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 (20688)	12/31/2000 4:15:38 AM
From: Tahoetech	Read Replies (2) \| Respond to of 29987

Maurice, these were guests of my husband and I had no idea that one of them possessed such an extensive knowledge of telecommunications (worked for Ericsson and is on staff at a German University in research and development in telecommunications)...so I was quite blindsided by his remark that he saw no future in satellites...but pushed UMTS aggressively...and I have no knowledge of this (another) flavor of cdma... he was surprised to learn we still have analog in our area, claiming Germany is far more advanced than the US (I think in our conversation he might have had a propensity for ethnocentricity) but since I don't know anything about the state of wireless in Germany I accepted his statement... at any rate, it might have been a language problem with me but I still refuse to be convinced my investments in Lor/G* are/will be an endeavor in futility... PS: re: pcstel...I try to get along with everyone, but will still hold my ground and defend my position if I think I be right...just as I see you do as well...

To: Maurice Winn who wrote (20688)	12/31/2000 12:00:05 PM
From: pcstel	Read Replies (1) \| Respond to of 29987

Maurice: <Also, PCSTEL is up a gum tree with this 'constellation is worth ZERO in BK' stuff. His Exit 1 to 26 theory is wrong. The simple answer is that the new constellation owner would simply hold and auction, selling bundles of 100 million minutes to the highest bidders. > First of all, Happy New Year!! Since you will probably be the first on this thread to see it!!! How does it look?? Now, back to business... So exactly how much would your 100 million minutes fetch in a Auction?? We'll to someone who already owns a Gateway, like VOD, or Loral.. They can already get all the minutes they can use @ .35 cents a minute, without putting any money up front.. And after all, this is an Auction.. Who else is going to bid against Vodaphone for the North American Minutes?? No one else has the physical ability to resell those minutes (in a timely fashion, without installing a Gateway, and garnishing Regulatory approval).. And since I will buy the remaining Gateways in Bankruptcy(Now, I hope you see why I say the Gateways are worth alot of money.) There will be no other bidders for the minutes.. So VOD could bid .001 cents a minute (even less) and WIN the Auction.. 100 million minutes would fetch $100,000 dollars.. There would be no competition in the auctions.. Because no one else has (Exit #1) to actually use what they just purchased in the auction.. To believe that another company would competitively bid against Voadaphone, or any other current Service Provider, with thoughts that they will build a Gateway are delusional.. All Vodaphone would have to do is show up at the Auction and wave their "Globalstar Exclusivity Contract" around the other bidders.. And the other bidders would be heading out the door.. Oh! Sure, you may argue that the new owners would claim that the contracts are 'null and void'.. But, Vodaphone would surely spend a couple of hundred grand to keep it tied up in the courts under protest for a year or so!! (Or at least until after the auction) if they could get minutes that cheap!! The only people that could use the minutes are the current Gateway owners!! And if they (the current gateway owners) were outbid by Sprint or other company.... They could just shut down their Gateways and leave them to rot!!! And how much could you fetch for GLP in Bankruptcy when the perspective buyers would understand that the current Gateway owners have the ultimate control?? And that their only avenue for near term revenue generation hinged on these current Gateway owners?? And that the Space Segment could/would be held as pricing hostage to the Gateway Owners!! ZERO!! Now, If Globalstar had Inter-Satellite links.. Well, then you would have a different story.. But, alas, they don't.. Let's look at the group that bought Iridium. They purchased the lifetime system capacity based on only 2.5 cents per minute based on a one year system capacity (1 billion minutes.. and they already had the DoD as a customer, with a 75 million dollar contract waiting when the deal was complete!) The Space Segment has ZERO value in Bankruptcy if you don't own Gateways!! PCSTEL