Word: comsat
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Dates: during 1980-1989
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Colino joined Comsat, Intelsat's U.S. affiliate, in 1965. After 15 years he became its representative on Intelsat's board of governors and then jumped to the top rung at the international agency. He took office just as critics, especially within the Reagan Administration, accused Intelsat of obstructing the growth of competing satellite systems that would bypass Comsat. The clever and resourceful attorney moved swiftly to increase Intelsat's flexibility. Among other things, Colino led Intelsat to sell satellite transponders, which are the parts of the orbiters that relay electronic signals, to 13 countries, including Japan and Argentina, which...
...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...
...purchase of MCI stock is not IBM's first move into telecommunications. In 1974 it started Satellite Business Systems, a venture with Aetna and Comsat that was designed to provide data and telephone communications mainly for large corporations. The operation, however, has not been successful, losing $1.3 billion in the past eleven years. IBM eventually bought out Aetna and Comsat. Despite that setback, IBM has continued to push ahead into telecommunications. Last year it bought Rolm, the third-largest maker of telephone switching equipment, for $1.2 billion. IBM and Merrill Lynch have created International MarketNet, a service that supplies information...
...gloom quickly vanished when the black-and-white bird finally arced through the bluest skies that shuttle watchers had ever seen. Hours later the crew got down to work, releasing a Satellite Business Systems Comsat, the first of three communications devices to be deployed. The 1,069-lb. cylinder, to the intense relief of everyone involved, went toward its proper geosynchronous orbit 22,300 miles above earth without a hitch: the payload assist module (PAM) used for the launching was the same kind of device that had shoved two satellites into uselessly low orbits last February. A second satellite...
...Landsat 4, the satellite whose color views of the planet have provided invaluable information on crops, pollution and mineral deposits. The White House said the man-made orbiters could be operated more efficiently by private firms. The most probable buyer at a price of some $300 million: Comsat, the Communications Satellite Corp., which has expressed an interest in increasing its own satellite network...