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

To: djane who wrote (3831)	4/11/1999 11:06:00 AM
From: Snow Shoe	Read Replies (1) \| Respond to of 29987

Here is a cellular setup that I feel is much better suited to Globalstar. Doesn't look like it would be much work to modify this setup either: garmin.com

To: djane who wrote (3831)	4/11/1999 2:16:00 PM
From: djane	Read Replies (4) \| Respond to of 29987

Negative article on I* Iridium - Investment Ideas By The-Adviser.com - Sunday, 4/11/99 originally released on 4/5/99 the-adviser.com New York - Last week, Iridium announced that it received a 60-day waiver from its creditors because it had missed some conditions of financing. Shortly thereafter, their CFO and vice president, Roy Grant, resigned. For the past several years, Iridium has promised consumers, mostly traveling business persons, that they would provide a global communication service that would unify phone and pager services with one phone number and one phone bill. The service would be delivered through satellites and would work all over the world. It has not happened. Revenues for the quarter just ending March 31, 1999 are expected to approximate $8 million, far below original estimates. What is startlingly is that interest on accumulated debt financing was $265 million for the year ending 1998 and for 1999 are expected to approximate $440 million. Wow. Iridium has accumulated this debt through the launching of satellites - 85 of them to be precise. Shortages of phones have made it difficult to sign up customers. Marketing has been a dismal failure. The Company, which has only 20,000 subscribers needs 500,000 subscribers just to break even. Iridium even has competition. Globalstar will offer satellite access services and another Company Ellipso is targeted to begin operations by the year 2002. Iridium was born in the halls of Motorola - a key supplier and key investor. Motorola invested in the Company because they hoped to be able to sell phones and other required communication equipment to Iridium and end users. It has not happened. We would not be suprised to see Motorola's financials negatively impacted - although we are uncertain what reserve cushion Motorola has on their books. Wait. We have not even told you the best part. The satellites launched by Iridium have a limited life. They are expected to last only five to seven years before additional debt and financing will be needed. With limited revenue, poor customer receiption and lots of debt - it sounds like a certain catestrophe. In short, and no pun intended, short Iridim We believe risk aggressive investors who can afford upswings of at least 30% will make huge gains on the short. Bankruptacy is the end game for Iridium. Iridium closed at 17 1/8 on the date of this report. Do you want to stay up-to-date on Iridium, Globalstar and Ellipso? Get The-Adviser.com Alert™ for FREE. Enter your email address & click the button: About Us The Independent Adviser Corporation is a Registered Investment Adviser that specializes in developing investment strategies for individuals, families and businesses. Our Financial Advisers offer personalized guidance, professional money management and financial planning services on a fee only basis. To schedule a free consultation call 1-800-ADVISER or for faster service just Ask The-Adviser.com. Note: The Company does not earn fees for investment recommendations or referrals. Got an investment question? Ask The-Adviser.com Even the satellites need to be replaced Motorola is a key supplier and key investor. We see a write-off coming. It's time to hang up on this one. © Copyright. The Independent Adviser Corporation. All rights reserved. Important Legal Information