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

To: djane who wrote (7954)	10/22/1999 7:15:00 PM
From: djane	Read Replies (1) \| Respond to of 29986

Next Sea Launch: early 2000 [ICO satellite] sat-nd.com Sat-ND 23.10.99 The Sea Launch consortium plans its second commercial satellite launch in January 2000. A Boeing spokesman confirmed that the payload will in fact be an ICO satellite. ICO, which filed for bankruptcy recently, plans to launch the first of up to nine satellites in January or February as part of a scaled-back plan to offer wireless telephone service. ICO hopes to put another bird in orbit in March or April 2000, which would allow a limited roll-out of the service, and then have one of its satellites launched every month. The company's other launch options are Boeing's Delta III rocket, Lockheed Martin Corp.'s Atlas 2AS and Russia's Proton rocket. Original plans called for a total of 12 ICO satellites. Sea Launch will serve up a total of five or six satellites next year and six to eight in 2001. Boeing spokesman Terrance Scott was quoted as saying, "The market for geostationary (satellites) is a little softer than was originally anticipated." Analysts have estimated Sea Launch would need at least six projects a year to make a profit. Sea Launch has had two successful launches so far, including a test launch in March. Copyright 1999, Peter C. Klanowski. All rights reserved. Peter C Klanowski shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon.