Friday after the FCC granted the company the right to sell satellite phone services to customers in the United States.

Arman Musey, Satellite Comm. analyst, said that the FCC news was expected and should not have caused the stock's jump.

Shares of the satellite telephone company were up $8-13/64 at 44 on Nasdaq market volume of 9.4 million.

The stock earlier on Friday set a new 52-week high at $49-1/2.