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

To: djane who wrote (2751)	2/2/1999 10:49:00 PM
From: Joe Brown	Read Replies (4) \| Respond to of 29987

AN EDITORIAL COMMENT FROM JACK MORGAN: After 51 years of observing human behavior (including my own), I have learned that most people want to be associated with winners and success, or to bask in the light cast by those who are successful. Witness autograph seekers, or those who heap praise on political, artistic or athletic figures whose personal lives are a disgrace, but whose "success" is a matter of public (media) record. There is something similar happening here, on the Silicon Investor satellite communications board, and while it differs in some ways from the kind of behavior I've alluded to above, it does not differ from it in a truly material sense. It is known to all that I am an Iridium subscriber. I believe that gives me an insight into the company that most who post on these boards do not have - experience with the product, and with the company. I acknowledge that flaws exist in the execution of the business plan, but I cannot admit to flaws in the product. The Iridium phone works exceedingly well, and the quality problems reported in various articles posted on this board (including those posted today) are out-of-date. There is an obvious mentality extant on this board, and on the Loral board, and it's an "Iridium is lousy, Globalstar is perfect" mentality. Perhaps I should tell you that I have been a Globalstar investor as well as an Iridium investor; this may assuage doubts you have about my ability to be objective. The point I am most determined to make here is that "one wins, the other loses" is a specious argument. If Iridium loses, Globalstar loses; do not make the mistake of thinking that is not true. It has been my pleasure to provide personal commentary on the Iridium system, based on my own experiences. But I have become distressed by the subjectivity of information posted on these boards, including my own (!). Readware, for whatever reason, disappeared from the scene after Globalstar's Zenit disaster. Perhaps he tired of "preaching to the choir". Who can say? But I think he was on to something, which I find appealing. I wish for success for the entire mobile satellite communications industry: Globalstar, Iridium, ICO, etc. To have any other attitude is to commit intellectual suicide. This is not a game. Jack Morgan bids you all farewell...and good luck!

To: djane who wrote (2751)	2/3/1999 2:02:00 PM
From: djane	Read Replies (1) \| Respond to of 29987

RESEARCH ALERT-J.P.Morgan starts communication cos (via LOR yahoo thread) Wednesday February 3, 10:44 am Eastern Time NEW YORK, Feb 3 (Reuters) - J.P. Morgan said Wednesday it started Iridium World Communications Ltd. (Nasdaq:IRIDF - news) with a market perform rating, Globalstar Telecommunications Ltd. (Nasdaq:GSTRF - news) with a buy rating, and ICO Global Communications (Nasdaq:ICOGF - news) with a long-term buy rating. -- Iridium expects to add 500,000 to 600,000 subscribers to its network in 1999. -- J.P. Morgan expects Iridium to remain in its current valuation range if it is successful in adding 250,000 subscribers to its network during 1999. -- with Globalstar and ICO entering the wireless carrier market place in 1999 and 2000, competition will increase and may stifle Iridium's profits. -- Target price for Iridium by the end of 1999 is $37 and $47 by year end 2000. -- J.P. Morgan initiated coverage of ICO with a $19 year end target price. -- According to J.P. Morgan, ICO's market penetration rate translates at year end 1999 into a worth of about $4.5 billion or $19 per share based on the discounted cash flow analysis. -- ICO is the only mobile satellite services company to own its ground network. This will enable it to maintain end-to-end control over the majority of its call traffic. -- J.P. Morgan initiated coverage of Globalstar with a $30 target price, as the stock has significant room for upside appreciation given the company's potential revenue and cash flow generation power shortly after the start of services. -- J.P. Morgan believes the company's satellite launch in the second half of February 1999 will renew investors' confidence in the deployment schedule and drive the stock higher. -- Globalstar's cost structure pro rated over the lifetime of its network under similar capacity scenarios is lower than that of its peer group. -- Iridium shares were off 1/16 at 33-1/8, Globalstar shares were up 7/16 at 19-7/16 and ICO Global shares were up 1/8 at 14-3/8