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

To: Rob S. who wrote (12291)	10/4/2002 1:16:29 AM
From: wonk	Respond to of 12823

... trying to find a technology platform/product mission that made economic sense.... No argument from me on that. However reading the release: ...will significantly reduce its staff as it evaluates possible alternative approaches to its business... "Teledesic's global license for 1 GHz of nongeostationary satellite spectrum with international ITU priority is widely viewed as a significant regulatory achievement that is not likely to be duplicated." The former statement is properly vague and the latter is certainly true. I don't believe that whatever is left is just going to fade away. Both Inmarsat and Intesat are to be privatized as a consequence of the Orbit Act. (They both make good money and have manageable debt loads) state.gov Both were to intending to IPO this year. (They have a statuatory responsibility to effect substantial changes in their ownership structures by 12/31/02.) It looks like neither IPO will happen given the market. So what shows up on the wires the day after Teledesic's announcement? Inmarsat in Talks on $1.6 Bln Private Sale LONDON (Reuters) - Global satellite communications group Inmarsat has told employees it is in talks to sell itself to a private equity investor, after abandoning flotation plans twice last year, the Business newspaper reported on Sunday.... Message 18056255 ww