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Technology Stocks : IRID - Iridium World Communications IPO Announced!
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To: Goodboy who wrote (1586)4/13/1999 9:13:00 AM
From: Bill Jackson  Read Replies (1) of 2693
 
Goodboy, For Iridium to succed would require that the rapid downwards curve of standard cel phone cost and coverage to stop and plateau at current values. This will not happen.
So every day a smaller and smaller area of the earth is exclusively served by Iridium. Even the telecom dictatorships will let the cash cows of standard cell phones enter and where they enter Iridium is doomed. There are not enough desert nomads to make a client base. On top of that they are not the only global game in town and latecomers are eating their lunch(with the exception of telecom dictatorships where Iridium signed fat exclusive deals to keep other services out)

Bill
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