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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT -- Ignore unavailable to you. Want to Upgrade?

To: Jon Koplik who wrote (26151)	11/2/2006 2:05:54 PM
From: Maurice Winn	Respond to of 29987

Wow, that was quick. So it has. I didn't realize they had listing and were ready to go. finance.yahoo.com Sure enough and the price is right in their nominated range for their IPO [unsurprisingly]. There are a lot of shares "out there" owned by QUALCOMM, Thermo and Columbia Ventures. They are obviously not just unloading them as soon as possible. The market capitalisation is about $1 bn at $17 a share. Which is about the cost of launching constellation II. News item on the IPO: biz.yahoo.com Thermo has had a very good return on investment at that price. I wonder why QUALCOMM didn't do it with all their huge stack of money which got nowhere near a 10 bagger return which Thermo got - maybe it was a 30 bagger as they haven't put much in and I think took a dividend out [or some repayment]. I forget the details. Thanks Jon. We're off and running again. No, I am not buying shares in Globalstar Incorporated yet. Though I probably will one of these days, depending on what they do with their marketing strategies, which I still dislike. Mqurice

To: Jon Koplik who wrote (26151)	11/3/2006 6:01:52 AM
From: satman	Read Replies (3) \| Respond to of 29987

GSAT: This will be VERY Interesting. The S-1 Filing for Globalstar points out many of the risks associated with the offering. One thing it did not point out was the facts of the health of the current constellation. Has anyone tried the service? If not, go outside and see if it works. I question anyone who sunk their $$ in this yesterday to even know how healthy the product is. There is a very bumpy road ahead with the replacement of the constellation and waiting until 2010 will be a stretch at best. 2008 would be a stretch after Iridium and soon (Inmarsat handheld) take all the dissatisfied customers away from GSAT. I'm a long time user of handheld satphones and just traded in my Qualcomm Globalstar handset for an Iridium for purely one factor - reliability. If every Globasltar customer who took their phone out of the closet (since that's most of the users base, not oil & gas companies humping thousands of minutes) and tried to use it, there would be an onslaught of churn and defections. Needless to say, I'll sit back and watch the struggle. All I have to say for GSAT is "Can you hear me now?" Robert White