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.

Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here -- Ignore unavailable to you. Want to Upgrade?

To: Bernard Levy who wrote (4677)	7/15/1999 9:54:00 PM
From: Frank A. Coluccio	Read Replies (1) \| Respond to of 12823

Bernard, I've always regarded the deep-space bent pipe handoffs to one another as somewhat of a hi-wire act (no pun intended) without a safety net (again, no pun intended) at center ring (I wont say it). Regards, Frank ps - I think I now recall more vividly that CNBC mentioned two days ago that MOT was committing more engineering and electronics totaling some large figure into Teledesic again. I don't recall exactly, but for some reason $700MM sounds right. I could be wrong about that number, tho. Go Figure. I just looked it up, here's the release: (and I wasn't far off on my guesstimate) ================ Motorola Enters Deal for Satellite Internet Delivery July 12, 1999 Chicago Tribune via NewsEdge Corporation : Jul. 10--Motorola Inc. Friday reached agreement with Teledesic LLC to build satellites for the global wireless Internet project. The announcement came more than a year after Motorola agreed to invest $750 million in the $10 billion project, but less than two months after the Schaumburg company curtailed preliminary work on it. The slowdown led to speculation that Motorola, which has been the driving force behind the struggling Iridium global satellite telephone service, was shying away from more satellite projects. But the agreement with Teledesic commits Motorola to build as many as 288 satellites to provide round-the-world high speed Internet access by 2004. "We're fully committed and moving forward together," said Teledesic spokesman Roger Nyhus. The contract will lead to new hiring at Motorola, most of it at the company's Ocotillo, Ariz., satellite communications group, said spokesman Doug Towle. Neither Towle nor Nyhus would disclose the size of the contract. More details will be announced when the two companies complete a technical review of the project in three months, Nyhus said. Merle Gilmore, president of Motorola Communications Enterprise, said in a statement, that "the signing of this agreement is further evidence of Motorola's continuing commitment and confidence in the future of commercial satellite communication systems." Founded by cellular phone pioneer Craif McCaw and Microsoft CEO Bill Gates, Teledesic aims to provide fast Internet access to large portions of the globe still unconnected to the telephone grid. In addition, it would offer an alternative to high speed cable and telephone Internet delivery technologies. Friday's announcement also gave Lockheed Martin the contract to launch the satellites, edging out rival Boeing Corp. Boeing had been the main contractor for Teledesic until Motorola's entry into the project in May of 1998. ----- Visit the Chicago Tribune on America Online (keyword: TRIBUNE) or the Internet Tribune on the World Wide Web at chicagotribune.com (c) 1999, Chicago Tribune. Distributed by Knight Ridder/Tribune Business News. [Copyright 1999, Knight Ridder Tribune]