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: Valueman who wrote (1396)	6/24/1998 11:52:00 AM
From: Thomas	Read Replies (1) \| Respond to of 29987

FYI: GlobalStar Plans US$20mn Venezuela Investment - Regional June 24, 1998 Global satellite operator GlobalStar is planning to invest US$20mn to develop a land station in Venezuela, one of three the company will build in Latin America. Further stations in Argentina and Colombia are also planned. The US$2.6bn international Global Star program will use 48 satellites to operate global mobile telephony within a year. The consortium is made up of the following companies: Loral, AirTouch, Alcatel, Alenia, DaCom, Daimler-Benz Aerospace, Elsag Bailey, France Telecom, Hyundai, Vodafone and Qualcomm. Global Star is competing with the Iridium satellite project, controlled by US-based Motorola. Source: El Universal, Venezuela P.S. Anyone know the status of the Soros/LOR deal?

To: Valueman who wrote (1396)	6/24/1998 3:43:00 PM
From: Reagan DuBose	Respond to of 29987

flatoday.com Russian Zenit 2 rocket launch halted again Copyright c 1998, The Associated Press. All rights reserved. MOSCOW (AP) - Russia postponed the launch of six satellites on Wednesday for the second time, after new problems were discovered with the cranky Zenit-2 booster rocket, officials said. The launch from Russia's Baikonur cosmodrome had originally been scheduled for Tuesday, but it was postponed until Wednesday because of a failure in the rocket's orientation system. The orientation was adjusted, but on Wednesday morning the system broke down again, said Alexander Buchin, spokesman for Russia's Strategic Missile Forces. "The malfunction is floating, which means that when the rocket was checked before being placed in the starting position everything was OK, but when it was taken to the site, inaccuracy in aiming was found," spokesman for the Russian Space Agency, Sergei Gorbunov, was quoted as saying by the ITAR-Tass news agency. An expert commission decided Wednesday that it would take at least a week to fix the problem, Gorbunov said. The satellites would have to be disconnected from the booster, which would be taken back to an assembly and testing shop for repairs, he said. Space experts have been cautious with the Zenit-2 booster since it has been involved in more than a half dozen accidents and failures since 1985. Last year, a Zenit-2 booster crashed less than a minute after launch from Baikonur, which is located in neighboring Kazakstan. No new launch date has been set, Gorbunov said. "Of course, this is an unpleasant incident, but I think that by postponing the launch we have avoided big problems, as the satellites could have been put into the wrong orbit," he said. The booster is to carry into orbit satellites from Russia, Germany, Israel, Chile, Australia and Thailand. The Russian Resurs-0 satellite will relay ecological and meteorological information, while the others will take measurements of the Earth's surface. Russia has been pushing commercial satellite launches as a way to help fund its space program, which is struggling after the loss of Soviet-era subsidies. Russia launched 48 commercial satellites last year.