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Technology Stocks : Brightpoint - CELL
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To: Brian Lempel who wrote (1383)2/22/1999 1:04:00 PM
From: Paul Shread  Read Replies (1) of 1999
 
FYI, from Briefing:

Iridium World Communications (IRIDF) 24 1/2 -2 13/16: CE Unterberg Towbin reiterates "buy" rating on mobile telephony systems company after stock falls on Friday on rumors that company will not meet bank covenants; does not believe that company is in any danger of foreclosure and thinks long-term picture is intact; cautious about how fast demand will actually build in the short-term; expects 210,000 subscribers by year-end, compared to company goal of 500,000 to 600,000 subscribers.....

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