ORFR-ORBIT/FR Message Board

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Technology Stocks : ORFR-ORBIT/FR

ORFR 3.500

0.0%

Apr 10 5:00 PM EST

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To: Louis Cornell who wrote (313)	2/19/1998 12:32:00 AM
From: Mike Winn	Read Replies (1) of 475

Just for you guys info, the Teledesic project, a joint venture between McCaw, Bill Gates and Boeing to launch a bunch of low orbit satellites, is now put on hold for a couple of months. Reason given is higher cost estimate and Mr McCaw needs to cough up some more money. I don't know if the blame on Asia by Orbit is true or not. I suspect it has more to do with the slow down of various satellite launching projects because of budget problems and technical difficulties. I was lucky to sell ORFR a while ago. Lesson learned: even if a stock drifts down in low volume, SELL! Somebody knew something and didn't step up the plate to buy and keep the price.

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