Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: djane who wrote (5548)	7/6/1999 3:12:00 PM
From: djane	Respond to of 29987

Teledesic Dream Stalled (via I* yahoo thread) Top>Business and Finance>Stocks>Services>Communications Services>IRID (Iridium World Comm. Ltd.) Teledesic goes down: by: LawrenceCooper (M/The Nation's Capitol) 18840 of 18841 [Teledesic Dream Stalled By PETER B. de SELDING] Space News Staff Writer PARIS — Teledesic LLC's dream of ringing the world with hundreds of satellites for high-speed Internet connections prompted companies around the world to invest millions of dollars and thousands of hours by some of their best employees in hopes of winning lucrative contracts. Officials at many of those companies now fear that all of that time and money will yield nothing. “I can tell you that my own company spent several million dollars working on Teledesic, both in terms of investing in test equipment and in assigning some of our best people to it, and we had far from a major role,” said one space- industry manager. <<more info on the article will follow as soon as I get my hardcopy>> Posted: 07/06/1999 02:58 pm EDT as a reply to: Msg 1 by YahooFinance

To: djane who wrote (5548)	7/6/1999 4:00:00 PM
From: JMD	Respond to of 29987

djane, re: "Looks like G* made the right decision to move to the Cape". My knee-jerk response is "no s*it!". I don't blame Bernard Schwartz for giving the former Russian rocket launching facility a try. We lost 12 birds in one toss, but LOR did their homework and made a prudent judgement that the reward outweighed the risk. Didn't work, stuff happens, and life goes on. By now however, it is beyond obvious that the Russian Empire (I know, I know--K. is now independent) and its recent descendents are in total disarray. The sophistication necessary to get these things airborne is clearly of a very high order, and the demands on what I would describe as the underlying technological infrastructure are correspondingly intense. The Soviet space program, by all accounts once one of the premiere agencies of its type anywhere in the world, is not even a shadow of its former self. For their economic well being, it would be very desirable for them to re-build as launch capacity is limited and this would be a certain means to command desparately needed foreign currency reserves. This is a very tall order however: which entity wants to be the first to try them out? regards, mike doyle