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 : ORFR-ORBIT/FR -- Ignore unavailable to you. Want to Upgrade?

To: Louis Cornell who wrote (313)	2/19/1998 12:32:00 AM
From: Mike Winn	Read Replies (1) \| Respond to of 475

Just for you guys info, the Teledesic project, a joint venture between McCaw, Bill Gates and Boeing to launch a bunch of low orbit satellites, is now put on hold for a couple of months. Reason given is higher cost estimate and Mr McCaw needs to cough up some more money. I don't know if the blame on Asia by Orbit is true or not. I suspect it has more to do with the slow down of various satellite launching projects because of budget problems and technical difficulties. I was lucky to sell ORFR a while ago. Lesson learned: even if a stock drifts down in low volume, SELL! Somebody knew something and didn't step up the plate to buy and keep the price.