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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 68.44

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To: donss who wrote (1831)	9/8/1998 9:17:00 PM
From: Sawtooth	Read Replies (2) of 29987

Iridium***Boeing's Delta II Satellite-Laden Rocket Launched Successfully Huntington Beach, California, Sept. 8 (Bloomberg) -- Boeing Co., the world's biggest aerospace company, said a Delta II rocket carrying five Iridium World Communications Ltd. satellites was launched successfully, 13 days after a Delta III rocket exploded. The satellites were scheduled to separate from the rocket 62 minutes after takeoff and begin their 12-day move into low- orbit positions, said Iridium spokeswoman Michelle Lyle and Boeing spokesman Erin Oleson. The Delta II launch was rescheduled from Friday after lightning damaged a tracking station Thursday. The Delta II is a slightly smaller version of the Delta III rocket, which exploded on its first flight on Aug. 26, destroying a PanAmSat Corp. telecommunications satellite. Today's launch is intended to keep the Iridium global communication network on schedule to start service Sept. 23 and avoid further delays in Boeing's Delta program. ''When the satellites separate from the spacecraft, that's when we consider it a successful mission,'' said Oleson. (Bloomberg)

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