This showed up yesterday. The stocks rose to 14 3/8, and then right back down. Very interesting...
CD Radio (CDRD.O), Loral start building satellites
PALO ALTO, Calif., April 30 (Reuter) - CD Radio Inc and Space Systems/Loral, a subsidiary of Loral Space & Communications Ltd (LOR.N), said Wednesday they started construction of CD Radio's satellite-to-car radio broadcast system.
Loral is building two digital audio radio service satellites for CD Radio, to be launched in 1999, and has an option to build one additional satellite, the companies said.
CD Radio, based in Washington, DC, is developing a satellite-to-car 50 channel radio service to deliver music and other programming to motorists throughout the United States. |
