Word: stocke
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Dates: during 1990-1999
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...mobile-phone market projected for 2003, Psion's share of Symbian alone could be worth $430 million a year. The deal also meant that Psion's computers might find more customers. Psion's depressed shares soared as a result, from $3.36 to $12 on the London Stock Exchange. "For a while it looked like Psion was finished, but by getting together with the dominant players in the telecom industry and partnering with them, they have given themselves a lifeline," says Patrick Yau, an analyst with Nomura Securities in London...
...those are still sideshows. One of the biggest areas of growth for mobile is expected to come in the form of data communications. It is already possible in most European countries to subscribe to services that will send soccer scores and stock prices to your mobile using short messaging, much as a pager does. Soon an advertiser like McDonald's will be able to send a data message to every mobile phone at a football stadium urging their owners to eat a Big Mac at halftime. Or a pedestrian walking past a car showroom might receive a message inviting...
...live on Sept. 23, but then software glitches led officials to disclose that they will delay until Nov. 1 what amounts to the final roll of the dice in its $5 billion gamble to revolutionize telecommunications--or become the best-publicized flop in history. The announcement nudged its stock price on the NASDAQ exchange down to the mid-30s in mid-September, from a stratospheric high of $72 a share in May. The firm also revealed that it has not yet received a license to operate in France. Nonetheless, the advertising campaign for the system is under way, and Iridium...
...into a potentially more serious snag. Minutes after a Ukrainian-built Zenit-2 rocket carrying 12 Globalstar satellites thundered skyward from the Baikonur cosmodrome in Kazakhstan on Sept. 10, its engine failed. The 460-ton rocket fell back to Earth, showering debris across southern Siberia and driving Globalstar's stock down 40% overnight. The $190 million payload was covered by insurance, but the disaster delayed the system's debut even further. It was a big blow. Like the first cold-beer vendor on a hot beach, Iridium is more likely than ever to win those first and most eager customers...
...Taliban militia in neighboring Afghanistan has drawn enmity from Iran and the Central Asian republics (see following story). India and Pakistan have intensified their cross-border artillery fire in disputed Kashmir. Nearly bankrupt, Pakistan may run out of foreign exchange by the end of the month, and the Karachi stock exchange imploded after the May 28 underground nuclear tests, wiping out half its share value...