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

To: Maurice Winn who wrote (3026)	2/19/1999 11:30:00 PM
From: Joe Brown	Respond to of 29987

Save the gloating, Maurice; it reminds me of the saying, "Pride goeth before the fall...etc." Regarding lack of handsets vs lack of customers, I must fall on the side of the latter, I'm afraid. Recall that Motorola had shipped 25,000 handsets by the end of 1998, and was supposedly producing them at the rate of 1000 per day. Hello? Anybody out there? It's mid/late February, so assuming they work only during the weekdays and not weekends, I figure at least 50,000 Motorola handsets out there serving 6000 subscribers. Well, I have only two hands, which can support only two handsets (dialing with my nose); if everyone does this, it still absorbs only 12,000 handsets. Reminds me of the disk drive company out of Longmont, Colorado a number of years back, name of Miniscribe. They booked a lot of disk drive shipments to distribution centers and registered same as sales on the year-end income statement. Then someone went to the distribution warehouse and opened a couple of boxes of drives, only to find they were filled with bricks. Now a satphone is a far cry from a disk drive, and Iridium is no Miniscribe. But if you make 50,000 satphones and sell 6,000, what's to celebrate when Kyocera starts shipping? Good Lord.