2000: Y2K Civilized Discussion Message Board

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Technology Stocks : 2000: Y2K Civilized Discussion

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To: Hawkmoon who wrote (93)	8/11/1999 8:00:00 PM
From: C.K. Houston	Read Replies (2) of 662

Ron, OFF TOPIC: Sort of. IRIDIUM LLC, which runs the first global satellite-telephone network, is 86 percent-owned by 19 investors, which also include Lockheed Martin Corp., Raytheon Co., Sprint Corp. and American International Group Inc .... [Motorola's involved too.] How many satellites did they launch this past year that went KABOOM? I just heard more bad news today on CNBC: 2) DJN 14:21 DJ Iridium Says Defaulted On $800M, $750M Credit Facilities 3) DJN 14:21 +DJ Iridium: Bank Waiver Of $800M Credit Expired Wed >IRID 4) BN 14:17 IRIDIUM DEFAULTS UNDER CREDIT FACILITIES :IRID US I sure wish I took Anthony@Pacific's advice yesterday to short IRID when it was@6. Ooooooooooooh - look at this chart: techstocks.com ----------------------------------------------------------------------------- This GPS deal on August 21 is becoming more worrisome to me. I sure hope that none of IRID's global satellites up there right now ... have that end-of-week roll-over problem. Can you imagine what it would do to Internet stock prices ... and on-line trading ... and even "off-line" trading ... if we have problems with telecoms? Could make that MCI outage/disruption pale in comparison, huh? Sure a lot of telecom and ATM problems these days. Aren't there? Like that one in Toronto that affected over 100,000 - and caused problems from Ottawa to Vancouver. Of course that one was caused by someone dropping a wrench, wasn't it? And that other ATM problem in the U.S. a couple of weeks ago, that affected ... what was it? 15% of ATM machines nation-wide? Of course, that wasn't MCI. That was someone else. Like I said. There sure have been a lot of telecom and ATM problems these days ...... Cheryl

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