announced production numbers and G* sub add rate are way out of kilter. I expect more big shipment of G* phones from QCOM this quarter.. In my opinion.. They need the bookings for QWS.. I expect QWS numbers to be up to a large degree this quarter.. My guess is that they are producing over 15,000 fixed wireless terrestrial phones per week for one of their "wireless investments" in the Latin American (Brasil) WLL operations.

PCSTEL