Articles tagged with: Teledesic

01
October
2002

Did McCaw and Teledesic aim too high, too fast?

Featuring: Marco A. Caceres

Did McCaw and Teledesic aim too high, too fast?

“A few years ago, I realized (Teledesic officials) don’t even have a clue, and this just confirms it,” said Marco Caceres, an analyst with Fairfax, Va.-based aerospace analysts the Teal Group. “You’d expect more from a visionary, who knows the market’s not there but says, ‘We’re going to go out there and develop it.’ You go out and you have enough confidence in your marketing and your concept” to make it work, he said. Teledesic, which is backed in part by Microsoft Corp. co-founder Bill Gates and The Boeing Co., says it hasn’t given up on its vision of a constellation of satellites giving government, business and consumers access to portable Internet connections that are from 10 to 100 times faster than DSL and cable modems. The company, which has received more than $500 million in private investments and much of McCaw’s own money, said it remains solvent. But Caceres’ take is that Teledesic is in trouble, because it has been on the wrong course since the outset. Skepticism so far has been muted only because of McCaw’s reputation as a telecommunications wizard, he said.

Media Outlet: Seattle Post-Intelligencer Tags Craig McCaw | Teledesic

28
February
2000

McCaw relaunching satellite hopes

Featuring: Marco A. Caceres

McCaw relaunching satellite hopes

Industry observers say there could be more deals in the offing. All eyes are on Globalstar, a $3-billion, 52-satellite system that has reportedly run into trouble obtaining handsets from suppliers. Whether Globalstar is in financial trouble will not be known for sure until next year, when it must report to lenders, but it is being closely watched by the industry. “Globalstar is a test of whether there’s really a market for satellite phones and how big it is,” says Marco Caceres, space analyst at Fairfax, Va.-based Teal Group, “or whether the whole industry is just a mistake.”

Media Outlet: Providence Business News Tags GlobalStar | Teledesic

27
September
1999

McCaw Re-Examines Strategy For Teledesic ‘Sky Internet’

Featuring: Marco A. Caceres

McCaw Re-Examines Strategy For Teledesic ‘Sky Internet’

Mr. McCaw “is not going to have an easy time raising nine, 10, 20 billion if he focuses on going it alone,” Marco Caceres, senior space analyst with the Teal Group, Fairfax, Va., said. There has been speculation for weeks that Mr. McCaw might take a role in Iridium, because Motorola is the prime contractor and an investor in both projects. But any restructuring of Iridium would be complicated, requiring approval from banks, bondholders and the bankruptcy court. A Motorola spokesman said he knew of no discussions with Teledesic about Iridium and declined to comment further. Mr. Caceres said a partnership between Mr. McCaw and Hughes “seems very rational and makes more economic sense than messing with Iridium.” Hughes is an investor and contractor for ICO, and also plans its own satellite-Internet project, dubbed Spaceway, that is expected to launch in 2002. But it isn’t clear what Hughes would gain from such a deal, since Spaceway is ahead of most competitors. A partnership also could face regulatory hurdles.

Media Outlet: The Wall Street Journal Tags Craig McCaw | Teledesic

30
May
1999

Risks Soar, The Rockets Don’t

Featuring: Marco A. Caceres

Risks Soar, The Rockets Don’t

Today’s rocket failures and capital flight may subside in time for other projects now being planned. Teledesic, a 288-satellite “Internet in the sky” backed by cell-phone pioneer Craig O. McCaw and Microsoft Corp.’s William H. Gates III, has already raised $1 billion from Motorola Inc., Boeing Co., and other sources to help with its 2003 launch. “Our investors have a long-term perspective,” says a spokesman. But higher launch and insurance costs are throwing Teledesic’s $9 billion budget into doubt. “A more reasonable figure is $15 billion, but they’re not willing to say that yet for fear of scaring off Wall Street,” says Marco Caceres of researcher Teal Group. Teledesic plans eventually to go public.

Media Outlet: Bloomberg News, Business Week Tags Teledesic

30
November
1998

The skies get crowded

Featuring: Marco A. Caceres

The skies get crowded

Teledesic President Russell Daggatt insists he can limit the costs to $9 billion. Maybe. “Teledesic will probably cost closer to $15 billion, and I’m being conservative,” predicts satellite expert Marco Caceres of Fairfax, Va.-based aerospace consultants Teal Group.

Media Outlet: Forbes Tags Teledesic

31
May
1998

The Internet Space Race

Featuring: Marco A. Caceres

The Internet Space Race

Still, the new Teledesic promises to be a formidable competitor. “The two of them together certainly makes the venture more credible,” says Maehl. In addition to the savvy and deep pockets of Gates and McCaw, it has strong international backing. In April, billionaire Prince Alwaleed of Saudi Arabia invested $200 million for a 13.7% stake–and agreed to help market the service.SPEEDY. Motorola’s satellite-building skills will also be critical. The company has trimmed satellite manufacturing time down to little more than four days, compared with an industry average of two years for larger birds. “Really, the best people to build [Teledesic] would be Motorola, because they have this assembly-line technique,” says Marco Caceres, senior space analyst at market researcher Teal Group.

Media Outlet: Bloomberg News, Business Week Tags Teledesic

22
May
1998

Teledesic’s Future Tied to Iridium

Featuring: Marco A. Caceres

Teledesic’s Future Tied to Iridium

But if the plan fails, Teledesic may be financially out of luck. “Everything depends on Iridium,” said Marco Caceres, senior space analyst with the Teal Group. “It’s clear in the investment community that if, on 23 September, they turn on the switch and it [doesn't] work, it would be bad for Celestri,” he added. “They won’t be able to raise US$15 billion or whatever it will cost if their $5 billion system isn’t working,” noted Caceres, who pores over satellite system proposals and papers to advise investors.

Media Outlet: WIRED Tags Celestri | Iridium | Teledesic

03
February
1998

Teledesic, Boeing Negotiate Details Of Satellite Network — Project Watchers Speculate Price Tag Could Skyrocket

Featuring: Marco A. Caceres

Teledesic, Boeing Negotiate Details Of Satellite Network — Project Watchers Speculate Price Tag Could Skyrocket

If Teledesic is to one day offer competitive prices to customers of the high-speed computer network, it must keep costs down now. But Marco Caceres, a space-industry analyst with The Teal Group in McLean, Va., says industry sources have told him that Boeing is projecting the satellites could cost $35 million apiece. Teledesic wants to pay $20 million each. If Caceres’ numbers are accurate, for example, the total project cost – including launching the satellites – could jump from the $9 billion target to between $13 billion and $15 billion. Caceres said that by industry standards, Teledesic’s $9 billion goal is too ambitious. “Pricing is not an exact science, by any means,” he said. “But I cannot believe these guys are not expecting the price would eventually go up.”

Media Outlet: Seattle Times Tags Boeing | Teledesic

30
April
1997

Boeing Joins Gates, McCaw in Internet Space Venture

Featuring: Marco A. Caceres

Boeing Joins Gates, McCaw in Internet Space Venture

But experts say Boeing’s resources may help Teledesic overcome the hurdles. “In the past there has been a lot of skepticism,” said Marco Caceres, an analyst with the Teal Group Corp., a Fairfax, Va., consulting firm. “But now with Boeing, they have a whole lot more credibility . . . because Boeing is one of the world’s biggest players in the commercial [satellite] launch business.”

Media Outlet: The Los Angeles Times Tags Boeing | Teledesic

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