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

To: abuelita who wrote (56339)	11/22/2004 11:21:54 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

<dona mention globalstar to me .... ever, ever ever. :(> Rose, cheer up, you are in great company. Hordes of people lost vast amounts of money in the carnage of the Biotelecosmictechdot.com crash and the Globalstar crash was one of the more impressive because of the absurdity of the mismanagement and the fun of firing giant skyrockets up into space. Meanwhile, Globalstar is far from dead [the system, not the original company]. It's a bit like Eurotunnel = the investors lost all their money, but now there's a great tunnel which can be used for millennia. It's like the Great Wall of China and the Pyramids = they cost untold lives, but we like to gaze in awe at the amazing achievements. It's not like Pets.com, Worldcom, or Enron, or Andersen Accounting, or that Bre-X mining scam which left desolation with no good outcome. Globalstar is right now sending CDMA phragmented photons all over the place and hundreds of thousands of people can call from where they never could before. Lives will be saved, huge costs avoided, convenience enhanced and fun had. Thanks to you Rose! The system continues to develop and gain subscribers. Prices are more reasonable these days though still far from the right price. There is still plenty to be done, but work is proceeding. The big issue is; will Thermo, the new owners, when more satellites are needed, think it worthwhile to build them and fire them up? They have to prove sufficient market demand before the satellites fail to go on with spending money on developing the technology and replacing worn out equipment. Personally, I don't think they are doing a good job of that. Their prices are still far too high, so not enough people are willing to buy. Check out the good prices available in the USA globalstarusa.com Oh, I see they have a new web-site. More progress. Mqurice