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To: djane who wrote (4727)	5/19/1999 12:39:00 PM
From: RMiethe	Read Replies (1) \| Respond to of 29987

A good satellite research source that we employ has long held Teledesic will never see the light of day, unless Microsoft commits at least $3-4 billion more in seed capital. This is a source enthusiastically disposed towards satellite ventures, but calls this one "a project for the mid-21st century, not by any means in the early 21st. The costs for designing the optical intersatellite linkages are monstrous", so the comments go, "and probably the cost is closer to $20 billion for the space segment alone." This is from a research firm that usually sees silver linings in clouds, but in this one, apparently, the storm rains are too heavy to make an optimistic call on Teledesic's future.

To: djane who wrote (4727)	5/19/1999 1:10:00 PM
From: John Stichnoth	Respond to of 29987

From the article: <Motorola's last big satellite venture -- the $5 billion Iridium phone network -- has generated huge losses for the company.> Does anyone know how much Motorola is actually out of pocket on IRID? Seems that a lot of the money put into IRID was paid to Motorola, for development and "management" fees. To the extent that Motorola's costs were lower, they weren't out so much. Certainly, to the extent that paid in capital to IRID and debt issued has flowed through to MOT, their cash losses have been minimized. Just curious.