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To: Earlie who wrote (23320)	9/30/2000 1:13:40 PM
From: KyrosL	Read Replies (2) \| Respond to of 436258

I accept the challenge and have marked the post. Let's revisit it in a year. I think G* has a fair chance (perhaps 50%) of survival in its current state. I think that in the event of bankruptcy, G* has a 100% chance that it will reemerge (minus a good chunk of its debt) and prosper. The Iridium analogy is false because G* has ten times the Iridium capacity and less than 70% the Iridium costs. G* can discount its wholesale minute price (currently at 47 cents per minute) to 10 cents per minute and still make a handsome profit. A post-bankruptcy G, unburdened by most of its debt, can wholesale minutes at less than 5 cents and be competitive with terrestrial providers. G already owns worldwide spectrum that can be upgraded to 3G speeds via Gateway and sat phone upgrades, without touching the satellites. Terrestrial mobile service providers paid more than $70 billion for 3G spectrum in just two countries: Great Britain and Germany. And they will need hundreds of billions to build worldwide 3G infrastructure. So, if Globalstar makes it over the debt hurdle in the next 6 months or so, it has a good possibility of soaring. Here are some G* earnings scenarios FYI. Message 14446818 This is all my opinion of course. If you decide to go long, don't blame me if it goes bankrupt after all <g> Kyros