Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Goodboy who wrote (3717)	4/3/1999 7:46:00 PM
From: RMiethe	Read Replies (1) \| Respond to of 29987

The LEO satellite telephony business is 4 months old, with one actual supplier only. That supplier has just received a $219 million contract from the US government, something the like of which I had suggested two weeks ago was pending. If I had to guess again, I'd say that that company will probably get $400-500 million more over the next two, three years. Four months old, and just one LEO satellite company actually servicing a market that all admit was improperly marketed, and with a technology totally different than the other two that are planning service. Just does not give enough evidence to me yet against the claim that 3 billion have never made a phone call. As for the analyst who said sat telephony is "a joke"-- can we get his due diligence research validating his sweeping new assessment? Or is this just another example of "shooting from the lip" when your firm's name is no longer at the top on a prospectus. Whatever.