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Technology Stocks : America On-Line (AOL)

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To: Steeny who wrote (23613)6/22/1999 11:04:00 AM
From: Eric Bowen  Read Replies (1) of 41369
 
>> but I'm genuinely curious if satellites are going to be a very effective way of dispensing internet. <<

A lot of big money says it is going to be long-term. Bill Gates and Craig McCaw (sp?) are spending billions on Teledesic...

From the Teledesic website:

"Teledesic is building a global, broadband Internet-in-the-Sky. Using a constellation of low-Earth-orbit satellites, Teledesic and its international partners are creating the world's first network to provide affordable, worldwide, "fiber-like" access to telecommunications services such as computer networking, broadband Internet access, high-quality voice and other digital data needs. On Day One of service, Teledesic will provide guaranteed end-to-end quality of service to meet the broadband needs of enterprises, businesses, schools and individuals around the world. Teledesic is a private company based in Kirkland, Washington, a suburb of Seattle."
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