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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (27942)	1/26/2003 11:23:39 PM
From: LLCF	Respond to of 74559

NEW YORK (Reuters) - The U.S. agency that insures pensions for about 44 million Americans has seen its $8 billion surplus wiped out in one year by growing pension fund failures, and has fallen into deficit, The New York Times reported on Saturday. The Pension Benefit Guaranty Corp. will disclose a deficit of $1 to $2 billion in its 2002 annual report, expected to be released at the end of next week, the newspaper said. DAK

To: LLCF who wrote (27942)	1/27/2003 1:35:35 AM
From: Maurice Winn	Respond to of 74559

Yes, I'll be following it. I would love to own a Tonka Truckload of stock. I remain convinced that it is the most brilliant opportunity which exists. It is a sad reflection on people that they were unable to make such a splendid opportunity work simply because of their absurd marketing ideas [namely, charging a fortune, instead of a pittance, for the minutes until the system was full]. I expect that there will be several constellations and total global coverage in a few years when/if the marketing people finally offer subscribers a bargain. They can produce minutes for 2c a minute in new constellations. That's seriously cheap. $1.20 an hour. They could charge $5 an hour and sell umpty billion minutes to rural people and travellers. Heck, they could undercut normal cellphone roaming charges and get vast numbers of customers - the sky would darken with satellites. New generations of Globalstar handsets will be radioOne cuties, with longer battery life, multimode, 1xRTT with high data rate cyberspace download from geostationary blasters. It's a tragedy [literal] that the service has been so ruined - many lives have been lost which would have been saved if the technology was everywhere. The opportunity cost in lives is high. The financial opportunity cost is enormous. Right now, the offer for half the assets is about $50 million. That excludes gateways other than in North America. Creditors will get the other half. Existing shareholders will get the opportunity to buy some shares [perhaps at exorbitant prices for all I know]. Watch that space! Mqurice