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Technology Stocks : GX Investors Thread -- Ignore unavailable to you. Want to Upgrade?


To: Theophile who wrote (213)8/30/2001 4:40:08 AM
From: Maurice Winn  Read Replies (2) | Respond to of 586
 
<Globalstar missed so many execution targets I could not understand how others stuck around for the finale. >

Martin, because at any given time, the share price seemed to me to be well below the value which could be created from the assets remaining at that time. The Zenit, delays, glitches and muck were annoying and expensive, but small compared with the overall value. All were small compared with the marketing incompetence.

Global Crossing is I suppose like that too. Only $4 so people [who understand it] figure that there is way more value than that in potential sales and bottom line. So why sell now? Then, if it goes like Globalstar, sales don't pick up, glitches arise and things get worse....

It's easy to go to the bottom if you think something should work and be worth a fortune. Those who doubt it sell out early to those who think they can really make the assets sing and that it's a bargain.

Mqurice

PS: GX underwater as an investment eh? <It is under the ocean, silly, not out in space>