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

To: ccryder who wrote (1394)	6/24/1998 1:45:00 AM
From: Jeff Penrod	Read Replies (2) \| Respond to of 29987

A couple of things: I have a personal friend who went to Kazakhstan to do some controls system analysis for the GSTRF launch, so they definitely are looking over the Russian's shoulders. They probably don't need to be. I work with the Russians on space stuff and they are very good and definitely know how to launch rockets with no help from us. Second, I think the Delta II is the most reliable booster presently in use in the World. I don't know the exact number, but it is around 95%. If you look at the cost numbers for GSTRF satellite launches on Delta vs. Zenit it appears that one can "afford" to have one Zenit blow up in exchange for three successful Zenit launches and still save money over Delta with no failures. This ignores the schedule impacts associated with making 12 new satellites and getting another Zenit. While I'm here, I think GSTRF is bound to be a successful enterprise and consequently a good long-term stock. I have owned it on and off since the IPO. Having said that, it seems like the stock will go down if the Zenit launch fails. On the other hand, it probably will not go up too much if it is successful. Strictly FWIW, JP