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

To: djane who wrote (5039)	6/4/1999 12:22:00 PM
From: Rocket Scientist	Read Replies (1) \| Respond to of 29987

Teledesic Moves to New Global Headquarters Called 'Broadband Center' BELLEVUE, Wash. - May 24, 1999 - Teledesic LLC, which is building a global, broadband Internet-in-the-Sky, is moving to a new global headquarters here called the "Broadband Center." The building is a former warehouse that has been converted into a high-tech, custom workspace for Teledesic. Opening June 1, the Broadband Center will initially house about 115 Teledesic employees. The new address is Teledesic LLC, Broadband Center, 1445 120th Ave. N.E., Bellevue, WA 98005. All Teledesic phone numbers remain the same. "We're moving to our new headquarters so we can bring our team together in one location and accommodate our future growth," said Teledesic President Mark Shahriary. Teledesic previously occupied several floors in two different buildings at Carillon Point in nearby Kirkland, Wash. Teledesic will occupy about 70,000 square feet, including 50,000 square feet on the main floor and 20,000 feet in a mezzanine that was added during renovation of the building. NBBJ Architects of Seattle, which designed the Broadband Center, used raw materials, such as steel, exposed wood beams and natural light, to transform the building into an open, efficient work environment. Foushee and Associates of Bellevue, Wash., was the project manager on the building. To fuel Teledesic's turbo-charged culture, the Broadband Center includes a full-service Tully's gourmet coffee store. Other features of the building include huge skylights, 27-foot ceilings, a high-tech raised floor housing the company's electrical, telephone, data and mechanical air supply, a "floating" conference room and catwalk attached to the mezzanine, a workout facility and locker room, a game room and a garden courtyard. "It's an innovative workspace for an innovative company," said Bill Owens, Teledesic's co-chief executive officer. "The open floor plan design will facilitate more communication and collaboration among our team members, which is ideal for our culture." Using a constellation of low-Earth-orbit satellites, Teledesic is the first licensed satellite communications network that will enable affordable, worldwide access to "fiber-like" telecommunications services such as computer networking, broadband Internet access and interactive multimedia. Teledesic will deliver broadband data and value-added services over a global network optimized for the Internet Protocol that can guarantee end-to-end quality of service. Telecommunications pioneer Craig McCaw and Bill Gates are the two primary founding investors in Teledesic. Other investors include Motorola, Saudi Prince Alwaleed Bin Talal and The Boeing Company. Teledesic (pronounced "tel-eh-DEH-sic") is a private company based in Bellevue, a suburb of Seattle. Teledesic and "Internet-in-the-Sky" are service marks of Teledesic LLC. Media Contact: Roger Nyhus, +1.425.602.6500; roger@teledesic.com Corporate Office: +1.425.602.0000; info@teledesic.com

To: djane who wrote (5039)	6/4/1999 12:48:00 PM
From: djane	Read Replies (3) \| Respond to of 29987

Interesting (unconfirmed) ICO info from G* yahoo thread Top>Business and Finance>Stocks>Services>Communications Services>GSTRF (Globalstar Telecommun.) Help - Add to My Yahoo! - Sign Out Much Too Optimistic LC by: Sattomatic 6679 of 6683 Did you know that there were ZERO institutional takers for this deal? None. Also, that two of ICO's own partners backed out? This is an ominous sign for ICO. Posted: 06/04/1999 11:41 am EDT as a reply to: Msg 6668 by LawrenceCooper