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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here
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To: Frank A. Coluccio who wrote (4969)8/13/1999 10:39:00 PM
From: Jeff Hayden   of 12823
 
While I feel very sorry for those who invested in IRID, I must say that bankruptcy was the company's only option for survival. One can only hope the original stockholders might see some return some years from now.

Now that the bankruptcy is started, Iridium has to drop the phone and access charges even more drastically if they really do wish to survive. I don't think any user can justify paying service charges greater than $1/minute. I don't care if the user is in the middle of the Congo. The phones should cost no more than $300-$400. With user costs at these levels, Iridium should capture 100,000's of customers. If prices are brought near to cell phone costs (and the phone size reduced), I should think the company can capture millions of customers.
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