The cash-strapped global satellite-telephone company invokes a 30-day grace period for payment of interest on its $1.45 billion in bonds.
The story "Iridium misses bond payment" published July 16, 1999 at 7:45 AM is no longer available on CNET News.
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Cutting Edge
Inside CERN with a collider scientistCrave UK chats with a particle physicist directly involved in the Large Hadron Collider experiments to get a sense of what it's like to work in a geek heaven.
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Gallery
App Store collector's items: 10 rarities (images)
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The Open Road
Open source: No vow of poverty (or get-rich-quick scheme)Open source is not a sure-fire way to get developers, income, or much of anything, but used right it can help to grow a proprietary software business. Go figure.
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Beyond Binary
Microsoft investigating 'black screen of death'The software maker is looking into reports that some users' systems aren't working right after installing the latest Windows security updates.
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Video
Google Chrome OS demonstration
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Signal Strength
Big marketing budget drives Moto Droid salesVerizon and Motorola are spending big bucks--$100 million--on marketing the new smartphone, and it looks like it will pay off with 1 million devices sold by year's end.
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Video
Google Chrome OS unveiling
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The Social
Hungry fail whale eats up Twitter listsDid you spot it? In response to a high level of error messages, Twitter temporarily disabled its fledgling "Lists" feature.
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Cutting Edge
CERN's collider sets proton speed recordThe recently restarted Large Hadron Collider has become the world's most powerful particle accelerator, after setting a new record for beam intensity.
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Gallery
Noisebridge hacker collective (photos)
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iPhone Atlas
How the Grinch iPhone game stole my $1.99Suitable only for the littlest Whos, Grinchmas offers awkward, repetitive gameplay. Skip it and get the entertaining Dr. Seuss Camera, Grinch Edition instead.
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Los Angeles Auto Show
Microturbine-powered hybrid supercar to debut in Los AngelesMicroturbine maker Capstone launches a hybrid sports car at the Los Angeles Auto Show to demonstrate its technology.
