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: Joe Brown who wrote (1433)	3/15/1999 8:14:00 AM
From: Goodboy	Read Replies (2) of 2693

Only one thing can be made of this information. Roy Grant, VP and CFO of Iridium. Mr. Grant disposed of over 40,000 shares of stock in the $31 to $32 range. Amazingly, this was the level that every analyst on Wall Street was pounding the table that it was a screaming buy. I guess Roy didn't think so. Of course, maybe he is building a new home (ever hear that one before) and needed the cash. On the other hand, maybe $30 is better than zero. Hope the stock can pop for those still in it. The bad news is doesn't seem to stop. Every Globalstar success should be viewed as another nail in this coffin. Although, I am not yet a bull on Globalstar (the stock will be a buy in the low teens or lower). Good luck.

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