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

To: djane who wrote (3054)	2/21/1999 11:18:00 PM
From: Joe Brown	Read Replies (1) \| Respond to of 29987

$11 billion for an "internet in the sky" is probably cheap when compared to mega-mergers costing $40-80 billion these days. But the experience of Iridium and Globalstar, in terms of cost-creep, does tend to militate against this system being delivered per the terms of current design specifications. There has got to be a massive consolidation in the satellite industry in the next 2 years, similar to what is soon to hit the internet sector... only then will a "Teledesic-type" system have a chance at creation.