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Technology Stocks : DDEV - DISTINCTIVE DEVICES, INC.

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To: RikRichter who wrote (16)5/1/2000 12:44:00 AM
From: Mahatmabenfoo  Read Replies (1) of 36
 
Doesn't Teledesic make DDEV obsolete before it gets started?

I own DDEV, and I'm hoping someone will tell me I'm wrong....

- Charles

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zdnet.com

Teledesic May Be Launching New Plan

By Meg McGinity, Inter@ctive Week
April 30, 2000 10:37 PM ET

Rumors have been swirling in recent weeks that Teledesic, the global satellite project backed by two of the communications industry's richest players, is undergoing a major transformation.

The industry is awash with talk that the $9 billion broadband satellite project has hit the wall. Teledesic, dubbed the "Internet in the Sky" and backed by Craig McCaw and Bill Gates, is still working out its constellation design. The company said it is looking for a more economical way to deliver broadband services globally, and has cut an unknown number of satellites from its initially planned constellation of 288 orbiters.

Teledesic officials confirmed there will be changes in the design, but did not offer specific details. It now looks like the company will rely on the infrastructure of ICO Global Communications, a global mobile satellite firm that filed for Chapter 11 in August 1999. McCaw, ICO's chief investor, expects the company will come out of bankruptcy on May 15. After that date, Teledesic anticipates making announcements on the development of both ICO, which had planned to launch service in 2001, and Teledesic.
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