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Technology Stocks : IRID - Iridium World Communications IPO Announced!
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To: Joe Brown who wrote (1240)1/27/1999 7:36:00 AM
From: Jeff Vayda  Read Replies (1) of 2693
 
Jack, answer your question with your next post. I have said all along there is plenty of business out there. Not for me at $3K a pop, but there are bunches of situations were it does make economic sense. I* birds are up and supporting, maybe not at the level of terrestrial systems but I dont feel that is a big deal. Bad connections and dropped calls some 1, 2, or 3% of the time? Big deal, hang up and try again, that is what I do when I get a bad connection.

Therefore the stock will never drop to $10, 20 maybe but not 10. G* will someday get on station and bring a whole bunch more people into the arena. Then I* might drop in reaction to the fears of the street, but time will show enough business for both and the stock price will rebound.

Jeff Vayda
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