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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Vayda who wrote (5546)	7/6/1999 1:31:00 PM
From: djane	Read Replies (2) \| Respond to of 29987

Looks like G* made the right decision to move to the Cape (see below) Kazakhstan halts Russian space launches after crash (via g* yahoo thread) July 6, 1999 Web posted at: 10:20 a.m. EDT (1420 GMT) ALMATY, Kazakhstan (Reuters) -- Kazakhstan said on Tuesday it would ban rocket launches from its Baikonur cosmodrome following the crash of a Russian telecommunications satellite, which spewed debris over the central Karaganda region. "We have informed the Russian Ministry of Foreign Affairs about our decision to stop launches from Baikonur until reasons for the crash are fully identified and accident damage evaluated," Kazakhstan's Foreign Ministry said in a statement. Russian space officials were investigating on Tuesday why the Raduga-1 satellite crashed into the southern Siberian region of Altai shortly after launch. Russia's RIA news agency quoted rocket force officials as saying a preliminary investigation showed the satellite, which was launched on Monday, had failed to reach orbit because of a malfunction in the Proton-K heavy booster rocket. But they said further investigation was needed and a special commission would look into the causes of the failure. Russia often launches satellites into orbit for other countries and firms -- a business which is growing because Russia provides a cheaper service than others. Commercial satellites are a major source of funding for the underfunded Russian space program. The satellite business is expected to grow dramatically in the coming years as the need for telephone, television, Internet, pager and other services expands. Copyright 1999 Reuters Limited. All rights reserved. © 1999 Cable News Network. All Rights Reserved. Terms under which this service is provided to you. Read our privacy guidelines.