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

To: Souze who wrote (20606)	12/28/2000 9:35:52 AM
From: tensforme	Read Replies (5) \| Respond to of 29987

You are not missing anything Souze. Getting rid of the SPs is the ONLY way G* will succeed in my opinion. They aren't selling, they REFUSE to sell, they have squandered an opportunity.....So as I've been ranting for months now - give the ball to someone who'll run with it! A direct sales force w/ plenty of incentive! There are many areas even here in S.California where no adequate cellular network exists. Or where it can be found rates are $0.35/minute. Now I submit to you that I will never be a G* customer (unless G* can make car use inexpensive), but what about these millions upon millions who live totally out of cellular range? What is holding them back? It's the PER MINUTE RATE! $1+/minute! Who but the very "needy" need to talk that bad! What initially attracted me to G* was Gilder's argument for a low cost (.10 to .15/min) operational structure. The thinking went that because of this low operatinal cost G* could wholesale minutes at ~ 25 or 30 cents and the SPs could retail at 50 cents and everyone would be happy. Right? Well, if this model still holds true - that there was money to be made at 50 cents retail, then someone isn't holding their end of the bargain. Read: SPs. The first order of business: Dump the SPs. Second order of business: Recognize who the competition is: SPs and cellular. Third order of business: Drop sat rates to $0.20/minute. Fourth order of business: Drop sat phone to $300 per Final order of business: Hire the best direct sales force money can buy and sell G* until the cows come home. At $300 or so for the phone, $0.20/minute anywhere coverage and satisfactory use in a vehicle, I know about 50 million mobile phone users in the U.S. who might be interested. I ask again, is there any way to divorce ourselves from the SPs at this point? Or do we need to start a brand new company? Regards to all G* longs, Charlie R. PS. I'm no longer long but still love the G* concept.