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Technology Stocks : IRID - Iridium World Communications IPO Announced!
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To: Mr. Proofsheet who wrote (417)3/8/1998 4:47:00 PM
From: Phil Jacobson  Read Replies (1) of 2693
 
All,

Wanted to ask if anyone has any thoughts about potential trouble re: MOT. I did something on Friday that I swore I wouldn't do and sold IRIDF, taking the profits off the table. I need to see if there's any delayed reaction to MOT's situation. I'm concerned not only from a funding standpoint but from a simple fact that MOT's management is doing so poorly and their decision may be totally warped for the next several months in ensure their jobs are saved. MOT can't execute its way out of the proverbial paper bag right now, and they're even having terrible product performance issues.

Probably should have used covered calls but I didn't think of it at the time.

I know IRIDF is managed completely independent from MOT, but there are all sorts of ways the largest owner can screw things up when their core business is on the line.

My take is that the upward price action was due to general enthusiasm from last week's conference, but that the stock may dip several points this week and that if it does it would probably be sustained for a long time. However, if it continues to increase I'll probably get back in.

BTW, after I sold CNBC mentioned something about IRIDF and possible demand issues. They didn't reference their sources, as usual. The stock was unaffected.

Looking for opinions on the issues raised here...thanks.

Phil
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