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

To: djane who wrote (4885)	5/25/1999 6:16:00 AM
From: Maurice Winn	Read Replies (2) \| Respond to of 29987

<Unfortunately for the satellite companies the troubles have come exactly at a time when they are looking for new capital: Global mobile telephony operator Globalstar LP, of San Jose, California, said it needs $600 million to meet increased costs due to its operational start being delayed by a month to 1 November 1998; ICO Global Communications plc, London, has a near-term need for $500 million in cash, which it is trying to raise through a rights offering;> totaltele.com What's this? First I've heard of delay until 1 November 1998. I thought 1998 had already finished. Maybe they got confused with Iridium starting in 1998 with months delay. Maurice

To: djane who wrote (4885)	5/25/1999 10:47:00 AM
From: djane	Read Replies (4) \| Respond to of 29987

Satellite Systems to Prosper, ABI Study Says (via G* yahoo thread) [Okay, lots of consultants see a vast market for mobile satellite telephony while NYC/Wall St. types sit in their skyscrapers thinking terrestrial buildout will be enough. Who are ya gonna believe? djane] Tuesday May 25, 9:00 am Eastern Time Company Press Release SOURCE: Allied Business Intelligence, Inc. OYSTER BAY, N.Y., May 25 /PRNewswire/ -- Despite the early shortcomings of the Iridium system, the satellite market will be a healthy and prosperous segment of the communications industry, says Allied Business Intelligence, Inc. According to a new report from the Oyster Bay, NY-based research think tank, revenues for the voice segment of the market will be over $10 billion by year-end 2003. The broadband and short messaging sectors of the market, which are developing at a slower pace than the voice market, will also prove to be multi-billion dollar markets, according to the findings in ''Bandwidth On Demand Satellites: 99,'' due out in June. ''Iridium has put up a very impressive system, but unfortunately they have had to deal with being the first to commercial market without the advantage of a predefined customer a mature market would have offered,'' said ABI's VP of Communications Research Larry Swasey, the report's author. There are many global and regional voice systems due to deploy in the next two to three years, which will quickly find a market, according to the report. Regional systems will have the advantage of local, targeted marketing as well as the lower start up cost of being a regional GEO player, according to ABI. The satellite-based short messaging arena, which has already seen some early activity, will blossom during the next couple of years as tracking applications become more widespread with the advent of cheaper GPS systems, according to ABI. By year-end 2007, there will be close to 50 million terminals in place, said Swasey, the report's author. Industrialized nations will not realize the large audience of non-industrialized nations, however. Broadband access will become an important market, but not until 2003-2005, according to the report. Although many broadband access technologies will be available in industrialized nations, for many parts of the world satellite-delivered data will be one of few options. The US, for example, will account for only one-third of the worldwide broadband-access customers by year-end 2007. Allied Business Intelligence, Inc. is an Oyster Bay, NY-based technology research think tank specializing in communications and emerging technology markets. ABI publishes strategic research on the broadband, wireless and electronics industries as well as findings on new technology-driven markets such as home automation, human-machine interface systems, and intelligent transportation systems. Details of these studies can be found at alliedworld.com. Or call 516-624-3113 for more info. SOURCE: Allied Business Intelligence, Inc.