Globalstar Telecommunications Limited GSAT Message Board - Msg: 3860462

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Technology Stocks : Globalstar Telecommunications Limited GSAT

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To: Michael Allard who wrote (557)	3/27/1998 10:41:00 AM
From: Phil Jacobson	Read Replies (4) of 29053

<< I must be missing something here >> Quick disclosure - I own shares in GSTRF, IRIDF, LOR, and ORBI. What you're missing is that first to market matters a lot more than people think and people are starting a momentum climb on IRIDF for that reason alone. A lot of people predicted IRIDF would start to climb rapidly as it got closer to delivery. What I didn't count on was that money would actually move from GSTRF to IRIDF. Should have seen it coming. Now if that makes you irritated, consider this...it just occurred to me the other day and someone I respect in the biz agrees. Wait'll IRIDF launches. For the next month they'll be on the biggest honeymoon imaginable. Then the party's over and they're like everyone else and need to show customer growth and the rest. There's nothing in the world that screws up a great looking plan like having to compare it to actual results. If I sense for a minute that they aren't signing up customers I'll bail because if the revenue doesn't come in this will be seen as a debacle. And that goes for GSTRF, LOR, and the rest. It's unfortunate but the level of all of these stocks from late '98 into '99 are going to depend in large part on how well IRIDF does. And I don't think IRIDF will do as well as expected. So far they haven't done anything to build market awareness, and they need to fill that systems with traffic very fast or it's going to lose a ton of money. Thoughts? Phil

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