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 : Energy Conversion Devices -- Ignore unavailable to you. Want to Upgrade?

To: E Haiken who wrote (2250)	9/8/1998 1:43:00 PM
From: Metacomet	Read Replies (1) \| Respond to of 8393

Is the answer to my question that ECD has an interest in rewriteable CD's and DVD's? Do we have any licensing agreements? With whom? When I bought the stock I was under the impression, perhaps mistaken, that ECD would be able to capitalize on their intellectual property. My questions were serious. The posting of the bits about the disk developments all assume that everyone here knows which announcements are germaine to ECD. I haven't seen the FAQ. There is a maze of formats and players out there. My questions relate to which of these formats and players have potential ramifications for ECD holders. If you know, please summarize. As to the why own ECD stock, dunno. Guess I had an urge to flush several thousand dollars down the toilet.

To: E Haiken who wrote (2250)	9/10/1998 11:41:00 AM
From: Tom Hoff	Respond to of 8393

Sorry about Globalstar E Haiken, but incidents like this give more justification to Skystation. Globalstar loses 12 satellites in launch failure NEW YORK (Reuters) - Globalstar Telecommunications Ltd., which is building a satellite-based global communications network, said Thursday it lost 12 satellites worth $180 million when a rocket malfunctioned during launch. News of the loss, although covered by insurance, sent Globalstar's stock plunging $7.44, or 42 percent, to $10.44 in heavy trading on the Nasdaq market, where it was the second most active issue with 4.4 million shares changing hands. Shares of Loral Space & Communications Ltd., which owns 42 percent of the Globalstar consortium, fell $4.75, or 26 percent, to $13.19 in heavy trading on the New York Stock Exchange, where they topped the most active list. A Globalstar spokeswoman said she could not provide any details regarding the financial impact of the accident, which was still being investigated. Globalstar, which has several other international telecommunications corporate investors in addition to Loral, said it was assessing its options regarding future launches. The company, which planned to have a 48-satellite worldwide telecommunications network operating by the middle of next year, said it still hoped to be operational by the end of 1999, perhaps using just 32 satellites. The setback came a day after one of Globalstar's main competitors -- Iridium LLC, a consortium led by Motorola Inc. -- said it delayed the commercial start of its global satellite communications system by more than a month to complete testing and make final refinements to the $5 billion venture. Globalstar said its 12 satellites, which cost about $15 million apiece, were destroyed when a Ukrainian-made rocket carrying them malfunctioned and crashed shortly after launch from the Central Asian country of Kazakhstan. It added that preliminary data indicated a problem occurred in the second stage of the Zenit 2 rocket as it lifted off from the Baikonur Cosmodrome in Kazakhstan -- once the main space center of the former Soviet Union. The accident was also a setback for Russia's and Ukraine's space industries, which have been struggling to make a living following the end of Soviet government subsidies by taking a major share of the fast-growing satellite launch market. Globalstar said it may be able to resume its launch campaign using Soyuz rockets as early as November, although each Soyuz could carry only four satellites. Other investors in the Globalstar system include U.S. companies Qualcomm Inc., which holds a 6 percent stake, and AirTouch Communications Inc., which owns about 5 percent. Other participants in the consortium, some of whom provide services but hold no equity position, include Alcatel of France, Alenia France Telecom of Italy, Hyundai of South Korea, Daimler Benz Aerospace of Germany and Vodafone Group Plc of Britain. 11:07 09-10-98 Copyright 1998 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. All active hyperlinks have been inserted by AOL.