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

To: Valueman who wrote (2852)	2/8/1999 7:16:00 PM
From: djane	Respond to of 29987

I'm kind of fond of the following section from the articles "If you add the total capacity of Iridium, ICO, Globalstar and others, and you add in the total capacity available [for mobile satellite services], it will only add up to be a fraction of the demand that's out there," he said. Schwartz said in order for Globalstar to meet the demands of its projected 7.5 million subscribers in the first generation of service, scheduled to start Oct. 1, Globalstar is focusing on getting handsets to customers and providing a low-cost service. Schwartz also responded to a question regarding whether he had placed a call on arch-rival Iridium LLC's [IRIDF] system. With tongue in cheek, Schwartz said he had not but would love to if someone gave him a phone. That response prompted Loral president and chief operating officer Greg Clark to chime in: "We can't afford the handset."