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: RMiethe who wrote (4834)	5/21/1999 4:07:00 PM
From: RMiethe	Respond to of 29987

Apropos your comments, Mr. Winn, on pricing, I do see that one Wall Street brokerage, Morgan Stanley, assumes an ultimate cost/minute, it appears, of $.70 (not $1.50), with Globalstar at $.18/minute (their wholesale take) to reach its price objective of $50/share for FY 2002 (a pretty low 7 terminal p/e, I might add). There appears to be some pricing flexibility already assumed by a number of observers in line with your comments, so we'll get a better idea in July when the telcos start marketing. The Morgan Stanley analyst sees roughly a 30% premium to cellular rates in FY 2002, in line with what the post I posted yesterday also said. A good weekend to you Mr. Winn, and a good week. My family and I are off to an equatorial baking spot for a week now that school is finished for everyone.