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Technology Stocks : IRID - Iridium World Communications IPO Announced!
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To: 90L43G6 who wrote (1256)1/31/1999 1:53:00 PM
From: Joe Brown  Read Replies (1) of 2693
 
Appreciate the input, Dan, but the first inning HAS ended. It ended with the deployment of the constellation, and we are now well into the game. A subscriber ramp that does not significantly improve on the current rate - and soon! - will not do a great deal to allay concerns that EBITDA breakeven will occur later than forecast, and thus outrun the cash raised in the recent financing. The IRIDIUM system is technologically a wonder, and as a subscriber I am in awe of what my phone can do; as an investor, I am somewhat more pragmatic...

Regards,

Jack Morgan
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