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

To: Dragonfly who wrote (1361)	6/18/1998 1:45:00 PM
From: Rocket Scientist	Respond to of 29987

G's plan at time of IPO was to start service with 24 sat's, some nine months before the full constellation was planned to be in place; of course there has been cost growth and schedule erosion with respect to that plan--noboby's perfect. It's not clear to me that anything besides capacity is significantly effected if they have 32 sat's up and operating instead of 48; if it's only capacity, it's a non-issue, because things like UT availability and normal time to ramp up subscriber base will prevent full capacity usage anyway. I don't mean to say that Zenit success is immaterial, just that the G business plan can sustain more l/v delays and even failures than is perhaps recognized. I'm more worried about the gateway deployment schedule and regulatory approvals around the world.