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To: Sawtooth who wrote (3052)	2/21/1999 8:16:00 PM
From: brian h	Respond to of 29987

Tim A, Good analysis. Being an early holder of this stock. I have seen it up and down until the last fall. It never bothered me until the last fall. It really awakens me of being investing in a high risk/ high return business case here in this stock. I never doubt its business model. It is the risk that involved here started to settle in. I wonder whether it will be profitable on the first constellation. G's total cost keeps increasing. I remembered Dragonfly and I debated over the costs on G* and I. The major reason I did not get into I was the cost issue and customers' demands. Now, it seems that I* is really into troubles in terms of costs and demands. Th last fall really costs G* (real money) and us shareholders a lot of money (paper wise). Now the cost increases, however, the demand will be there. The question is ROI model. How long and how soon can we see the real profits rolling in? As rosey as before? Of course not. But, it will still be a big one. Profit will still be a big one, but, how fast the system will work and how many years before we see the real profit? Brian H.

To: Sawtooth who wrote (3052)	2/21/1999 8:38:00 PM
From: djane	Read Replies (1) \| Respond to of 29987

Teledesic cost update ($11B smackeroos). Also Skybridge ($1.4-1.9B) awgnet.com INTERNET EXPENSE Teledesic President Russell Daggatt is now pegging the price tag of the massive "Internet in the Sky" satellite constellation at $11 billion, including financing costs. That's above the $9-billion cost advertised last year and a bit closer to the $15 billion Boeing engineers had privately estimated the system would cost. Teledesic dumped Boeing as its prime contractor last year and switched to Motorola, which is pitching a modified design (AW&ST Jan. 4, p. 29). Several of Teledesic's proposed competitors also updated their projected system costs at the recent Satellite '99 gathering in Washington. Lockheed Martin's Astrolink would cost $3.5 billion, Hughes' Spaceway $3 billion, Alcatel's Skybridge $1.4-1.9 billion and Alenia Aerospazio's EuroSkyWay $795 million.