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

To: Goodboy who wrote (3077)	2/22/1999 11:20:00 PM
From: Joe Brown	Read Replies (1) \| Respond to of 29987

GOODBOY: I'm not certain what you are referring to, but I'll assume you mean the Lehman call on Iridium today. It's irrelevant, but I posted it just to make it available to all on this board. I AM watching the Iridium bonds, and last Friday's debacle did not have a major impact on pricing for those accounts I know that own them. Regarding Motorola, they are fully reserved against a complete Iridium failure, I believe, so it could only help them to do anything necessary to jump-start Iridium at this point, including selling phones at a (perceived) loss. I have a larger concern/question here, though: In 25 years in this business, I have learned that those who really know what's coming almost NEVER tell the rest of the world. Why are you being so magnanimous with this board; are you that egalitarian? Jack Morgan

To: Goodboy who wrote (3077)	2/23/1999 6:08:00 PM
From: Drew Williams	Read Replies (2) \| Respond to of 29987

Last night I listened to the replay of the ING Barings conference call. It was surprising to me in several ways, not the least of which was how confident Bernie Schwartz sounded. The one statistic that I kept repeating to myself all day today was the moderator's cost per minute comparison Iridium vs Globalstar. He said that if Iridium were to sell every minute their network is capable of, they could sell it for $1.40 wholesale. Making the same assumption for Globalstar, the number was $0.14. One tenth the cost. Bernie said words to the effect of, "Well, our analysis is a little different, but you're not far wrong. We think we could do it in the high single digits." One of my marketing texts wrote, "The low end defines the market." In other words, it is real hard to sell a significant number of anything for 10x something else with similar functionality.