Word: comsat
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Dates: during 1964-1964
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...situation was unusual, so is the firm that Johnson spoke of. It has little money, only 53 employees, and an ivy-covered mansion in Washington for its headquarters-where its president's office is the master bedroom. Comsat is unique in more important respects: it is a privately owned, Governmentsheltered monopoly that hopes to become a billion-dollar corporation. Its aim: to girdle the world with communications satellites capable of relaying telephone, telegraph, TV and facsimile signals between practically any two points on earth...