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Iridium Pins Hopes on Mexico
- After filing for bankruptcy and defaulting on more than US$1.5 billion in debt in the United States, the beleaguered company turns to Mexico, hoping to sell its satellite phones there. [Wired News]
Iridium Posts Huge Loss
- The satellite-phone provider reports just US$186,000 in fourth-quarter revenue. Sure, it was the first time the company offered commercial service, but $440 million is a mighty big loss. By Joanna Glasner. [Wired News]
Iridium Reports Huge Loss
- The struggling satellite phone company reports another staggering loss -- a deficit of US$505 million in the first three months of the year. Time to look for a new business model? By Joanna Glasner. [Wired News]
Iridium Woes Mount
- Motorola, the chief backer of the Iridium network, warns that the struggling satellite phone company may face bankruptcy or liquidation. [Wired News]
Iridium Won't Go Bankrupt -- Yet
- The troubled satellite telephone company says it won't file for bankruptcy, but will scramble to negotiate better terms with its creditors. Meanwhile, it plans to cut prices. [Wired News]
Iridium: Edsels in the Sky?
- One of the world's most indebted companies, Iridium is struggling to find customers. If the satellite telephone outfit doesn't find a couple hundred thousand in a hurry, it could be in dire trouble. By Joanna Glasner. [Wired News]
Iridium: Pie in the Sky?
- Iridium beat the competition by launching the first satellite phone system to receive calls anywhere on the planet. But its financial results are seriously lagging. By Joanna Glasner. [Wired News]
Irish iMacs Aren't Smiling
- Apple will pare 600 jobs at a plant in southwest Ireland... Also: BT and AT&T may link their wireless operations... IBM announces employee incentives worth US$1.6 billion... Bertelsmann online announces European expansion plans. [Wired News]
Is AtHome Lacking Excitement?
- Was the great merger earlier this year really overkill? All the talk of a breakup or takeover of ExciteAtHome is causing analysts to reassess the relationship. [Wired News]
Is MS Preening in Public Posts?
- The mud flies in the direction of Redmond after an alleged employee accuses the company of faking pro-Microsoft comments in a trade site's forum. The company says that posts were faked. By Heidi Kriz. [Wired News]
Is the Spectrum a Tribal Right?
- New Zealand says it has tried to be fair with the aboriginal Maoris, especially when it comes to sharing natural resources. But how do you share the islands' radio spectrum? Stewart Taggart reports from Sydney, Australia. [Wired News]
Island Grows in a Sea of Stocks
- Island, a scrappy stock-trading network that's trying to become a full-fledged stock exchange, gets US$25 million and support from Wall Street heavyweight Waterhouse. [Wired News]
It Takes an iVillage
- Shares of Web publisher iVillage more than triple in its first day of trading. Apparently, Net stock mania won out over recent accusations of shaky accounting practices and a long trail of red ink. By Joanna Glasner. [Wired News]
It's All About Convergence
- Nortel Networks teams with Microsoft, Intel, and Hewlett-Packard to make devices that send voice, video, and data over a single network. By Joanna Glasner. [Wired News]
It's a Regular Laugh Riot
- To promote the upcoming movie Blue Streak, Sony Pictures is auditioning comics and other alleged funny people via its Web site. Michael Stroud reports from Los Angeles. [Wired News]
Italian Business Gets Modern
- If nothing else, the Olivetti bid for Telecom Italia represents a break from the "club capitalism" that has dominated throughout the century. [Wired News]
Japan Accidents Nuke Chip Stocks
- Semiconductor stock prices tumble on news of a nuclear incident at a Japanese uranium plant. Chip manufacturers near Tokyo could be affected, especially after last week's Taiwan earthquake. [Wired News]
Japan E-Commerce Surges -- Maybe
- The Japanese government insists that e-commerce surged last year, even though the economy and PC shipments slipped. Industry experts ask whether the Japanese government is fudging the numbers. David Lazarus reports from Tokyo. [Wired News]
Japan Eyes Online Trading Warily
- In theory, online trading would be a boon to Japanese investors sick of earning 1 percent from their bank accounts. In reality, the newfangled technology may be slow to take off. David Lazarus reports from Tokyo. [Wired News]
Japan Fumbles With Digital TV
- In their dash to set the standards for digital television, Japanese companies come up with some half-baked experiments. Does anyone really want to read composer bios on his TV? David Lazarus reports from Tokyo. [Wired News]
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