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Technology Stocks : CDMA, Globalstar versus Iridium, Inmarsat, etc.
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To: Maurice Winn who wrote (123)6/8/1997 3:01:00 AM
From: Maurice Winn   of 381
 
14 May: "Motorola, which has a nearly 25% stake in Iridium, said in a filing with the Securities and Exchange Commission that it is boosting its guarantee of Iridium's bank financing by nearly 50% to $1.1 billion".

Okay, $2.6 bn plus $1.1 bn
= $3.7 bn
= enough to build the system.

Any other loans? If that is all, then the Iridium World shareholders aren't being charged any premium for their 8% shareholding. Why not?

Does all this make sense?

Maurice
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