WEEKLY UPDATE

Proposed low-Earth-orbit (LEO) operators Globalstar and Iridium fell over 5% and 8%, respectively, versus a week ago. Globalstar and Iridium have slid 18% and 31%, respectively, during the past month due largely to Iridium's satellite failures and doubts about its Sept. 23 commercial start. The DBS operators, on the other hand, did not fare so badly, with Echostar actually up over 2% and TCI Satellite Entertainment gaining more than 8%.