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

To: Goodboy who wrote (4631)	5/15/1999 9:09:00 PM
From: RMiethe	Respond to of 29987

I am not so confident of post-Zenit price for Globalstar ever again. In conversations with Network Vodaphone in Granville, New South Wales by way of a non-Wall Street research firm we use for Globalstar, I take great comfort in their (Vodaphone's) explanation of why Globalstar will be needed in Australia alone for the average cell phone user. (Try to get a New York firm to do this for you-- right). In sum: there is no consistency of cell coverage once you get about 9 miles outside of Australian suburbs. The drop rate for cell in Australia is 35% in some cases, which I did not know until today. I was also unaware of the wide usage in Australia by the students in college! Almost 30% of all Australian students have a cell phone. And they do so because of the absolute lack of above ground rail transport and dismal bus traffic capacity. In addition, the average Australian male over 18 spends almost 70 minutes in a car on weekdays, and is outside his roaming area 27% of the time on average. That is how things look from Ozzieland. Granted, kangaroos and koala bears won't be using Globalstar phones, but I am told that Network Vodaphone has already started talking up its new satellite phone coverage called Globalstar coming in September promising superior and much improved service than that described above. If Globalstar can get 500,000 minutes/month off its LEOs from the Outback in the initial ramp-up Sept-February, I'd day Globalstar has a much better future in Australia further out since on those numbers I doubt Vodaphone would feel compelled to build out more land towers at all to better phone communications among the citizens there. It would probably try to vendor Globalstar as far as it could as the phone service of choice. Will be interested to see how they price this service to get to that end. Mr. Winn is 100% correct on that issue, as I have given my opinion before.