Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Maurice Winn who wrote (1976)	9/10/1998 2:33:00 PM
From: dougjn	Respond to of 29987

Oh, I agree with you. Doesn't mean the market will, near or intermediate term. Certainly I don't really know though. Certainly not. Doug

To: Maurice Winn who wrote (1976)	9/10/1998 4:05:00 PM
From: Quilty	Read Replies (2) \| Respond to of 29987

Maurice: I've often enjoyed your posts. Today I bubble forth. Correct me if I'm wrong, but did the leap of faith for Globalstar shareholders suddenly become a chasm-jump a la Evil Knievel? After listening to the con call I felt like a Davidian. No doubt the share price has me unraveled, but the additional launches to "reduce risk" was like a jalapeno on an empty stomach, which is to say I feel sick thinking about it. It would be great to hear from someone savvy in the debt markets. The risk was clearly there, and not unapparent, but yesterday's blow up really drives it home and raises the bar for a clean execution. That Iridium is first only concerns me insomuch as they are more likely to blunder based on their cost structure and different strategy that, in this market, may appear to further discredit our program. Hope things look better from your vantage point. From this window ledge, it looks kind of hazy, lots of traffic noise below. quilty

To: Maurice Winn who wrote (1976)	9/10/1998 6:05:00 PM
From: RocketMan	Read Replies (1) \| Respond to of 29987

I'm not a stockholder, but sorry to see such a huge drop in price based on this launch failure. The space business is risky, and if we ran away every time we had a setback like this we would never have gone to the moon, put up space telescopes, or done half of what we have done in space. A launch failure is always a serious matter, but the fact is that any new space program has contingencies for failures such as this, and there is a reason why payloads are insured. Unfortunately, when rockets blow up they are very visual, and investor confidence can be shaken severely. Not a good thing especially in today's market environment. I suspect, though, that you will be back and this is a buying opportunity for someone.