Iridium Settlement, Kudos for Hughes
A judge approved a settlement of disputes in Iridium bankruptcy cases pending in U.S. Bankruptcy Court in New York. Motorola said approval of the settlement resolves all pending claims against the company arising out of Iridium's bankruptcy proceedings.
The Tech Council of Maryland named Hughes Communications "High Technology Firm of the Year" at the organization's annual dinner and tech awards celebration. A panel of industry/council members and service providers from throughout the state selects the annual award winners.
PROGRAMMING - WealthTV said its parent, Herring Broadcasting, has contracted for a long-term extension of its transponder service agreement with Intelsat. Through the deal, Intelsat's Galaxy 13 satellite will continue to deliver WealthTV's digital and high-def feeds to cable, telco and DBS providers.