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: A.L. Reagan who wrote (2571)	3/7/2000 5:18:00 PM
From: Ilaine	Read Replies (1) of 2693

Post about ICO and McCaw from the ICO thread - Message 13097250 The article also contained a little info on Iridium - $5 million in interim financing provided by Eagle River and Motorola ran out March 6. Motorola has not been paid for its services since Iridium entered bankruptcy and is not committed to operate the fleet beyond March 6. Motorola officials have said in the past that the company would invest further in Iridium only if an outside investor takes a substantial stake in the satellite company. Spokesmen for the companies declined to comment further.

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