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: Rob Prickett who wrote (1788)	5/17/1999 12:23:00 PM
From: Marty Rubin	Read Replies (1) of 2693

Rob, re book value, it's hard since you're dealing with technology where book value is usually overstated. you're probably right above needing most of the 66 satellites to support the system. i also think that poor mngmt is most to blame; therefore it has a future with the changes it mngmt it announced recently. i think i saw that the chairman owns a large chunk of shares while the other very little if any. if you're looking into the stock seriously, better do your dd fast since it may not stay at this price for too long before they announce something. stock now 8 7/8-15/16, low for day of 8 9/16; high (also the open) 10 1/4. Marty (also they own a small part of the system, with many other co.s taking the rest.)

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