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


To: Raymond Duray who wrote (30145)3/26/2003 4:57:35 PM
From: Maurice Winn  Respond to of 74559
 
Ray, thank you for asking: <Tell me about Globalstar.. once again.. it was such a lovely fantasy, and you sold it so well for so long.... I hope you made a lot of money by cheating a lot of others who weren't quite up to speed about your game.>

I get sad when people ignore Globalstar.

Globalstar is alive and kicking. Not the company, which is defunct, but the reality, which is actual satellites, gateways, handsets and customers, fibre, control centres and petatrillions of those miraculous CDMA phragmented photons, suffusing the planet with their magical powers or peace, light, harmony, .... etc.. etc, blah, blah, blah.

Those who invested were the noble few. Those who have the means are the ones who must challenge the cosmos with their imaginations and resources. Those who struggle daily for existence are too busy surviving to take the risks of the noble.

Not all who challenge the cosmos win. The evolutionary record is that 99.9999999% of DNA attempts failed to make the grade and escape the cruel filters of survival in a red in tooth and claw jungle, wracked by war, forest fire, volcano, flood and tsunami, not to mention the more painful rejection in the sexual selection stakes where many fall by the wayside, unloved.

Who Dares, Wins. Or loses in the majority of cases, but that's just the price of progress. Being Homo Sapiens Sapiens Ego Ego Itists, we don't now just randomly challenge the cosmos - which almost invariably has fatal consequences, with vast entropy expense. We use our applied ego, sapien and imaginations with It's integration and iteration to model what might happen if we do take the plunge.

Anyway, to cut a long story short, Globalstar will, like so many wonderful things about homo sapien sapien ego ego Itists, be built on the shoulders of those giants who have gone before [that's me and my friends, family and their money and the suckers you mentioned]. Those who come after will reap the benefits of, repeat after me, cdma2000 phragmented photons suffusing the world with peace, light, harmony, happiness, health, prosperity, longevity, fun and love.

Noblesse Oblige,
We the Giants [albeit deceased],
Mqurice



To: Raymond Duray who wrote (30145)3/26/2003 5:17:51 PM
From: Maurice Winn  Respond to of 74559
 
<Now the Death People have full access to Iridium and no one else does. Are they doing the same thing with Globalstar? I haven't followed the money trail there as completely.>

Actually, Ray, that's incorrect. Iridium is available to all. Even you can buy a phone and start being monitored by Homeland Security, the CIA, NSA, Office of Disinformation and I have no idea who else.

As far as I know, Globalstar is just trundling its way through the bankruptcy court, with various creditors squabbling over the bones, the flesh having been fully consumed.

The money trail is easy to follow - it came to a stop with none left. The money that was poured in went to suppliers, over-paid people, bad marketing, lawyers, and general hangers-on.

The most spectacular loss was the Zenit crash with 12 satellites on board, over Siberia. That pretty much put paid to Globalstar. Somebody forgot to untie a mooring rope on the launchpad though they claim it was an argument among 3 onboard computers which led to the failure. It was a silly logical error - along the lines of the good computer turning itself off because it thought the other two knew what they were doing [they use a voting system if I understand it correctly].

The cost was only $100 million or two. But the consequence was a year's delay and loss of confidence.

If they'd launched on time, the window of opportunity for the technology they had at hand might have allowed them to succeed even with a flawed marketing plan.

The money trail has ended and the well is dry. A deal has been arrived at with Loral so once the bankruptcy court has agreed the restructuring, the Phoenix will be away laughing again.

Unfortunately, the USA military evinces little interest in Globalstar, although I think they would do very well with it and especially with subsequent constellations with upgraded gateway and subscriber terminal technology.

Mqurice