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: Jeff Vayda who wrote (1474)	3/29/1999 12:25:00 PM
From: Goodboy	Read Replies (1) of 2693

The man responsible for the 5 billion being raised is saying goodbye right at the worst possible time. You don't do that unless their are deeper problems at hand. Some people think Motorola might save the company. Why? If it goes into a restructuring, Motorola will end up with the lions share of the equity, finanical flexability to price more competitively and still be the largest creditor. Iridium is a zero and no matter what I or anyone else says that Globalstar is different and will be very successful will matter. It will drop and then it will be a screaming buy. Those who own it at $15 may do great. I just think the opportunity to buy near $10 will emerge and it will be for reasons that are incorrect (guilt by association).

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