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: Maurice Winn who wrote (20546)	12/26/2000 10:11:54 PM
From: Art Bechhoefer	Read Replies (2) \| Respond to of 29987

Maurice, there are two possibilities here. First, is, as you note, the possibility that the management genius of Bernie Schwartz has declined with age, allowing the whole company to go to hell in a handbasket. But this would also represent a loss for Loral and QUALCOMM shareholders, and I'm not ready to believe that Schwartz and his staff are so far gone that they can't figure out how to rescue the company, or that Irwin Jacobs wouldn't step in and point these guys in the right direction. The second possibility is that it simply will take time before enough people realize the potential of the service. The cash flow problem could lead to bankruptcy, but in that case, someone will acquire the debt at a discount and rescue the company in the same manner that has occurred thousands of times with other companies that had great ideas but only modest skills in bringing them to fruition. At some point the assets get discounted to a level where an investor can make some money. I'm banking on that worst case. It may not be very good for the shareholders, but at least the bondholders will continue to have a legitimate claim on those 52 satellites and base stations. Art