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: Herc who wrote (1815)	5/26/1999 11:10:00 PM
From: Michael	Read Replies (1) of 2693

IRID satellites re-enter the earth's atmosphere in a few years. IRID is no cash cow, IRID is a white elephant, that needs more cash to operate than revenues it can produce. Best to abandon the whole thing and let them birds burn up on re-entry over the next several years. ps does IRID website list the days to watch them birds burn up on re-entry I hear it is a nice way to star gaze. sure is a nice day Michael <<I envision some well informed fat cat out there buying a majority interest in the bonds then seizing control and then finding new uses for IRID's birds and then having a cash cow.>>

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