Teledesic is a company that was founded in 1990 with the goal of bringing high speed, affordable access to "fiber like" telecommunication services to all parts of the world. It originated in Bellevue, Washington, a suburb of Seattle. Since then, it has expanded to other parts of The United States, and countries such as Brussels, Belgium, United Kingdom, Spain, Germany, and Canada, (Jones 20). Their plan is to build a global network of satellites, with services ranging from computer networking, broadband Internet access, and interactive multimedia with high quality fiber like technology. Their goal is to launch 288 satellites, which will start in the late 2004. Founder and chairman Craig McCaw made the dream of such an enterprise possible, through Teledesic. With a $9 billion price tag, it is well supported by major sponsors such as Microsoft Inc, chairman Bill Gates, Boeing, Motorola, and Saudi Prince Alwaleed Bin Talal, the Abu Dhabi Investment Company (Alan 77). Recen!
             tly, Teledesic invested $1.2 billion in ICO Global Communication, which was on the verge of bankruptcy. Once the merge takes place, ICO Global Limited and Teledesic, will be called ICO-Teledesic Global Limited. Upon the union, McCaw will control 54% of the company and plans to file with Securities and Exchange Commission to go public before March 31 2001. Despite previous setbacks and financial troubles, it is up to McCaw to come up with a strategy to put Teledesic back in the satellite broadband market (Martinez 1). The following illustrates the company's timeline:
             · 1988: Original concept started
             · 1990: Ed Tuck of Magellan Global Positioning Satellite Company, and McCaw of McCaw Cellular Communication Inc., teamed together to form Teledesic.
             · 1994: First global satellite designed. Teledesic first announced publicly and applied for a license with the Federal Communications Commission.
             · 1995: World...