IRID - Iridium World Communications IPO Announced! Message Board

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Technology Stocks : IRID - Iridium World Communications IPO Announced!

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To: Sober who wrote (2221)	7/30/1999 12:43:00 PM
From: Bryan	of 2693

Are you a subscriber to the NewsBytes site? I read that article as well. Not too sure of the credibility of the sources, but the further dilution of the stock would support the decreasing share price. Unfortunately, there were not enough details in the article. I found this to be interesting though...... quote.bloomberg.com Corporate Bond Defaults Double in '99, to Peak by Year-End ____________________________________________________________ New York, July 29 (Bloomberg) - Corporate bond default rates doubled this year and are expected to peak by year-end in the wake of record sales of junk-rated bonds and lower commodity prices, say analysts at Donaldson, Lufkin & Jenrette Securities. Iridium's 14 percent notes due in 2005 are trading about 19 cents on the dollar, down almost 90 percent since February. bk

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