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Technology Stocks : IRID - Iridium World Communications IPO Announced!
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To: Rob Prickett who wrote (2178)7/14/1999 1:10:00 PM
From: Marty Rubin  Read Replies (1) of 2693
 
first boston downgraded the stock to sell (from hold) a little over an hour ago. i'm waiting for 5-6 but may or may not get in (and with a small amount), depending on signs; i'm just tired of investing, trading, etc. I've been all-cash for over a week, which is very rare for me. I think it will take a few days (monday?) for news to be out and i do think the partners will pull together for a deal. it just doesn't make sense for this to go belly up when gstrf is doing well. yes, irid has its debt, but gstrf is building its own debt now. if the latter is trading at its all time high, i* should have a future.

Edit: What I think is likely: Restructuring of some debt by equity, with partners helping cash flow. Even if investors get less, it's better than having the shares linger without a clear direction. The competition is at the door and they need to hurry and get their mind straight. MOT is giving no free rides this time.
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