IRID - Iridium World Communications IPO Announced! Message Board

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Technology Stocks : IRID - Iridium World Communications IPO Announced!

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To: Larry L who wrote (1364)	2/22/1999 3:24:00 PM
From: Joe Brown	Read Replies (1) of 2693

A ray of light? VIEWS AND NEWS,IRIDIUM WORLD COMMUNICATIONS: MarketScope, Monday, February 22, 1999 at 14:24 2/22/99 2:17 pm... IRIDIUM (IRIDF 24-1/2) DOWN 2-3/4, LEHMAN SAYS SELLOFF OVERDONE, REITERATES BUY... Analyst John Bensche says market's worries about demand for IRIDF's services, price points, risk in mobile satellite handheld telephony industry has grown out of control... Thinks IRIDF's 32% decline since Jan. 11 (through Fri.'s close) presents buying opportunity... Says analysis of $75 year-end '99 target relative to factors including lower '99 net voice additions (currently est. 550,000), lower overall satellite subscribers through '07 (current est. is 4M) fortify opinion that IRIDF is oversold...Notes shares, at Friday's close, were at 64% discount to target./Holloway -0- IRIDF $ (1331) 02-22-99 02:21 PM EST

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