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

To: Jim Parkinson who wrote (1412)	7/3/1998 11:44:00 AM
From: Valueman	Read Replies (1) \| Respond to of 29987

For July 3, 1998 Unpaid power bill may delay launch of new Mir crew MOSCOW - The next crew to live aboard the Russian space station Mir may not launch on schedule next month, the Itar-Tass news agency reported on Thursday. The two-week delay, the report said, would be possible because of unfinished processing work on the Soyuz rocket. The work was delayed when electricity was turned off at the Baikonur Cosmodrome launch site. On Thursday, Yuri Semyonov, president of Energia, confirmed to Itar-Tass that the launch may be postponed as Baikonur's power was turned off because of an outstanding debt. The crew includes Gennady Padalka, Sergei Avdeyev and Yuri Baturin.

To: Jim Parkinson who wrote (1412)	7/6/1998 9:42:00 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 29987

Jim, Late August? That's a bit slow. Yawn! Globalstar seems to be in a "We'll believe it when we see it" investor zone. My guess is the price will lanquish until either Iridium is a wild success and drool starts to form on prospective Globalstar shareholder lips, or the satellites are happily flying around and all is working The first flight into the new Hong Kong airport was Cathay Pacific direct from New York to Hong Kong! Luckily Iridium didn't have a handset on the plane to boast to the world's media how you can use it everywhere that counts. Of course, Globalstar would have a dead zone of about 3 hours going over the North Pole on the same trip. New York direct to Hong Kong must be quite a significant route and New York to Shanghai or Peking will be too. A shame that the first constellation of Globalstar won't work on all of that route. Similarly for Auckland to Capetown direct! Though I don't think there are any direct flights so the market is thin to say the least. Hopefully for the second constellation there's enough market demand to send the satellites into a polar orbit to improve coverage. Competition between the first constellations should give a good guide on how things will develop. In the meantime, maybe Globalstar will offer a geostationary link for people in polar aircraft who want to communicate and who can tolerate the voice delay. It's all a bit academic anyway while airlines are frightened of people using calculators, cellphones and other electronics which crash aircraft by upsetting the ailerons and fuel pump. The induced static from photonic absorption in fuel tank linings conducted via fuselage metallurgy can also cause mid-air explosions. So you really don't want a cellphone turned on in a plane, they are illegal and Iridium therefore has no advantage. Maurice