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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here
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To: Darren DeNunzio who wrote (4316)6/24/1999 4:09:00 AM
From: Raymond Duray  Read Replies (1) of 12823
 
Hi Darren,

I hate to rain on your parade. But, I've visited the Teledesic Website and paid attention to the press releases as well. The reality here is that the money men behind Teledesic are getting cold feet. And your notion that Teledesic is backing away from MOT because of IRID is nonsense. MOT is backing away from Teledesic because Gates and McCaw failed to comply with that most basic of requests as posed so deliciously by Cuba Gooding Jr. MOT requested of Teledesic, "Show me the money!" and none was forthcoming.

Regarding the latter half of your post: Don't confuse design parameters with reality, it can ruin an investment career.

Dos Centavos, Ry
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