Word: comsat
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...proportions when Middlesex County Prosecutor Alan Rockoff reported that the youths, in addition to carrying on other mischief, had been "changing the positions of satellites up in the blue heavens." That achievement, if true, could have disrupted telephone and telex communications on two continents. Officials from AT&T and Comsat hastily denied that anything of the sort had taken place. In fact, the computers that control the movement of their satellites cannot be reached by public phone lines. By week's end the prosecutor's office was quietly backing away from its most startling assertion, but to most Americans...
...thousand," said Don Yeomans of NASA's JPL labs. "But on the other hand, some of these satellites are worth hundreds of millions of dollars, so you do take whatever precautions you can." Even a single direct hit could cause a communications disaster: Remember the malfunction of ComSat 3 earlier this year that put most cell phones and beepers to sleep? Now, some of us would see that as a blessing in disguise...
Right now, the N.F.L. opposes corporate ownership of teams, and until it changes the rule or the new league comes along, the best opportunities in share buying are in basketball, baseball and hockey. Paramount Communications (soon to merge with Viacom) owns the Knicks and the Rangers, Comsat owns the Denver Nuggets, and Disney has the Mighty Ducks of Anaheim, California...
...lockstep culture. Going against tradition, he recruited top executives from outside, including Alex Mandl, former president of the Sea-Land ocean-shipping concern, as chief financial officer; Jerre Stead, former chief executive of electrical-equipment maker Square D, as head of the computer division; and Richard Bodman, of the Comsat satellite-communications consortium, as top strategist. Allen also brought in managers from small Silicon Valley firms to help teach AT&T's stodgy staff the newest tricks of the trade...
...Colino decide to rip off his employer? A former Comsat associate describes Colino as "ambitious and manipulative" and bitter at not advancing more rapidly earlier in his career. An associate in Intelsat speculates that Colino thought he would make the organization "grow so fast they wouldn't miss the money." But they did, and a promising career self-destructed...