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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: techreports who wrote (50181)	2/4/2002 7:41:28 AM
From: stockman_scott	Respond to of 54805

TELEDESIC PROCEEDS WITH PLANS FOR GLOBAL SATELLITE NETWORK February 1, 2002 Teledesic selected Italian satellite manufacturer Alenia Spazio SpA to build the first two satellites for its planned global, broadband Internet-in-the-Sky network. Negotiations are underway with Alenia Spazio and other manufacturers for the remainder of the satellites needed for the Teledesic constellation. Alenia Spazio was responsible for the assembly, integration and testing of the 72 satellites built for Globalstar. Teledesic's latest network architecture calls for 30 medium-Earth-orbit Ka-band satellites. The first 12 satellites are expected to cost under $1 billion, substantially less than previous system designs, and provide coverage needed to launch service in several areas of the world. The remaining 18 satellites would expand coverage globally. teledesic.com Telecommunications pioneer Craig McCaw and Microsoft's Bill Gates are Teledesic's two primary founding investors. Strategic investors also include Saudi Prince Alwaleed Bin Talal, The Boeing Company and The Abu Dhabi Investment Company.