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Technology Stocks : Fiberspace Investing -- Ignore unavailable to you. Want to Upgrade?

To: Toby who wrote (479)	11/22/1997 12:49:00 PM
From: Sam Citron	Read Replies (1) \| Respond to of 525

Toby, Satcom is both a compliment and substitute for fiber. Its major impact is still years away. I still like f-o and think Corning is a good buy, even though the fiber market is now back in balance. Optics continues to show good relative strength and will continue to substitute for electronics in telecom. I am trying to figure out impact of emerging optics technologies on CSCO and ASND. SC

To: Toby who wrote (479)	11/23/1997 11:57:00 AM
From: JMD	Read Replies (1) \| Respond to of 525

Toby, I am long both Loral (LOR) and Globalstar (GSTRF). That said, I would recommend you start following the LOR and GSTRF threads on Silicon Investor and the LOR thread on Motley Fool--look particularly for posts from "Readware" on Motley--he is a satellite industry consultant (NOT security analyst). I do not disagree with Sam Citron that satellite constellations will not start delivering the goods for another two or three years. However, I obviously do not believe it is too early to begin investing in these stocks. Motorola's Iridium will begin to offer satellite telephony service in 1998, although in my opinion MOT completely missed the boat technologically and has a wildly expensive system and user rates to match. Current stock price assumes a lot of expense account execs willing to pay $3000 for a handset and $4 to $5 per minute for charges. Makes no sense to me. Globalstar will require handsets equivalent in price to today's top of the line cell phones $500 + range and charge $.75 to $1.50 per minute. Service begins 1Q 1999. Globalstar's partners include Qualcomm and it is a CDMA based service. MOT is TDMA. Follow on services will include LAN/WAN, Internet access, car radio and more. Best, Mike Doyle