NEXTEL Message Board - Msg: 11789572

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To: Rono who wrote (9465)	11/3/1999 12:16:00 AM
From: JF Quinnelly	Read Replies (1) of 10227

upsidetoday.com McCaw Saves the Day By Sylvia Carr November 02, 1999 Get-Rich Tip: Find a sugar daddy. There's nothing like a generous, well-connected investor to bring a company back from bankruptcy. Monday, cellular network pioneer Craig McCaw came to the rescue of ailing satellite telephone company ICO Global Communications. McCaw will lead a group of investors who are supplying ICO with a cool $1.2 billion over the next year and a half. His interest in troubled satellite companies doesn't end there; already a major investor in satellite network Teledesic, he may help out another satellite network, Iridium, which filed for Chapter 11 bankruptcy last August, just two weeks before ICO Global.

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