Operator: [Operator Instructions] Our next question comes from George Sutton with Craig-Hallum Capital.
George Sutton : Paul, you mentioned you joined the Globalstar because it fits with your vision of where connectivity is headed. I wondered if you could put that in the context of more what you mean? Is that a direct-to-device statement? Is that a satellite plus terrestrial connectivity statement? Just curious what you meant by that.
Paul Jacobs : Yes. So I’m definitely excited by the combination of space assets and the terrestrial and some of the opportunities that we see on the terrestrial side, which we were focused on at XCOM Labs, can be enhanced by the opportunities to have space-based tracking. So logistics and transportation is a great example of that. So that’s what I was intending to say. It’s both about the private network and the convergence between satellite and terrestrial networks.
George Sutton : Got you. Could you give us an update on where the 2-way device sits in terms of potential beta customers when you might expect to have general availability there?
Paul Jacobs : Yes. I don’t — we don’t have an update on that at this point, but that process is underway and the development of that technology is underway, and that’s one of the things that I’ve been highly focused on as I came in with some other engineering resources from XCOM Labs is to review those projects as well. So we don’t have an update on that at this point.
Operator: Our next question comes from Joe Galone with LightShed.
Walter Piecyk : Paul, it’s actually Walt Piecyk from LightShed. I mean — so the past 30 years has been clearly a dramatic change in the wireless industry. You’ve been kind of right along there. And a key guy in terms of affecting some of that change. I’m just curious in terms of specifically this direct-to-device market, like what is the end game here? What is the ultimate market opportunity in terms of functionality, given what we were seeing with LEOs and some of the other technology that has existed. What are we going to be capable of doing? You can put a time frame on it if you want, but just where are we going to get to? And it would be great if you gave a time frame does that happen in the next 5 years, 10 years? Because it seems like a lot of people have perhaps undersized the functionality that can be accomplished and obviously, the revenue that can fall off of this?
Paul Jacobs : Yes. I think there’s a lot of expectation that more and more traffic will go to space-based technologies. And that was the original idea of Globalstar, obviously, way back when. And then as cellular technologies sort of rolled out across the world, that market became more and more of a niche market. The question is, and there’s a lot of people focused on direct-to-device and maybe pitching it as if the — that’s going to be the main way that people get access. I don’t necessarily believe that, but there’s certainly plenty of places in the world where even when you have cellular coverage, you’re not in coverage, right? You’re in an area that says that it has coverage, but for whatever reason, you’re out shadowing or there’s other reasons why you don’t have access.
And I think the satellite technologies can be good for that kind of an infill as well as, obviously, for just providing geographical coverage. We have cellular networks have very great population coverage, but there’s plenty of parts of the world where we don’t have geographical coverage. Now the lesson that we had in OmniTRACS at Qualcomm was even when we had a satellite system for long-haul trucks there. And even the main roads, they started out, you didn’t have a lot of coverage. But by the end, that business moved pretty much to terrestrial cellular because satellite system didn’t provide enough incremental value. So these things where people are saying that you’re going to have a lot of the traffic going over satellite that, I don’t necessarily believe at this point, but I do believe that — and we’re already seeing that direct-to-device is there.
