It is possible that Telstar 401 failed because of the activity created by a coronal mass ejection that rose off the Sun on January 6, 1997. (The gray picture at left shows what the CME looked like at 1850 UTC on that date.) The CME is the white arc moving down from the occulting disk. It is called a halo CME because we see it as a ring around the Sun, which means it is heading straight towards Earth!
The impact of the CME was not very dramatic when it reached Earth a few days later. But the energies of the radiation belt protons and electrons were increased enough that they caused an electronic component to arc and fail. There were several attempts to revive Telstar 401, but it was eventually declared a loss.
According to the Union of Concerned Scientists, there are almost 500 satellites currently operating in geosynchronous orbits about the Earth. Most of them are in the geostationary belt that allows them to appear stationary in the sky. There are about 100 defunct satellites in graveyard orbits further away from the Sun. But it is the failed satellites and spent boosters that blunder along and show up on the SDO conjunction report every month or so.
Telstar 401, a true ghost of space weather!