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Strategies & Market Trends : Roger's 1997 Short Picks
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To: Ploni who wrote (8887)12/25/1997 10:35:00 PM
From: Ploni  Read Replies (1) of 9285
 
Does anyone follow Iridium? They have launched 46 satellites this year, which is 2/3 of their network. They are planning to start up their satellite telephone service in the Fall of 1998.

Estimates are that the phones will cost $3,000, and airtime will bill out at $3 a minute. Are there enough rich people who need global coverage badly enough to cough up that much money? Or is IRIDF another good short?
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