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Technology Stocks : IRID - Iridium World Communications IPO Announced!

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To: Michael T Currie who wrote (1920)6/14/1999 2:15:00 PM
From: marginmike  Read Replies (1) of 2693
 
Hey many people on this and other threads expressed the problem with Iridium Business modell. When GSTRF goes online it will be over for Irid. If there were two stores next to each other, and one sold goods costing three times the price, sold old technology(tdma), and didnt even work right they would be putt out of business. Though I was tempted to buy puts when the stock was at 25(I didnt), the outcome was obvious. Irid will survive, but not until the equity is worthless.
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