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Technology Stocks : GLOBALSTAR - The New Beginning - GSTRF / GSTRQ -- Ignore unavailable to you. Want to Upgrade?

To: pcstel who wrote (33)	4/25/2003 11:28:16 AM
From: verdad	Respond to of 65

Yeah. As imj might say, "It could be exciting" if enough industry heavyweights got behind it and were really interested in promoting the service on a GLOBAL scale (including a long term plan for re-launch of the next generation satellites or constellation maintenance which seems to be right around the corner). Positioning wise, the service might have to have an a-national appeal (i.e. not be associated with any particular nation, but operated as a separate entity serving customers from any country with equal regard). Likewise, it would have to be omni-compatible with all wireless technologies and not be associate with CDMA, GSM, etc. regardless of what flavors of technology it does use. It has to offer something beyond current terrestrial wireless, but with all the benefits of terrestrial wireless at a reasonable premium. It would be a tough act, but with some creative financing, maybe its possible. Several companies might have to make concessions that they weren't willing to make the first time around. They could capitalize on the current uncertainty in the wireless industry to recruit some good resources to create a new identity that incorporates the benefits that currently exist in many facets of a fragmented industry. Saying that and doing it are two different things, though. It would not be an easy thing to do. LOL! This probably sounds very similar to what the drawing board looked like for Globalstar. Well, I guess they should just find people dedicated to overall project success and create an organization without conflicts of interest. - g/ng -

To: pcstel who wrote (33)	4/26/2003 3:49:48 PM
From: waitwatchwander	Respond to of 65

>>>>> Qualcomm would end up with a larger percentage ownership in a debt free Globalstar than they had with GLP PI's. (~8% vs. 6.5%) That's 8% of nG* equity and 3.5% of the votes. The split of shares into separate voting classes is most interesting. A popular nordic trick. I assume, it was requested to ensure complete control of the venture. This lobster's still crawling around the pot. The marrage has to be consummated. Potential for massive secondary dilution, total loss of control, manufacturing rights and IPR flying out the door and Where's Bill? All to get NXTL into CDMA and peddle some Q-Chat! ... Qmmmm ps I assumed the class B shares get 3.273 votes per share. Is that correct? The dot in the PDF was not distinct but 3,273 seems somewhat improbable. pss What's ICO worth these days? ... $1.2B in 2000 + 2 acquistions