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Technology Stocks : IRID - Iridium World Communications IPO Announced!
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To: Dragonfly who wrote (1639)4/23/1999 11:06:00 AM
From: RetiredNow  Read Replies (1) of 2693
 
Dragonfly, wasn't it you who was so tired of threads like this and keeps demanding more proof that Iridium is in serious trouble?

Well here's more proof (btw, everyone should get themselves a subscription to the interactive WSJ; it's awesome):

Iridium LLC's Chief Executive
Quits Abruptly Amid Disarray
By DAVID P. HAMILTON
Staff Reporter of THE WALL STREET JOURNAL

Now Iridium has had both it's CEO and CFO resign. Do you need someone to beat you over the head with a bat that says "Iridium is going down the tubes", before you understand that this stock will do nothing for you but take your money?

For the cooler heads, be very careful about falling in love with a technology. If the company doesn't have a sound business strategy (and top executives are resigning), it may be time to reconsider your investment.
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