| | Business Summary | | U.S.
Digital
Communications,
Inc.
(U.S.
Digital)
was
primarily
a
global
satellite
communications
firm
that
specialized
in
corporate
applications.
Specifically,
the
Company
provided
satellite
telephone
subscriber
equipment
and
services,
including
Low
Earth
Orbit
and
Geostationary
Digital
Satellite
Telephone
Systems.
The
Company
operates
International
Satellite
Group,
Inc.
(Insat),
which
owns
Skysite
Communications
Corp.
and
Project
77
Corp.
On
June
14,
2000,
the
Company
reported
that
all
of
its
directors
and
officers
had
resigned.
As
of
that
date,
the
Company
had
no
employees,
officers,
or
directors.
The
Company
also
had
no
assets,
no
revenues,
and
no
money
to
continue
in
business.
In
addition,
the
Company
did
not
have
the
capability
to
transact
business
in
the
future. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | U.S.
Digital
Communications
is
a
provider
of
satellite
and
wireless
digital
communications
equipment
and
services
to
corporate
and
other
consumers.
For
the
nine
months
ended
9/30/99,
total
sales
rose
61%
to
$1.3
million.
Net
loss
applicable
to
Common
rose
28%
to
$9.5
million.
Revenues
reflect
increased
equipment
sales
due
to
the
introduction
of
Iridium
products.
Higher
loss
reflects
negative
margins
due
to
aggressive
discounts
on
Iridium
equipment. | | More
from
Market Guide: Significant
Developments |
| | Officers | | | FY1998 Pay | |
| Robert Wussler, 61
Chairman,
Pres and CEO | $244K | Edward Kopf, 51
Exec.
VP and Sec. | -- | David Ives, 46
VP,
Treasurer and Controller | -- | Philip Kernan, 48
Pres
and CFO of Insat | 161K | Charles Maynard, 54
CEO
of Skysite | 172K | | Dollar amounts are as of 31-Dec-1998 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
