IRID - Iridium World Communications IPO Announced! Message Board

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Technology Stocks : IRID - Iridium World Communications IPO Announced!

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To: B-MAN who wrote ()	8/16/1999 11:21:00 AM
From: Timothy R. Tierney	Read Replies (1) of 2693

Let me tell ya..These Brokerage outfits are rite on top of the situation aren't they? RESEARCH ALERT - Iridium downgraded NEW YORK, Aug 16 (Reuters) - Lehman Brothers said Monday it cut its rating on satellite telecommunications company Iridium LLC to neutral from buy. -- Further details were not immediately available. -- The company filed for Chapter 11 bankruptcy protection Friday, two days after it defaulted on more than $1.5 billion in loans.

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