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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Scientist who wrote (4731)	5/19/1999 1:38:00 PM
From: RMiethe	Read Replies (1) \| Respond to of 29987

Microsoft has not invested one penny in Teledesic, that is correct. Until Teledesic can get $3-4 billion from them (for they plan on being Microsoft's "platform in the sky" according to Russell Daggart), the point is Teledesic, as one opinion has it, is going nowhere. Money-- bankloads-- is what makes satellite systems viable, and if Microsoft doesn't commit to Teledesic (and Teledesic is to be a platform for it), why would anyone else is the thinking. McCaw has invested more than $10 million-- I don't know the exact number. Bill Gates' investment I don't know at all.