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

To: dougjn who wrote (352)	2/7/1998 10:55:00 AM
From: JMD	Respond to of 29987

Doug, Maurice (and 'looking for conversation' Brian, Having re-read yesterday's posts (my own included) in the cool, gray, light of dawn, it is more obvious than ever the the Q is not a stock, it is a religion, and that this is not a discussion forum, it is a support group. And that is terrific. Super posts from all you guys. Maurice, my dauber is down but I ain't pulling the rip cord. If you haven't listened to the CC replay, you ABSOLUTELY should. I've attended a fair number of these little affairs, and this one was about as grim as I can recall. If it was just Korea, I'd be a little jauntier this AM. But: the Q phone ain't selling and the next gen model is hung up at the FCC. That is fundamental blocking and tackling type stuff, management should be taken to the wood shed on those two. I expect these guys to be the phone pros from Dover with no screw ups allowed. Now I feel better. If the Q wants to sell phones like 6 packs, that's great. Then they need to move production to SEA or Mexico, cut costs to the bone, and crank 'em out like razor blades. Fine with me. Just a while ago however, we were going to be the high end phone maker with Samsung doing the disposables. The Q needs to figure out what end of the market makes sense and go for it. Maybe there isn't a market for high end phones--even the SI Q thread with its legions of fanatics thinks the QPC 2700 is the best buy. Jesus what a mystery that the $500 single mode Q phone isn't selling! I think your idea of the Q buying Samsung or whomever for $2.37 down and $200MM when you catch me is great stuff. I also think it would demonstrate boldness from management at just the right time (Maurice, I assure you that they were not on their game at the conference call, they sounded confused and scared, tight lipped and grim. Every analyst in the room picked that up and ran for the exit doors.) Doug, you are right that there will be further market setbacks from the Asian affair. AMAT announces Tuesday--that will be momentous. I am reviewing the stock list you posted and will respond shortly. I guess the institutions who decide to bail on the Q will put the stock under pressure for several more weeks. I remain a buyer at anything under $45 which I consider a gift. My last adds were at 46 and 47. I do not deny that a panicky market could take it to the mid to high 30's at which point the risk reward ratio would be extremely attractive. Thanks again for your suggestions (the oil rig stuff looks very interesting). Regards, Mike Doyle