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 (7890)	10/19/1999 4:52:00 PM
From: djane	Read Replies (1) \| Respond to of 29987

Bloomberg article (Part II) Ideal Customers There clearly is a market for Iridium phones among at least one class of customers -- chief executives negotiating multibillion-dollar deals in remote locales. Sprint Corp. CEO William Esrey says he worked out the details of his company's proposed merger with MCI WorldCom Inc. on an Iridium phone while riding his horse in Colorado. On the other end of the line was MCI WorldCom boss Bernard Ebbers, the architect of the record- breaking $129 billion deal, which was announced in October. Motorola, meanwhile, using technology developed largely on Iridium's nickel, is getting ready for its next life as a telecommunications satellite contractor. The company is busy coming up with a blueprint for Teledesic, a broadband satellite communications system. If Teledesic approves it, Motorola will begin designing the system. ``We will spearhead the entire engineering team and all the subcontractors and do most of the satellite communications' and ground stations' software and hardware, much the same as we did with Iridium,' said Motorola spokesman Robert Edwards. ``The same people working on Iridium would be transferred to Teledesic. The engineers, research, everything.' Of course, Teledesic may be no more successful than Iridium. Hundreds of small and large competitors have filed for U.S. Federal Communications Commission licenses for similar systems. Shosteck, the Iridium Cassandra, is equally bearish on Teledesic, giving it only a one in 10 chance of ``having a viable market' -- the same odds he gave Iridium. Still, as Standard & Poor's analyst Bruce Hyman points out, ``Motorola has gained substantial experience in commercializing the technology of manufacturing communications satellites in high volume.' Tom Sawyer might have approved. Motorola gets the fence and the paint job. The other Iridium partners are still hoping for some kind of return. ¸1999 Bloomberg L.P. All rights reserved. Terms of Service, Privacy Policy and Trademarks.