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

To: Andmoreagain who wrote (4356)	4/30/1999 7:36:00 PM
From: A.J. Mullen	Read Replies (4) \| Respond to of 29986

I sold my holding today. I bought on the news of the Soyuz crash, then didn't have the heart to sell. I decided that G might persuade the cell-companies to persuade users to use dual-mode phones to cover areas with poor cellular coverage. I've learnt from this board that this is very unlikely. If it can't be used in a building or in a car, the phone is not convenient. I'm told there's pretty good cellular coverage for cities and freeways all over the US now. That's where most of the people are. Yes, there's the rest of the world, and I was hopeful for these fixed phones. I agree that this could be a significant market, Gstar expects this to be a small part of their business - I called their IR, Jeanette Clonan. She says they expect most of their business to come from dual-mode portable phones - used outside of the US. Europe has pretty good coverage. Ms. Clonan stressed Brazil, where landlines are few and cell coverage poor. Most of their population, certainly their affluent population, is in cities; in cars and surrounded by high-rises. Those people would prefer the convenience of "old-fashioned" cell phones, and certainly won't want to pay a premium for less convenient service. Gstar is not going relieve the pressure for more cell-sites. Most people live in cities. That's true in almost all countries. Gstar would have been a great backup if it could be used like a cell phone in a car or building. It might be used as a last-resort if the dual phone can be reduced to near the current size and price of cell-phones, but G usage would be low and how many will carry a Gstar around all year for the one time when it might be convenient to make a call in the boonies?. (In the open.) One phone. One number. One catch. I still like the idea of wireless payphones. I agree with the poster who said the poor will pay a lot for phonecalls - they use them more wisely than the wealthy. I've heard stories of the Internet being very successfully used by tiny businesses in Africa to sell crafts. Access to the internet is via phone lines and there is often only one server for an entire country. Gstar could cut through all that. I'm waiting and watvhing for now though.