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

To: Michael Young who wrote (5080)	6/6/1999 11:37:00 AM
From: RMiethe	Respond to of 29987

I agree with you, Michael Young, that the burden is on the Globalstar longs. Just as I posted a few weeks ago that ICO would cuts its sat numbers to be launched, and that Teledesic would not go forward-- research/info we receive from outside of Wall Street and which I posted here (Wall Street did not even know the coming ICO debacle-- so much for analysts again)-- and the information turned out to be totally correct, so also in the Globalstar case. The information we have contradicts Grubman almost on every point. And I am willing to lend credence to the non-Wall Street satellite research we get, than to Wall Street's. The point on Grubman I already made: he has done no due diligence on Globalstar. The closest it appears, from the results, a Wall Street analyst has come to due diligence in this industry is Kaimowitz' work at ING. Maurice Winn is 100% correct on pricing-- and I have emphasized over and again the point of marketing. If the pricing is correct, the Globalstar system will succeed. With Mr. Winn, I agree, that pricing is the big "IF". And something all posters on this board really do seem to be missing, more likely than not because of their shortness of years spent in managing money-- Schwartz is not an easy executive to fool. Let posters believe that comment to be irrelevant. Because of his background and what years running a company has taught him, I'll take his outlook, however skewed towards the favorable it may be from time to time, over any other supposedly "informed" observer. But you are correct, Michael Young-- the post "Loral and Hughes: Persistence of a Theme" that I placed here a few weeks ago says exactly what you say.