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

To: Michael Young who wrote (5073)	6/5/1999 11:09:00 PM
From: RMiethe	Respond to of 29987

If the remainder of Globalstar's cash needs are through partner pledged commercial bank financing, which I suspect is in fact the case, instead of through another Wall Street syndication of Globalstar bonds, it will be intriguing to see what Wall Street analysts say about the company. I agree. Intriguing, but not meaningful. Every new enterprise is a "concept". Micosoft, when it replaced DOS, America On Line, US Robotics, Micron Technology-- I remember them all very well, as if it was the early 80's for the first two I named all over again, then fast forward to 1992 for Micron and US Robotics. Dare I forget Motorola in 1981 and its new "cell phones"? Oddly, a concept only at the time. I find the term "concept stock", therefore, meaningless. Some companies succeed, some fail. Being initially a "concept" is immaterial to a company's ultimate success or failure. More often than not, I have found, it all depends on who is at the helm of the company if there is success or failure. As for Globalstar, Bernard Schwartz is a tough New Yorker from "the upper east side", born in the 1920s. Somehow, I just don't think he is easy to fool. All my opinion. That's why many have stuck with him on Globalstar-- they have the same opinion of him, rightly or wrongly. Wall Street analysts were never at the helm of any of these enterprises I just named. Obvious enough. That is why I pay no attention to them. I just think, speaking of analysts, of Tom Kurlack, formerly of Merrill Lynch and Laurie Painter, who was a major bull on Compaq, even when the curtains were coming down. Both were ok-- for a while. In their prime "they could do no wrong". Ask both of them now. That ends my opinion(ated) review of Barrons' Jack Grubman comment. I'll do my own research, thank you.