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Technology Stocks : Motorola (MOT)
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To: PaperChase who wrote (1264)7/7/1998 6:19:00 PM
From: D.J.Smyth  Read Replies (1) of 3436
 
<<don't believe the spin>> frankly the following portion of their announcement appears to be the most promising:

<<Initial deployment of the IRIDIUM global personal communications system was completed, bringing the total of operational, on-orbit satellites to 67. Operational and voice quality testing of the system continued to be demonstrated successfully, and nine Iridium gateways achieved pre-commercial acceptance by gateway owners. As previously reported, Iridium LLC may require additional financing, possibly during the second half of 1998, to continue to make contractual payments to Motorola.

Motorola and Teledesic LLC announced that they intend to become partners in the further development of the broadband Internet-in-the-Sky satellite communications system. Motorola would be the prime contractor for construction of the network, designed to provide high-speed data connections to businesses and individuals everywhere on Earth. Other industrial partners include Boeing Co. and Matra Marconi Space. >>

Nokia's business has been significantly up over the past twelve months; so we know the business is there, it's a matter of Motorola utilizing it's potential.

being able to access the internet via cellphone/satellite from any location on earth hookup sounds extremely promising. why would this be considered hype?
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