| Business Summary | | New
ICO,
formerly
known
as
ICO
Global
Communications
Ltd.,
is
developing
a
family
of
quality
voice,
wireless
Internet
and
other
packet-data
services
that
will
make
personal
mobile
communications
possible
all
over
the
world.
New
ICO
intends
to
launch
commercial
satellite
services
in
2003
after
a
period
of
extensive
customer
testing
in
2002.
The
Company's
goal
is
to
provide
global
Internet
protocol
services,
including
Internet
connectivity,
data,
voice
and
fax
services.
The
New
ICO
network
is
also
intended
to
provide
other
data
communications
services,
such
as
global
real-time
and
near
real-time
two-way
messaging
services.
The
Company's
system
will
consist
of
a
space
segment
and
a
dedicated
ground
network.
The
system
will
operate
in
both
circuit-switched
mode
(based
on
the
GSM
standard)
and
in
packet-switched
and
Internet
protocol
mode. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | New
ICO
is
a
development
stage
company
developing
and
commercializing
global
mobile
communications
using
a
constellation
of
high
performance
satellites
in
medium
earth
orbit
and
a
ground
telecommunications
network.
For
the
fiscal
year
ended
12/31/98,
revenues
totalled
$142
thousand,
up
from
$0
thousand.
Net
loss
fell
41%
to
$110.7
million.
Results
reflect
initial
revenues
from
the
ICOroam
service
and
the
absence
of
$150
million
in
TRW
settlement
costs. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Richard Greco, 43 | CEO | Alan Rowbotham | Interim
CFO | Geoff Finch, 52 | Sr.
VP, Marketing | Millie Banerjee, 52 | Sr.
VP, ICONET Bus. Management | Pat McDougal, 47 | Sr.
VP, Strategic Bus. Devel. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|