Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 58.36

-5.8%

Feb 4 3:59 PM EST

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To: Sawtooth who wrote (3052)	2/21/1999 8:38:00 PM
From: djane	Read Replies (1) of 29987

Teledesic cost update ($11B smackeroos). Also Skybridge ($1.4-1.9B) awgnet.com INTERNET EXPENSE Teledesic President Russell Daggatt is now pegging the price tag of the massive "Internet in the Sky" satellite constellation at $11 billion, including financing costs. That's above the $9-billion cost advertised last year and a bit closer to the $15 billion Boeing engineers had privately estimated the system would cost. Teledesic dumped Boeing as its prime contractor last year and switched to Motorola, which is pitching a modified design (AW&ST Jan. 4, p. 29). Several of Teledesic's proposed competitors also updated their projected system costs at the recent Satellite '99 gathering in Washington. Lockheed Martin's Astrolink would cost $3.5 billion, Hughes' Spaceway $3 billion, Alcatel's Skybridge $1.4-1.9 billion and Alenia Aerospazio's EuroSkyWay $795 million.

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