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Technology Stocks : IRID - Iridium World Communications IPO Announced!
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To: Jeff Vayda who wrote (1124)12/30/1998 2:43:00 AM
From: Dragonfly  Read Replies (2) of 2693
 
I stated earlier in the year, that I*'s plan to replenish 10% of its constellation each year was shockingly high to me.

And what percentage of G*'s constellation has to be replaced this year? %25. Thats how much. A convenient fact to ignore.

We'll see who can keep birds in the air longer over the long run, but at this point a bad launch choice has set Globalstar far behind iridium.

I find it amazing that you keep bashing iridium even though its winning right now.

Please, get over it and start looking at them without emotion.

This is why I stopped hanging out in SI-- too much rah rah behind the politically correct stock (g* in this case) and bad mouthing of the "out of favor one" and nobody has facts to back them up. (Notice the complete inability to back up the minute availibility numbers people were banding around... who cares how they were derived you guys say....)

Maybe I'm too much of an engineer to expect objective fact, but you throwing out a percentage of replacement figure and ignoring that your baby has a higher one so far takes a lot of gall.

PS- Without leaving the US, this summer, I found myself in an area that was covered by Iridium but won't be covered by globalstar. OF course, as far as you are concerned this is impossible because the north pole isn't part of the US. Another convenient ignoring of the facts.
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