Techno-News Blog Ray Schroeder, editor, OTEL - University of Illinois at Springfield |
|
|
Technology News for Higher Education Times and Dates Coordinated Universal Time
Subscribe to Techno-News Blog by Email
|
Saturday, December 01, 2001
http://www.forbes.com/2001/11/30/1130tentech.html The Return Of Iridium Arik Hesseldahl, Forbes.com ...So what makes the new Iridium better than the old one? Simplification, Picasso says. Because of its cost structure, the old Iridium needed a million subscribers or more to even get close to breaking even. The new Iridium is paying subcontractor Boeing (nsye: BA - news - people) 10% of what the old company paid to operate and maintain the satellites. That lowers the break-even point to about 60,000 subscribers, much lower than the million needed by the old company. And that's not a hard number to reach. Already Iridium has a two-year, $72 million contract with the U.S. Department of Defense that allows for 20,000 users. That contract alone covers 40% of the operation, he says....
Comments:
Post a Comment
|
