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To: SafetyAgentMan who wrote (10102)7/17/2002 6:16:58 PM
From: Maurice Winn  Respond to of 10852
 
Ooops, sorry SAM. I got involved with the actual comments and forgot that you were just quoting somebody else.

I'd still like to see the 10c to 20c range! 10c regional, 20c international, or something like that.

Waiting, waiting, waiting for the longggggg-running reorganisation [and Blackstone solution].

Mq



To: SafetyAgentMan who wrote (10102)7/17/2002 9:07:42 PM
From: pcstel  Respond to of 10852
 
"Regarding Vodafone, I agree 100%. They were the #1 reason G* failed."

I disagree! I believe that if Verizon had never been formed. Airtouch would have used Globalstar to try to complete their Network. I remember posting about a trip I made to a Airtouch/Vodafone store in December of 1999. Globalstar was ready to launch and not one speck of information about it for holiday shoppers standing in long lines to look at!

The creation of wide reaching Global GSM roaming agreements is what killed the Satellite Phone market.

Suddenly, it went from a device every Intl. business person would need. To a niche device that very few Intl. business people would need.

It's not that Vodafone didn't market it! It was that there was no one to market it to!

However, on accounting issues. I find it Ironic that during the period that this stock hit it's highs in Jan. 1990. The Company was actually in default! They did not make the 15 million dollar Jan. 15th 2000 loan repayment to Qualcomm. No SEC statements were issued, or Press Release provided. It was not until a month later at the Qualcomm shareholder meeting when I questioned Irwin on this subject that the truth came out. Irwin stated they were discussing new payment terms and increased VF facility. So Globalstar was in default in my opinion. And the new deal was not announced until May!

PCSTEL