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

To: djane who wrote (5065)	6/5/1999 2:29:00 PM
From: David Alders	Read Replies (2) \| Respond to of 29987

From Barron's cover story on global telecoms (Grubman is a managing director of Salomon Smith Barney): Q: Jack, you've been very patient. Grubman: A year ago, I was aggressively negative on two satellite companies, Iridium World Communications and Globalstar Telecommunications. I still am. They lack acceptable business plans. I could cite 10 examples of people who took Iridium phones around the world and found they didn't work. Gabelli: Globalstar's business plan is different from Iridium's. Grubman: A little different, but I don't buy it. I'd also avoid Singapore Telecom, Hong Kong Telecom and Cable & Wireless.