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Technology Stocks : IRID - Iridium World Communications IPO Announced!
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To: Dragonfly who wrote (1653)4/23/1999 8:49:00 PM
From: Bill Jackson  Read Replies (1) of 2693
 
Dragonfly, The segment you identify is too small to support Ir. It is true that some will pay for anytime anywhere coms, but most will not unless the cost is within reason. Each person views this differently and often those with a lot of money will eschew a premium service, except for emergencies, and those with little money will try to get a company Ir service that they can chat on. The cash flow tells the tale, it is insufficient and will never service the debt. The only way out is trade debt for equity with those who now have equity being lesft with 5-15% or bankruptcy in a few months. Why take my word for it, a wait of only a few months will slay this dragon, will they slay the dragonfly?

Bill
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