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Technology Stocks : IRID - Iridium World Communications IPO Announced!
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To: Joe Brown who wrote (1255)2/1/1999 8:03:00 AM
From: Jeff Vayda  Read Replies (1) of 2693
 
Jack:

Looks like the subscriber who has not been billed yet is finding the high price for a handset to be more and more reasonable! Such a deal, no wonder the bottom line is light at I* to date.

As has been pointed out, the system is still going through shake down. Do you know the amount of full scale testing they were able to do prior to all 66 sats on line? Word has it not much. That would mean they are only 5 or 6 months into beta (or gamma or whatever) testing. I look for them to get on with the billing software soon. It should be interesting to see how far back they attempt to bill once the system is supporting. They could see a drastic reduction in system usage if they slam everyone with bills from day one.

Long race yet.

Jeff Vayda
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