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Technology Stocks : Loral Space & Communications

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To: Snow Shoe who wrote (6243)	6/3/1999 1:01:00 PM
From: Mr. Adrenaline	Read Replies (1) of 10852

From Skyreport (www.skyreport.com) Kleiner Perkins Caufield & Byers, a Silicon Valley venture-capital firm, plans to buy about 18 percent of KaStar Satellite Communications, a company that will offer high-speed Internet access via satellite. Two news sources have reported that this latest investment in KaStar follows recent interest in the company from the likes of Rupert Murdoch and John Malone. KaStar, which hopes to launch its service in 2002, plans to use high-frequency satellites for speedy, two-way data transmission. Kleiner Perkins helped launch Internet-access provider At Home and could help generate enthusiasm for an eventual KaStar public stock offering.

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