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Technology Stocks : George Gilder - Forbes ASAP -- Ignore unavailable to you. Want to Upgrade?

To: Dave Dickerson who wrote (782)	10/30/1998 3:23:00 AM
From: George Gilder	Respond to of 5853

This is the Teledesic project. Backed personally by Bill Gates and Craig McCaw, and now endorsed by Motorola, which abandoned its own Celestri project in favor of Teledesic, this array of 288 satellites will give worldwide coverage, at a cost of some $9.6 billion, with a total bandwidth equivalent to the potential of a single fiber optic thread. Don't knock it; a single fiber optic thread can carry three times as much traffic as the average on the global telephone network just four years ago (one terabit a second). It is a vital venture particularly for the third world. It will render the Internet reachable from anywhere on the face of the earth at T-1 speeds (l.544 megabits a second). But it is not competitive in areas with effective terrestrial service.