| To: Ilaine who wrote (361) | 1/4/2004 5:48:55 AM | | From: Maurice Winn | of 380 | | | Hi CB, Globalstar and Iridium are both still in business. You can buy Globalstar here globalstarusa.com  and you'll find some excellent deals since they stopped the crown-jewels approach which destroyed $10 billion in capital.
Unfortunately, like the Titanic, Globalstar was all very impressive, but lacked a little bit of attention to detail in the maiden voyage. Hubris did it in. Hubris, greed, foolishness, ignorance and hearing impairment.
Which is not to say there's anything wrong with CDMA satphones or cyberspace. It's not a technological window of opportunity which has closed. If anything, the demand for ubiquitous coverage is greater now than 5 years ago and the technological ability to deliver it in an economic and attractive package is far greater.
The old handsets with minimal battery life could be updated to include radioOne, newer CDMA technology, zoomier, smaller and more efficient ASICs with all sorts of tricks.
Most pioneering efforts end with mortality. That's the risk we adventurers take. Philanthropic investing takes courage or at least the ability to sustain the loss if it occurs. It's good to try. Somebody else will do it one of these days and do it right. They'll use what went before and advance on it.
So, life in the satphone business is great thanks, just not profitable in the current form. Never a dull moment.
Happy New Year.
Mqurice |
| | CDMA, Globalstar versus Iridium, Inmarsat, etc. | Stock Discussion ForumsShare | Recommend | Keep | Reply | Mark as Last Read | Read Replies (1) |
|
