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

To: Larry L who wrote (626)	3/30/1998 2:29:00 PM
From: Dragonfly	Read Replies (3) \| Respond to of 29987

"When you are talking about ocean going traffic and airlines it is a very big deal. The poles are a requirement of some governments" The great fallacy of the GSTRF hype is this "who needs antarctica" position. The reality is that until they build 200 base stations, they will not have a global network. They are only planning 30 right now. (And if they are going to build more, I sure can't find it in their website or annual reports) It doesn't matter if there's a satellite overhead if you can't get to a groundstation, you cannot make a call. Also, the NY Times is saying they believe the costs will be comparable to Iridium: $3.63/min for I* and $3.37 + retailer profit for G... so the local dealers will have to tack on less than $0.26 a minute for G to cost less than I* and the difference isn't as staggering has we've been led to believe it would be. (If NYT is right, but they are a pretty credible source!) Not to bash, just to warn. Love my Loral and think both I* and G* will be successful.