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: djane who wrote (4626)	5/15/1999 8:41:00 AM
From: Goodboy	Read Replies (2) \| Respond to of 29987

While I am not gloating about some of the grief I took over on the Iridium thread when I predicted the exact events now unfolding, this poster from Yahoo makes some points that I beleive are valid, but I was bashed for saying it here. I think Iridium has some fatal flaws and contrary to what some posted here, I don know what I am talking about and my research has been validated by those in the field who should know. Some of whom even warned Iridium of these critical point (bottom line: don't rain on somebody's parade when Wall Street agrees to fund it with other peoples money). I think that those flaws will become more apparent later this year. The faster they restructure the better. If preformance of the system were to begin degrading or more sats were to fail (above the predicted rate), the restucture could be hopeless. If I am right, everybody is going to lose here, not just the equity folks. The other point is that it isn't just the retail investor holding the bag here (IRID is around 15 percent of the entire equity investment). Lots of big corps and strategic investors will get wiped out. These are investors who must distribute, sell and market this service, but with their ownership impaired or wiped out. These investors were often vital in negotiating gateways and other issues with foregin goverments. This thing is so ugly. Harping on the coming problems (already materializing) is a little premature. I will not speak about it anymore except to say that I may go short the new equity of the restructured Iridium. I think Globalstar stock will head back down. Not because it should, but this story will keep evolving. Pretty soon news articles and analysts reports will focus on how the restructured Iridium will compete and attempt to make its debtholder whole before the array turns into a floating sea of space junk. New Motorola O & M contract, new vendor financing, cut handset prices and minute rates and agressive marketing. This would likely happen at the same time Globalstar is preparing for commercial launch. Fortunately, I think the Iridium systems performance will degrade and as with everything that has happened with Iridium, that fact won't be kept a secret by the media. I still hold hope that I can buy Globalstar at post Zenit levels. I may be wrong and so far, I have missed a great trade.

To: djane who wrote (4626)	5/16/1999 1:32:00 AM
From: djane	Read Replies (2) \| Respond to of 29987

Response to I* system design problems (via I* yahoo thread) Top>Business and Finance>Stocks>Services>Communications Services>IRID (Iridium World Comm. Ltd.) Dear Nomadic Bullshit artist by: QuantumScience (M/Orthogonal Space) 13234 of 13295 Reply to your assertions: 1) Bullshit about high handoff rate 2) Low elevations angles cuaseproblems for every satellite receiver used on earth 3) Handset size has nothing to do with whatyou assert. Next generation I* phones are much smaller 4) Wrong. Usually 63 satellites are over the horizon. You usually have two satelites close by 5) No on costs 6) Cross-links: what's causing this? There is no high use of propellant. What source does this come from? What are you smoking when yo pull this Bullshit out of your ass? 7) define traffic capacity 8) Close to truth on eclispse periods, but what are your estimationof the power budget versus solar array power generation? Quit this Triaxiality bullshit. Maybe you mean J2 effects from the bulges of the earth? 9) You so full of shit, I can smell you from here. The issue is not technology. It's crappy marketing. 10) satellite failure rates has been within IRIDIUM projections. So there's some more bullshit for you. 11) Motorola is building the Teledesic satellite. It will be diferent with laser cross links (I've seen those with my own eyes) and higher orbits and a different concept of operations. You can bet that MOT will use the same technology and satellite building methods to build Teledesic (if it every comes to fruition). Boy have I gotten gravelous! I fart in your general direction. Posted: 05/15/99, 1:13PM EDT as a reply to: Msg 13196 by Nomadic_Trader