TOTALLY OT: Folks, I need your help.
I am posting this (from the IRID board) on the SI & RB Boards of FCM.
Many of you whom I've had the pleasure of meeting over these boards of FCM are not only some of the smartest investors I've known, but compared to me - who's knowledge of telecommunications is picking up a phone and dialing mom & dad - you guys could run AT & T. So if you could please spare me some of your time & wisdom, I would appreciate it.
I would like to know if anybody here believes Iridium (IRID) has a snowball's hope of ever becoming a "Phoenix" again.
This is one of the more longshot investments I can think of (and I mean money you can truly just burn or have the mentality of putting away for 100
years if you had to), but what are folks' opinions regarding this.
Obviously, any investment at this point would be cheap, but high risk. I'm thinking on one hand, this may not be as long term as one may think if the right company and/or management comes in with the technological prowess & know-how to reduce costs and improve efficiency. It's obvious the consortium they are aligned with hasn't come up with answer as of yet (Motorola, et' al). On the other hand, it could be disastrous if some management comes in and repeats history. I'm also aware that a possible answer is just for this company to liquidate and be done with their woes.
The reason I ask is because it seems ABSOLUTELY unconscionable to me that 66 satellites will be left as orphans to just orbit the earth for eternity. Somebody MUST step in and take over this and make it work!
I don't know VERY much about this company at all and just found it's web-site today (12/30/99). But isn't this the company that Bill Gates made a
personal investment in? Also, does iridium actually OWN these 66 satellites, or just operate them.
If they OWN them, I'm thinking that's where the value might be at this point for pennies on the dollar.
Thanks everyone in advance for your input!!! I very much appreciate it!!!
If you'd rather, feel free to e-mail me at Citidude@yahoo.com.
Chris
PS: Also, if I can donate just a little something to you all as a return for your input - www.money.net offers FREE real-time-streaming quotes. It was featured in Online Investor. It's too incredible!!! I'm already using it. |
