Satellite Failure Sends Vendors Scrambling To Net
DELIVERY TECHNOLOGIES
NEW YORK--North American suppliers of stock quotes, news and other data normally delivered by satellite were scrambling last Wednesday to get their clients back on track after the Galaxy IV satellite failed. Many of those vendors were steering their clients towards their Internet-delivered services--which remained unaffected by the satellite outage.
At about 6 p.m. New York time, last Tuesday, PanAmSat's Galaxy IV satellite "experienced an anomaly within its onboard spacecraft control processor,'
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