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Technology Stocks : The *NEW* Frank Coluccio Technology Forum
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To: Frank A. Coluccio who wrote (3623)8/8/2001 5:28:26 AM
From: elmatador   of 46821
 
You know that satellite technology is defense money. During Cold War there was money to be put into the satellite business. Today this business was supposed to support itself on pure commercial grounds. This is not happening.

The US may have reasons not to let this business go down the drain as Defense budget shrinks. The Iridium deal with the Defense Dept. is a case in point. $5 billion in satellites investment were supposed to be burnt down the atmosphere. Later the DoD took in under its wings under tax payers' money.

Expect the FCC to be protective of the satellite business: "Eight satellite companies have been awarded wireless licenses by the Federal Communications Commission, angering wireless industry players that wanted to use the radio waves instead for the next generation of cellular phone service."

Now they still want to send some more up there!!

Lockheed Martin Wins Licenses
Lockheed Martin, Pegasus Communications, TRW, and eight other companies won licenses from the FCC to operate satellites at 34 orbit locations. According to a Reuters article, when these companies launch their satellites, they will be able offer various telecommunication, including high-speed Internet, interactive direct-to-home and digital television services, to customers in the US. Seven of the eight companies are using the licenses to offer fixed satellite services, while one, Celesat, is using the licenses to support its mobile satellite system.

What is going on here? Isn't this industry supposed to be in the doldrums? Are satellites being bounced up just to protect an industry which may be deamed "strategic" to go the way of the dodo bird??

You know GPS is all Defense money. I was wondering how those constellation of GPS satellites will be replaced in the future. Someone will have to pay to pay for it. Bingo! Today we all talk about location-based services like the E911.
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