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Technology Stocks : Boeing keeps setting new highs! When will it split? -- Ignore unavailable to you. Want to Upgrade?

To: Marvin L.Covey who wrote (2237)	4/30/1999 7:55:00 AM
From: Neil H	Respond to of 3764

Friday's Top Stories Boeing in talks for control of Ellipso Compiled by CBS MarketWatch Last Update: 4:00 AM ET Apr 30, 1999 NEW YORK (CBS.MW) -- Boeing Co. is in discussions on gaining a controlling stake in the $2.4 billion Ellipso satellite mobile-phone project. According to The Wall Street Journal, long meetings over the past week at Boeing's space and communication unit in California focused on Boeing's cost to acquire a majority interest in Mobile Communications Holdings Inc. The Washington, D.C. based company has a Federal Communications Commission license to launch the novel 17-satellite system. Executives told the Journal the talks could linger for another month. The cost to Boeing (BS: news, msgs) could exceed $700 million, while others said that price is too low to conclude a sale. Boeing made a $50 million equity investment in Ellipso a year ago, when the Seattle aerospace company agreed to be the prime contractor and integrator for the project.The Wall Street Journal