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

To: Joe Brown who wrote (3029)	2/20/1999 12:26:00 AM
From: Maurice Winn	Respond to of 29987

Where to from here Sorry Jack, but my thinking remains winners and losers [or more accurately, successful and less successful]. Your Iridium solution of selling to governments is not going to be any different from the existing situation - IRIDIUM WILL SELL TO THE HIGHEST BIDDER, ...<<EOM>>... [don't forget royalties folks] and if the highest bidders are governments then that is who will use the service. I don't believe there will be any governmental 'let's rescue Iridium by giving them taxpayer money'. They will just size it up and if a good deal, they'll take it. Neither can Iridium just 'choose' the government market. The terrestrial wireless buildout is trivial and will enhance the demand for LEO service. People are very, very often out of range of a terrestrial network and will remain so for decades. The geographic area covered by terrestrial even in Finland, the USA and Australia is trivial and these are very high demand countries. But soon, nearly everyone in those countries will have WWeb handsets. So there will be multimillions who will buy a well designed LEO handset as an adjunct to their normal terrestrial service. $1 a minute once a week or if on a holiday won't worry them. They might have two handsets, or three. A wristwatch one for jogging or just round town for a 15 minute expedition. A ThinPhone handset for more robust use. A Globalstar dual-mode for really getting to grips with the world. A pdQ for messing around with email, addresses, WWeb and all that stuff. An Anita [TM] with a decent screen for reading books, news, watching 'TV' dealing in stocks etc. Many of the bigger devices will have Globalstar connection and increasingly, most would do. That's my theory anyway. I still think the satcom designers [including Iridium] were really amazing. Iridium just got overtaken by competition before things even got underway. Windows of opportunity don't last decades these days. Globalstar will benefit from all those networks on the ground. The more the better say I. Maurice