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Technology Stocks : Loral Space & Communications
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To: eikos who wrote (10098)7/17/2002 5:23:26 PM
From: Maurice Winn  Read Replies (1) of 10852
 
Well, that leaves me speechless. < The contract calls for a new constellation of 56 low-earth-orbit, or LEO, satellites, supplemented with four geostationary orbit satellites that would provide additional system capacity, particularly for data applications, along with coverage to remote areas not easily served by Globalstar's LEO satellites.

In a press release Wednesday, Globalstar said Space Systems/Loral will deliver all 60 satellites to the company on orbit starting in 2006.>

I'm all in favour of determination and a satellite system like that, but where will they get the money, what's the planned ownership structure, who will do the marketing and what's the marketing plan?

Until they can show they can run Globalstar Constellation 1, I'm not going to want to give them money for Constellation 2. If I'm not willing to, I don't know why anyone else would want to.

Mqurice
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