To: kitterykid who wrote (3682 ) 4/1/1999 5:00:00 PM From: Maurice Winn Read Replies (1) | Respond to of 29987
*Has ICO cancelled yet?* KK, the Zenit attempt which crashed was, in retrospect, all part of the fun. When life is an easy stroll, it can be a bit boring. When challenges are large, and risks are big, that's when the real abilities show up. When there were 'customers for everyone' and anyone who could scrape together a bit of money could make a fortune in LEOs or MEOs or anything else in space, there was little to separate the wheat from the chaff. The big surplus of customers was always a silly pipedream, as your correspondent never tired of berating the readers; there never was room for everyone; Iridium was always going to be a loser; they should not have launched their system [which was foresight not hindsight though I don't know of anyone else who shared that view]. Now ICO should cancel their system. The writing is on the wall for them. Yes, that is a vested interest point of view as a Globalstar shareholder, but it doesn't make it any more wrong than my Iridium comments. ICO can't make money in the face of Globalstar competition. All they will do is damage Globalstar prospects too and destroy billions in capital. These streams of consciousness are for management to read, think about and take advice from if they like the ideas. Of course they think about things and don't just have a bloody-minded insular approach. If they proceed thinking they have it all buttoned down, they'll crash. Being determined and confident in their plans is fine by me. So far it looks all okay. I still think the Zenit launch was NOT a mistake. Obviously it was in the sense that it went wrong, but there was nothing to suggest it should not have been done. I'm in favour of and pleased with the decision to try it. My price target for Globalstar is $13 a share! When ICO has cancelled, we can think about revising that. CU Later [have to go celebrate Qcom success...wheeeee!!!!!!] Maurice