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

To: Valueman who wrote (1585)	8/3/1998 7:04:00 PM
From: Jim Parkinson	Respond to of 29987

I was told that ICO's debt was priced at 15%! That is expensive and tells me that investors are somewhat dubious. Both Gs and I's debt is under 11% I believe and both were over subscribed. It makes me wonder if the other two players will be able to finance their systems. Could it be that we will have only three players in the telephony market?

To: Valueman who wrote (1585)	8/3/1998 7:13:00 PM
From: Maurice Winn	Read Replies (3) \| Respond to of 29987

Anyone know how accurate the latitude and longitude will be? "Qualcomm's portable Globalstar phones will deliver short messages, voicemail and a location detector that indicates a user's latitude and longitude". Can you drop sugar in a teacup with it, park your boat at night, direct search and rescue to more or less where you are lost in a forest, or just know which country you are in? Position location will be a big seller if accurate enough. Security is always a good seller and people will want these in their cars. I guess it will be a 100 metre range, but for all I know it might be 10 metre. Or 1 metre. We did discuss this long ago and there is some successive approximation involved and accuracy depends on how many satellites are hanging around at the time. But two satellites should pin it down precisely over a few minutes. Two ranging signals from one satellite and another ranging signal from another would do it. On IPR, Qualcomm granted an exclusive licence to Globalstar for their IS-95 property. That means no other satellite system can use it. That confers a large advantage to Globalstar for the duration of the agreement. I don't know how long it runs. Commercial operation delayed now until mid 1999! Good grief, this is slipping. No wonder the share price is sagging along with the market. Maurice