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Technology Stocks : IRID - Iridium World Communications IPO Announced!
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To: Valueman who wrote (340)1/4/1998 9:06:00 PM
From: haler  Read Replies (3) of 2693
 
Valuman-

Thank you for not shirking your responsibility, I like that...

Several other points not yet mentioned include:

Iridium has a tolerance for failure of approx. 4 satellites, I believe they lost 2 already. G* has provided for a launch failure rate 3-times the current rate and would still have a fully functional Global Telecomunications System.

Further the total cost of G* is less then half of I. This would mean less Depreciation and Amortization for each shareholder to have to eat and as you state I* has to absorb the Amort + Depr. in 5 years vs G*'s 7 years.

As Dan L. concludes I* will be a homerun, and I think it will do well too, as I am an I* shareholder, BUT I also believe that for each Homerun for Iridium, G* will hit a Grand Slam and that's why I own more G*.

Hale
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