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Politics : Ask Michael Burke

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To: Don Lloyd who wrote (78355)	3/23/2000 11:01:00 AM
From: Earlie	Read Replies (1) of 132070

Don: Thanks for the referenced article. Last year, I forecast a bankruptcy for Iridium, but for a more basic reason. The high cost of the service reduced the prospective users to a small number. The established competition reduced that number even further. We could see no way that the debt would be serviced, (never mind see the original investment recouped), given such a tiny "best case" collection of possible subscribers. There were technical problems, that is for certain, but did the business fail as a result of poorly designed components? I'm not sure the article's author is on solid turf on this assertion. Best, Earlie

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