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Technology Stocks : IRID - Iridium World Communications IPO Announced!
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To: Valueman who wrote (291)12/10/1997 2:42:00 AM
From: SidStock  Read Replies (1) of 2693
 
All,

Anyone catch the lauchspace newsline on the last launch? I
noticed a mention of a loss now of 3 iridium birds from the 41.
Seems a bit high of a failure rate (1 failure per 14). I know
that I* doenst pay for the losses (moto does), but 3 already
toasted is of some concern to me.

-Sid

TWO IRIDIUM SATELLITES LAUNCHED FROM CHINA
posted by Keith Stein

Two Iridium satellites were placed in orbit this
morning aboard a Long March 2C/SD rocket.

The two satellites will be part of the 66-satellite
Iridium system.

This was the first Long March 2C/SD launcher to be used
in placing operational Iridium satellites in orbit.

Two dummy Iridiums were launched in September to test
the launchers performance before this first operational
flight.

The lift-off took place at Taiyuan Satellite Launch
Center in China.

It is the eighth Iridium system launch in eight months
and will bring the total number of satellites on-orbit
to 41, according to a Iridium press release.

Three of the satellites launched earlier this year are
having problems which may prevent them from ever
becoming fully operational.

Iridium LLC is developing and commercializing this
global wireless communications network that will
combine the worldwide reach of 66 low-earth- orbit
satellites with land-based wireless systems to enable
subscribers to communicate using handheld telephones
and pagers virtually anywhere in the world with service
introduction planned for 1998.

The Iridium satellites are designed and built by
Motorola's Satellite Communications Group based in
Chandler, Arizona, USA.

launchspace.com
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