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: Jon Koplik who wrote (4667)	5/17/1999 11:53:00 PM
From: Andmoreagain	Read Replies (1) \| Respond to of 29987

Why would analysts be "wary"? GlobalStar Plans Low Tariffs for Satellite Phones, FT Says London, May 17 (Bloomberg) -- GlobalStar Telecommunications Ltd., the U.S. Satellite phone company, plans a marketing strategy of low tariffs and subsidized handsets when it launches its $3.5 billion use-anywhere phone service later this year, the Financial Times reported, citing GlobalStar chief executive Tony Navarra. He said the group would be setting tariffs between 35 and 50 cents a minute, and expected the service providers to charge $1 to $1.20 a minute. These prices would be significantly cheaper than Globalstar's main rival Iridium LLC, and while analysts were wary, Bernard Schwartz, Chairman of Globalstar was more upbeat; ''Our biggest challenge is marketing,'' he said.