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JackedOnCaffeine

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JackedOnCaffeine

Re: WildWest post# 135572

Monday, 03/12/2012 8:15:55 PM

Monday, March 12, 2012 8:15:55 PM

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GTC had a profitable business model. When the Globalstar satellites started to fail prematurely, GTC's revenue stream dried up.

I'm hoping that trend reverses now that Globalstar has most of their next generation birds launched. The next 3-4 quarters will reveal if this is the case.

But to claim GTC has a highly profitable business model is ridiculous considering their model is highly dependent on the reliability of Globalstar's network, which is only now starting to recover.
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