CDRD (CD Radio) Message Board

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Technology Stocks : CDRD (CD Radio)

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To: david smith who wrote (2)	3/12/1997 7:07:00 PM
From: TMann	of 904

I invested a small amount in CDRD about 8 months ago and have experienced the rollercoaster ride typical with a development stage company. The auction for the FCC license is scheduled for sometime in April, & I'm optimistic that CDRD will be one of two winners. Of the 4 bidders CDRD seems most determined (already have satellite under construction) and has an experienced management with considerable commitment. American mobile satellite SKYC is another bidder that seems well positioned & interested, but is currently struggling to bring their satellite phone and position tracking business into the black. I believe CDRD will obtain a license, undertake considerable debt and additional stock offerings (i.e. dilution) on route to launching the satellites, and then face a tough challenge getting consumers to buy a S-band capable radio & pay $10/month for the services. If successful, I expect hansome stock appreciation. Good luck & lets keep the thread alive!

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